Tenable Holdings Announces $100 Million Share Buyback

COLUMBIA, Md., Nov. 27, 2023 (GLOBE NEWSWIRE) - Tenable Holdings, Inc. TENB, a prominent provider of cyber exposure solutions, has revealed a significant step in shareholder value enhancement. The company's Board of Directors has given the nod to a share repurchase program, which authorizes Tenable to reacquire up to $100 million of its own common stock. This decision underscores the company's solid financial position and its commitment to driving shareholder returns.

Details of the Share Repurchase Program

The newly approved program by TENB allows for the buyback of shares over a designated period, providing the company with the flexibility to make purchases in the open market or through privately negotiated transactions. The timing and actual number of shares purchased will depend on a variety of factors including price, trading volume, and market conditions. The program does not obligate Tenable to acquire any particular amount of common stock and may be suspended or discontinued at the company's discretion.

About Tenable Holdings, Inc.

TENB is headquartered in Columbia, Maryland and has established itself globally in the cyber security sector. The company's suite of solutions extends across the Americas, Europe, the Middle East, Africa, Asia Pacific, and Japan, catering to the growing demand for comprehensive exposure management and cyber security platforms. Tenable's strategic move to buy back shares demonstrates confidence in its business model and future prospects.

Tenable, ShareBuyback, Investment