Nasmedia Co., Ltd. announces an Equity Buyback for KRW 8,000 million worth of its shares.
November 08, 2019 at 05:44 am
Share
Nasmedia Co., Ltd. (KOSDAQ:A089600) announces a share repurchase program. Under the program, the company will repurchase up to KRW 8,000 million worth of its shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is to improve shareholder value. The program will expire on May 10, 2020. As of November 7, 2019, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Nasmedia Co., Ltd. is a Korea-based media representative. The Company principally engages in the sale of online display advertisings, Internet protocol television (IPTV) advertisings and digital outdoor advertisings. Its digital outdoor advertisings include platform screen door (PSD) advertising, video advertisings, vehicle advertisings, illuminated advertisings, poster advertising and others. The Companyâs clients mainly consist of advertising agencies and publishers.