Cancellation of 3,029,581 Treasury Shares... 1.96% Reduction in Outstanding Shares Enhances Shareholder Value
LG Corp. decided on May 22, 2026, to cancel 3,029,581 treasury common shares acquired previously
The cancellation represents approximately 1.96% of total outstanding shares (154,221,585), reducing the count to 151,192,004 shares
The cancellation amount is approximately 250 billion won (based on average acquisition cost of 82,520 won per share), funded from distributable profits with no reduction in capital
Scheduled for May 28, 2026, this action increases earnings per share (EPS) and ownership stake for existing shareholders without any capital decrease
As it utilizes already held treasury shares, no additional cash outflow is required, enhancing shareholder returns