Hankuk Carbon Co., Ltd. announces an Equity Buyback for 1,318,822 shares.
June 27, 2016
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Hankuk Carbon Co. Ltd. (KOSE:A017960) announces a share repurchase program. Under the program, the company will repurchase up to 1,318,822 shares for a total of KRW 7,741.49 million, which is based on the closing price of KRW 5,870 per share on June 24, 2016. The company will repurchase its shares on the Stock Exchange. The purpose of the share repurchase program is to improve shareholder value through stock price stabilization. The maximum number of shares that the company may repurchase on any day is 131,882 shares. The actual repurchase number of shares and the amount may change according to the hereafter stock price change. The share repurchase program is valid until September 27, 2016. As of June 26, 2016, the company had 1,619,770 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Hankuk Carbon Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of heat insulation panels. The Companyâs products consist of general materials, such as carbon sheets, which are applied in sports equipment, vehicles, airplanes and architectures; industrial materials, including heat insulation panels, which are applied in liquid natural gas (LNG) carriers, as well as electronic materials used for printed circuit boards (PCBs), and general materials applied in construction industry. Through its subsidiary, it also engages in the wholesale and export proxy business and resource development business.
HANKUK CARBON CO., LTD. 
