9th Dec 2008 07:00
Share Buyback
On December 9, 2008, the BOD of Daishin Securities authorized a share buyback.
Details:
The number of shares to be repurchased : 2,000,000 preferred shares.
- 1,700,000 Class 1 preferred shares
- 300,000 Class 2 preferred shares
2. The expected buyback amount is about KRW 11 billion.
- Class 1 preferred shares : KRW 9.52 billion.
- Class 2 preferred shares : KRW 1.48 billion
* The actual buyback amount is subject to change, based on the price
at the time of the repurchase.
3. Buyback period : December 15, 2008 to February 12, 2009.
4. The planned buyback aims
1) to stabilize stock price and
2) enhance the shareholders' value.
5. Daishin Securities will buy back shares through Daishin Securities.
6. Treasury shareholdings as of December 9, 2008:
- Common shares : 5,883,808
- Class 1 preferred shares : 500,000
- Class 2 preferred shares : 0
Related Shares:
DSS.L