Pendrell Corporation (NasdaqCM:PCO) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares of Class A stock. The shares will be repurchased from time to time at prevailing market prices, through open market or privately negotiated transactions, pursuant to one or more plans established pursuant to Rule 10b5-1 under the Exchange Act. The purpose of the program is to provide shareholders with an opportunity for liquidity prior to the effective date of the 1-for-100 reverse split. The program may be suspended, discontinued or modified at any time, for any reason and without notice.