August 02, 2002 in Social Responsibility News

BOD Resolution on Stock Repurchase

Details
- The planned share buy-back is aimed at stabilizing the stock
price and returning profits to shareholders.
? Shares to be repurchased are not subject to retirement.

Class and Number of Stock
- Common stock : 2,660,000 shares
( 1.7% of shares outstanding)
-Preferred stock : 400,000 shares
( 1.7% of shares outstanding )

Repurchase Period
- Repurchase of stock will be made for three months beginning
three days after the BOD resolution is made on Aug 2, 2002

Repurchase Method
- Samsung Securities, Korea Investment Trust and Daehan
Investment Trust will make the purchase in the market
∵ Daily repurchase limit is 266,000 common shares and
60,000 preferred shares.
※ Daily repurchase limit is based on a requirement under
which the limit should not exceed the greater of 10%
of shares to be repurchased or 25% of the average of
daily traded shares for one month preceding the BOD
resolution.

Finance
- Repurchase will be financed with internal cash flow.


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