[Edaily Reporter Park Sun-Yeop ] PAN ENTERTAINMENT CO., LTD.(068050)announced on the 26th that it has decided to enter into a trust agreement for the repurchase of 1 billion won worth of its own shares to enhance shareholder value by stabilizing its stock price.
The contract period runs from today through December 25. NH INVESTMENT & SECURITIES is serving as both the contracting institution and the entrusted investment broker.
The planned number of shares to be repurchased is 968,992 common shares. This figure was calculated by dividing the contract amount of 1 billion won by the closing price of 1,032 won on the 25th, the day before the board of directors’ resolution.
The company explained that the actual acquisition price and quantity may vary depending on future stock price fluctuations and other factors.
As of the date prior to the contract signing, PAN ENTERTAINMENT CO., LTD. holds 652,047 treasury shares acquired within the permissible dividend range. This represents 2.35% of the total common stock.
The contract period runs from today through December 25. NH INVESTMENT & SECURITIES is serving as both the contracting institution and the entrusted investment broker.
The planned number of shares to be repurchased is 968,992 common shares. This figure was calculated by dividing the contract amount of 1 billion won by the closing price of 1,032 won on the 25th, the day before the board of directors’ resolution.
The company explained that the actual acquisition price and quantity may vary depending on future stock price fluctuations and other factors.
As of the date prior to the contract signing, PAN ENTERTAINMENT CO., LTD. holds 652,047 treasury shares acquired within the permissible dividend range. This represents 2.35% of the total common stock.
