Spigen Korea Co., Ltd (KOSDAQ:A192440) announces a share repurchase program. Under the program, the company will repurchase up to 25,413 shares for a total of KRW 2,000 million, which is based on the closing price of KRW 78,700 per share on November 3, 2015. The company will make direct acquisition on KOSDAQ.

The purpose of the share repurchase program is to stabilize the share price. The maximum number of shares that the company may repurchase on any day is 12,423 shares and to enhance shareholder value. The actual amount for the repurchase may change according to the changes in the stock price.

The share repurchase program is valid until February 4, 2016. As of November 4, 2015, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.