Opticis Company Limited announces an Equity Buyback for KRW 1,000 million worth of its shares.
March 24, 2020 at 06:39 am
Opticis Company Limited (KOSDAQ:A109080) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million pursuant to a trust contract with Industrial Bank of Korea. The purpose of the share repurchase program is to stabilize the share price and to raise the company’s corporate image. The share repurchase program is valid until March 24, 2021. As of March 23, 2020, the company had 740,773 shares in treasury within scope available for dividend and had 3,000 shares in treasury through other repurchase.