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Webzen Inc. Resolution on Direct Share Repurchase.
- Article from:
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PR Newswire
- Article date:
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November 29, 2007
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Copyright informationCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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