SAN DIEGO--(BUSINESS WIRE)--Illumina (NASDAQ:ILMN) today announced that it has executed a Rule 10b5-1 trading plan to purchase up to $75 million of its outstanding common stock over a period of six months. A Rule 10b5-1 plan allows Illumina to repurchase its shares during a period when the company would normally not be active in the market because of its own internal trading windows. The program will be funded with a portion of the proceeds from Illumina’s recent $400 million Convertible Senior Notes offering. Repurchased shares will be held in treasury.
