Press release article from our research archive:

Webzen Inc. Resolution on Direct Share Repurchase.

SEOUL, South Korea, Nov. 29 /Xinhua-PRNewswire-FirstCall/ -- Webzen Inc. announced that the company decided to repurchased treasury stock 250,000 shares in order to stabilize the stock price. Estimated repurchase amount will be 2.2 billion won. The repurchase amount is computed based on the closing price of the previous day (November 28th, 2007). The repurchase period is Dec.03 2007 - Feb.29 2008. Webzen's total treasury stock balance after this repurchase is 797,705(6.15%)

 
  -- Purpose: Stabilize treasury stock price 
  -- Number of Shares to be repurchased: 250,000 (2%) 
  -- Estimated Repurchase Amount: 2.2 billion won 
  -- Repurchase Period: 2007.12.03 - 2008.02.29 
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