J.ESTINA Co., Ltd. announces an Equity Buyback for 99,502 shares, for KRW 1,000 million.
August 29, 2016
Share
J.ESTINA Co., Ltd. (KOSDAQ:A026040) announces a share repurchase program. Under the program, the company will repurchase up to 99,502 shares, for a total of KRW 1,000 million. The company will repurchase its shares within securities market. The purpose of the share repurchase program is to stabilize stock price. The maximum number of shares that the company may repurchase on any day is 31,330 shares. The share repurchase program is valid until November 30, 2016. As of August 29, 2016, the company had 566,470 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
J.ESTINA Co.,Ltd, formerly Romanson.Co.,Ltd, is a Korea-based company specialized in the provision of jewelries, watches and handbags. The Company produces menâs and womenâs watches with classic and trendy series under the brand name of ROMANSON. It designs and provides jewelries, including rings, ear rings and necklaces under the brand names J.estina. It produces handbags under the brand name of J.ESTINA. It also distributes imported watches such as brand names of MOVADO, ALFEX and others. The Company distributes its products within domestic market through department stores, duty free shops and Internet shopping malls, and to the overseas markets.
J.ESTINA CO.,LTD. 
