SBI AXES Co., Ltd. (KOSDAQ:A950110) announces a share repurchase program. Under the plan, the company will repurchase up to 1,462,771 shares, representing 6.89% of outstanding shares (treasury shares excluded) for KRW 4,973.42 million. The shares will be repurchased a price of KRW 3,400 per share.

The shares will be repurchased in order to stabilize its stock price and increase shareholder's value. The shares will be repurchased until February 18, 2016. As on January 22, 2015, the company has 21,209,053 outstanding shares (treasury shares excluded) and 156,347 shares under treasury.