July 31, 2017 / 10:07 PM / 2 years ago

BRIEF-Silicon Motion reports new $200 mln share repurchase program

July 31 (Reuters) - Silicon Motion Technology Corp:

* Silicon Motion announces new $200 million share repurchase program and management to purchase shares

* Silicon Motion Technology Corp - separately, Silicon Motion executive officers have notified company that they intend to purchase $2.5 million of its adss

* Silicon Motion Technology Corp - ‍board has authorized a new program for company to repurchase up to $200 million of its ads over a 12 month period​

* Silicon Motion Technology Corp - company expects to use cash on hand to fund repurchases Source text for Eikon: Further company coverage:

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