IGLOO SECURITY, Inc. announces an Equity Buyback for KRW 2,000 million worth of its shares.
March 10, 2020 at 10:03 pm EDT
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IGLOO SECURITY, Inc. (KOSDAQ:A067920) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with Mirae Asset Daewoo. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will be valid until September 11, 2020. As of March 10, 2020, the company had 1,280,801 shares in treasury under the dividend capacity and 1,001 shares in treasury under other capacities.
Igloo Corp, formerly Igloo Security Inc, is a Korea-based company mainly engaged in the provision of security information and event management (SIEM) solution as well as managed security service (MSS). The Companyâs products consist of integrated security management solutions, such as SPiDER series, which include risk management systems, security information and event management systems, integrated multidimensional analysis systems, integrated analysis security system, integrated security management platforms, security information portal and emergency response systems, among others. As well as HUSKY service, a SIEM solution which includes quick precise analysis and response system, information technology infrastructure and integrated security management.
IGLOO CORPORATION 