AMSTERDAM, March 1, 2016 /PRNewswire/ -- AVG® Technologies N.V. (NYSE: AVG ), the online security company™, announced today the second tranche of its previously announced 1,666,667 share repurchase program intended to cover AVG's obligations to deliver shares under its employee stock options incentive and restricted share units plans, as announced on November 9, 2015 and subsequently on December 17, 2015. Under the second tranche, AVG may repurchase up to 200,001 of its ordinary shares (the "shares") between March 1, 2016 and May 10, 2016. 1,466,666 shares were previously repurchased in the first tranche between November 10, 2015 and February 10, 2016. Details of the Share Repurchase Program The share repurchase was authorized by AVG's shareholders on June 11, 2015 and approved by the Supervisory Board. Under the share repurchase program, AVG has authorization to repurchase up to 1,666,667 shares between November 10, 2015 and May 10, 2016.