[Edaily Reporter Park Sun-Yeop ] #Knowmerce Corp. announced on the 15th that it has decided to enter into a trust agreement with SamsungSecurities for the acquisition of 1 billion won worth of its own shares.
The contract period is six months, from today through January 15 of next year. The planned acquisition consists of 98,328 common shares, with a base price of 10,170 won per share.
Knowmerce Corp. currently holds 54,618 shares of treasury stock acquired within the scope of distributable earnings. This represents 0.49% of the total issued shares.
The company explained that the purpose of this trust agreement is to stabilize the stock price and enhance shareholder value. Both the contracting institution and the entrusted investment broker are SamsungSecurities.
The contract period is six months, from today through January 15 of next year. The planned acquisition consists of 98,328 common shares, with a base price of 10,170 won per share.
Knowmerce Corp. currently holds 54,618 shares of treasury stock acquired within the scope of distributable earnings. This represents 0.49% of the total issued shares.
The company explained that the purpose of this trust agreement is to stabilize the stock price and enhance shareholder value. Both the contracting institution and the entrusted investment broker are SamsungSecurities.
