Avista Inc.'s Equity Buyback in the amount of KRW1000 mm has expired
March 18, 2013 at 12:00 am EDT
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The Board of Directors of Avista Inc. (KOSE:A090370) authorized a share repurchase program on February 11, 2010. Under the program, the company will repurchase up to KRW 1 billion worth own shares pursuant to a trust agreement with Daewoo Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The plan will commence on February 11, 2010 and will continue until August 11, 2010.
On August 10, 2010, the company extended the share repurchase program to expire on February 11, 2011.
On February 10, 2011, the company announced that it has extended the program till August 11, 2011.
On August 10, 2011, the company announced that it has extended the program till February 11, 2012.
On February 10, 2012, the company extended the share repurchase program till August 11, 2012.
On August 10, 2012, the company extended the share repurchase program till February 11, 2013.
On February 8, 2013, the company extended the program till August 11, 2013. Till August 11, 2012, the company has repurchased 227,950 shares. Daewoo Securities Co., Ltd. acted as broker to Avista Inc.
Avista Inc.'s share repurchase program expired on March 18, 2013.
METALABS CO., LTD., formerly AVISTA INC., is a Korea-based company mainly engaged in the casual apparel business. The Company produces and sells casual apparel and accessories under the brand of BNX, which is feminine and romantic character for women in their twenties; TANKUS, which is casual apparel with detailed design and dynamic color and fabrics; eryn brinie, which is soft and simple character casual apparel, and Kai-aakmann, which is feminine and masculine look character for men and women in their twenties. In addition, it is engaged in the overseas wholesale and retail of products through its affiliates in Shanghai, New York and Milano.
METALABS CO., LTD. 
