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Bullboard - Stock Discussion Forum KT ADR Rep 1/2 Ord Shs KT

KT Corp is a Korea-based company that mainly provides telecommunication services. The Company operates its business through four segments. The Information and Communications Technologies segment is engaged in providing telecommunication services to individual, home, corporate customers and the convergence business. The Finance segment is engaged in providing financial services, such as credit... see more

NYSE:KT - Post Discussion

KT ADR Rep 1/2 Ord Shs > Resumes Share Repurchase Program
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Post by ukboard on Dec 05, 2005 6:09pm

Resumes Share Repurchase Program

Katy Industries, Inc. Resumes Share Repurchase Program 12/5/2005 MIDDLEBURY, Conn., Dec 05, 2005 /PRNewswire-FirstCall via COMTEX/ -- Katy Industries, Inc. (NYSE: KT) today announced that it has resumed its $5.0 million share repurchase plan, which the company previously suspended in May 2004. From the inception of the plan in April 2003 until the May 2004 suspension, Katy has purchased 494,800 shares of common stock on the open market for approximately $2.6 million. "We believe that the repurchase of our shares is an appealing investment at current share prices and a sensible use of the company's resources," said Anthony T. Castor III, Katy Industries' President and Chief Executive Officer.
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