Openbase, Inc.'s Equity Buyback in the amount of KRW1000 mm has expired
April 04, 2012 at 12:00 am EDT
Share
The Board of Directors of Openbase, Inc. (KOSE:A049480) authorized a share repurchase program on April 4, 2003. Under the program, the company will repurchase up to KRW 1 billion worth own shares pursuant to a trust agreement with Shinhan Bank. The purpose behind the program is to stabilize the stock price. Repurchases will commence on April 4, 2003 and will continue until April 4, 2004. As of April 4, 2003, the company has 315,663 shares held in treasury under trust agreement.
On April 2, 2004, the company announced that it has extended the program till October 4, 2004.
On October 4, 2004, the company announced that it has extended the program till October 4, 2005.
On October 4, 2005, the company announced that it has extended the program till April 4, 2006.
On April 4, 2006, the company announced that it has extended the program till April 4, 2007.
On April 4, 2007, the company announced that it has extended the program till April 4, 2008.
On April 4, 2008, the company announced that it has extended the program till April 4, 2009.
On April 6, 2009, the company announced that it has extended the program till April 4, 2010.
On April 2, 2010, the company announced that it has extended the program till April 4, 2011.
On April 4, 2011, the company announced that it has extended the program till April 4, 2012. Shinhan Bank acted as the broker for the buyback.
Openbase, Inc.'s share repurchase program expired on April 4, 2012. Under the plan, the company has repurchased 488,839 shares.
Openbase, Inc. is a Korea-based company engaged in the information technology (IT) solution business. The Companyâs solutions include network solution, which provides network infrastructure solution for deliver, optimize and secure fields; security solution, which provides firewall solutions with applications under the brand names of radware and Paloalto Networks; server and storage solution, which provides solution services with IBM server and EMC storage, as well as wireless solution, which provides solution services with the applications under the brand name of Ruckus. The Company also provides system integration (SI) and related services. On November 26, 2013, it purchased a 100% stake in GE Real Estate Corporation.
OPENBASE, INC. 
