LMS Co., Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
June 29, 2017 at 11:23 am IST
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LMS Co., Ltd. (KOSDAQ:A073110) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million of its shares pursuant to a trust agreement with NH Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The repurchase program is valid till January 3, 2018. As of June 28, 2017, the company had 879,496 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
LMS CO., LTD. is a Korea-based company mainly engaged in the manufacture of prism sheets for back light units (BLUs) used in liquid crystal displays (LCDs). The Company operates its business through two divisions: display business division and optical information business division. Its display business division provides prism sheets that increase the efficiency of light to brighten the LCDs, which are used in mobile phones, personal digital assistants (PDAs), car navigations, laptop computers, LCD televisions (TVs) and others under the brand name HLAS. Its optical information business division provides small optical components, such as pick-up grating elements, wave plates, polarization filters (PFs) composite devices, polarizing hologram devices and others for compact discs (CDs), digital versatile discs (DVDs) and others. The Company also involves in the rental business.
LMS CO., LTD. 
