Secuve Co., Ltd.'s Equity Buyback in the amount of KRW1000 mm has expired
February 20, 2013 at 05:00 am
Share
The Board of Directors of Secuve Co., Ltd. (KOSE:A131090) authorized a share repurchase program on February 20, 2012. Under the program, the company will repurchase up to KRW 1 billion worth own shares pursuant to a trust agreement with SK Securities Co., Ltd. to be signed on February 21, 2012. The purpose behind the program is to stabilize the stock price and to enhance company's corporate image. Repurchases will commence on February 21, 2012 and will continue until August 20, 2012. As of February 19, 2012, the company has no shares in treasury.
On August 17, 2012, the company extended the share repurchase program until February 20, 2013.
SK Securities Co., Ltd. acted as the broker to Secuve Co., Ltd. for the company.
Secuve Co., Ltd.'s share repurchase program expired on February 20, 2013. Under the program, the company repurchased 203,990 shares.
SECUVE Co., Ltd. is a Korea-based company mainly engaged in the provision of security software. The Company operates its business through three segments: solution business segment, which provides secure operating systems, integrated account authority management services, log analysis and management, personal information protection, internal information leaking out prevention systems, database (DB) encryption and DB access control systems under the brand names of Secuve TOS, iGRIFFIN, LogGRIFFIN, DuoGRIFFIN and Chakra; service business segment, which is engaged in the provision of maintenance services used for products routine inspection, policy establishment and technical support services, and real estate segment, which is engaged in the rental business. The Company supplies its products within domestic market and to overseas markets.
SECUVE CO., LTD. 
