UbiVelox Co., Ltd. closed an Equity Buyback in the amount of KRW836.06 mm
March 05, 2013 at 11:00 pm
Share
The Board of Directors of UbiVelox Co., Ltd. (KOSE:A089850) authorized a share repurchase program on December 12, 2012. Under the program, the company will repurchase up to 32,411 shares for KRW 828.1 million based on the closing price of KRW 25,550 per share as of December 11, 2012. The shares will be repurchased on the stock exchange. The purpose of the program is to exercise the stock option program of the company. A maximum of 11,632 shares can be bought back in a single day. The program will commence from December 13, 2012 and will expire on March 12, 2013. As of December 11, 2012, the company has 358,989 shares under the direct ownership of the treasury shares. Korea Investment & Securities Co., Ltd acted as the broker to the company for the transaction.
UbiVelox Co., Ltd. completed its share repurchase program on March 6, 2013. Under the program, the company has repurchased 32,411 shares for KRW 836.06 million.
UBIVELOX Inc is a Korea-based company that mainly develops and provides system software. The Company operates through three segments. The Black Box and Map Platform Business segment is mainly engaged in the provision and sale of black boxes for vehicles. Additionally, this segment is engaged in the development and provision of navigation. The Smart Card Business segmemt is principally engaged in the development and provision of smart card sales and system construction. The Mobile Business segment is mainly engaged in the provision of My Data service, beacon supply, and mobile platform solutions.
UBIVELOX INC 
