Ottogi Corporation announces an Equity Buyback for KRW 10,000 million worth of its shares.
Ottogi Corporation (KOSE:A007310) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million pursuant to a trust contract with Mirae Asset Daewoo. The purpose of the share repurchase program is to stabilize the share price. The share repurchase program is valid until November 3, 2016. As of May 2, 2016, the company had 63,080 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.