April 1, 2010 (FinancialWire) — O2Micro International Ltd. (NASDAQ: OIIM) said it has adopted a program to repurchase up to $10 million worth of its American Depositary Shares (ADS) on the open market using the company's existing cash reserves. As of December 31, 2009, there were approximately 36.2 million ADS outstanding.

The repurchases will be under a program structured to comply with Rule 10b-18 promulgated by the U.S. Securities and Exchange Commission. The repurchases will be made pursuant to a plan adopted by the company under Rule 10b5-1 that allows the company to repurchase ADS at times when such repurchases would otherwise be prevented under insider trading laws or self-imposed trading blackout periods. A broker selected by the company will have the authority, under the terms and limitations specified in the plan, to repurchase ADS on the company's behalf.

Based on certain pricing parameters established under the plan, the company said it cannot guarantee the exact number of ADS that will be repurchased under the plan.

Founded in April 1995, O2Micro develops and markets innovative power management and security components for the computer, consumer, industrial, and communications markets.

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