LIG Nex1 Co., Ltd. announces an Equity Buyback for 330,000 shares.
February 19, 2020 at 06:48 pm EST
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LIG Nex1 Co., Ltd. (KOSE:A079550) announces a share repurchase program. Under the program, the company will repurchase up to 330,000 shares. The purpose of the program is to stabilize share price and enhance shareholders value. The repurchase program will continue until May 20, 2020. As of February 19, 2020, the company had no shares in treasury under the dividend capacity and no shares in treasury under other capacities.
LIG Nex1 Co Ltd is a Korea-based company mainly engaged in the research, development and production of weapon systems. The Company provides weapons systems mainly used in defense industry fields including precision guided munitions (PGMs), intelligence, surveillance and reconnaissance (ISR), avionics and electronic warfare (AEW), command, control, communications, computers, and information (C4I). PGMs products are composed of antiair, antiship and antisubmarine, earth, air to ground and underwater weapons. ISR products include search radars, tracking radars, image radars, electro-optical equipment, and underwater surveillance systems. AEW products include electronic warfare systems such as avionics, ship and aircraft electronic warfare and army electronic warfare. C4I products include communication terminals, radios and combat systems.
LIG NEX1 CO., LTD. 
