This excerpt taken from the BPHX 20-F filed Mar 31, 2009.
The following table sets forth certain information related to purchases made by BluePhoenix of its ordinary shares during the periods indicated:
Under our buy-back programs, we may purchase our shares from time to time, subject to market conditions and other relevant factors affecting us. The first buy-back program adopted in May 1998 enables us to purchase our shares, utilizing up to $5 million. Under the second buy-back program adopted in September 1998, and amended in May 1999, we may purchase, up to an additional 2,000,000 ordinary shares.
(2) All these treasury transactions were made under our buy-back program in accordance with the resolution of our board of directors adopted in March 2008 authorizing the repurchase of our shares, subject to market conditions, under our existing buy-back programs.