IGLOO Security, Inc. announces an Equity Buyback for KRW 2,000 million worth of its shares.
April 10, 2017 at 10:08 pm
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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 trust contract with Mirae Asset Daewoo Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to improve shareholder value. The share repurchase program is valid until October 11, 2017. As of April 10, 2017, the company had 10,388,848 shares in issue and had 565,147 shares in treasury within scope available for dividend and had 1,001 shares in treasury through other repurchase.
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 
