Openbase, Inc.'s Equity Buyback in the amount of KRW1500 mm has expired
April 14, 2012 at 05:00 am
Share
The Board of Directors of Openbase, Inc. (KOSE:A049480) authorized a share repurchase program on October 12, 2001. Under the program, the company will repurchase up to KRW 1.5 billion worth own shares pursuant to a trust agreement with Hanmi Bank. The purpose behind the program is to stabilize the stock price. Repurchases will commence on October 12, 2001 and will continue until April 11, 2002.
On April 11, 2002, the company announced that it has extended the program till October 11, 2002.
On October 10, 2002, the company announced that it has extended the program till April 11, 2003.
On April 11, 2003, the company announced that it has extended the program till April 12, 2004.
On April 12, 2004, the company announced that it has extended the program till April 12, 2005.
On April 12, 2005, the company announced that it has extended the program till April 12, 2006.
On April 12, 2006, the company announced that it has extended the program till April 12, 2007.
On April 12, 2007, the company announced that it has extended the program till April 12, 2008.
On April 14, 2008, the company announced that it has extended the program till April 14, 2009.
On April 13, 2009, the company announced that it has extended the program till April 14, 2010.
On April 14, 2010, the company announced that it has extended the program till April 14, 2011.
On April 14, 2011, the company announced that it has extended the program till April 14, 2012. Hanmi Bank acted as the broker for the buyback.
Openbase, Inc.'s share repurchase program expired on April 14, 2012.
Openbase, Inc. is a Korea-based company engaged in the information technology (IT) solution business. The Companyâs solutions include network solution, which provides network infrastructure solution for deliver, optimize and secure fields; security solution, which provides firewall solutions with applications under the brand names of radware and Paloalto Networks; server and storage solution, which provides solution services with IBM server and EMC storage, as well as wireless solution, which provides solution services with the applications under the brand name of Ruckus. The Company also provides system integration (SI) and related services. On November 26, 2013, it purchased a 100% stake in GE Real Estate Corporation.