Wisol Co., Ltd. announces an Equity Buyback for 400,000 shares.
September 18, 2016
Share
Wisol Co., Ltd. (KOSDAQ:A122990) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares for a total of KRW 4,800 million, which is based on the closing price of KRW 12,000 per share on September 13, 2016. The company will repurchase its shares directly through KOSDAQ securities market. The purpose of the share repurchase program is to stabilize the stock price and to enhance shareholder value. The maximum number of shares that the company may repurchase on any day is 48,193 shares. The actual buyback amount may change according to the change in the stock price. The share repurchase program is valid until December 19, 2016. As of September 18, 2016, the company had 95,320 shares in treasury within scope available for dividend and had 13,170 shares in treasury through other repurchase.
WiSoL Co Ltd is a Korea-based company engaged in the manufacture and sale of electronic parts. The Company principally manufactures radio frequency (RF) solution products used in cellular phones. The Company provides surface acoustic wave (SAW) filters, duplexers, wafer chips, as well as module products, among others. It also provides RF modules used for smart televisions (TVs). The Company provides its products under the brand name of Wisol. The Company distributes its products within domestic market and to overseas markets.
WISOL CO.,LTD. 
