Plantynet Co., Ltd. announces an Equity Buyback for 150,000 shares.
June 08, 2014
Share
Plantynet Co., Ltd. (KOSDAQ:A075130) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares for KRW 840 million. The company will make direct acquisition through KOSDAQ market.
The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The company will repurchase up to 36,998 shares on any one day in the program. The program will continue until September 9, 2014.
As of June 8, 2014, the company had 496,392 shares in treasury within scope available for dividend and had no shares in treasury through other repurchases.
Plantynet Co., Ltd. is a Korea-based company engaged in the provision of Internet value-added services and software. The Company and its subsidiaries are engaged in the provision of Internet value-added services, including Web-filtering service, which displays access blocking message or redirect to new Website to protect users from undesirable websites containing uncontrollable and indecent materials, violence and unsocial materials; expanded service, which is a helper program to provide customers convenience in using the Website blocking service; TimeCare service, which automatically blocks Internet connection in broadband network according to the set up time, and Plantware service, which is an online service. It also provides Internet contents services through JoosMusic, Jamynote and Moazine, including music, magazines, images and other contents, as well as engages in the venture capital business and others.
PLANTYNET CO., LTD. 
