Dexter Studios Co., Ltd. announces an Equity Buyback for 400,000 shares.
December 30, 2016
Share
Dexter Studios Co., Ltd. (KOSDAQ:A206560) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 common shares. The estimated price for repurchase would amount to KRW 5,900 million, which is based on the market close price of November 30, 2016, of KRW 14,750 per share. The shares will be repurchased on the market through the Korea Securities Dealers Automated Quotation market. The purpose of the program is to improve the shareholders’ value and company value stabilization. The company's daily repurchase limit is 40,000 common shares. The program is valid up to February 28, 2017. As of November 30, 2016, the company had nil common shares in treasury under the dividend capacity and nil common shares in treasury under other capacities.
Dexter studios Co., Ltd, formerly Dexter Co., Ltd, is a Korea-based company mainly engaged in the provision of visual effects (VFX) production services. The Company mainly offers VFX production services for film and television (TV) production market. The Company provides services for films including Mr. Go, The Pirates, Young Sherlock, The Taking Of Tiger Mountain, Death Duel, Last Love In Antarctica and others. The Company distributes its products within domestic market and to overseas markets including China and others.