New Kids On Enters Treasury Share Acquisition Trust Contract of KRW 1.5B... Expected Cancellation of 480,000 Shares Boosts Shareholder Value
On May 28, 2026, New Kids On decided to enter into a trust contract for treasury share acquisition worth KRW 1.5 billion. The contract period is from May 28 to September 28, 2026, with Korea Investment & Securities as trustee.
The planned acquisition is approximately 480,000 common shares at a base price of KRW 3,125 per share (closing price on May 27), representing about 5.86% of total outstanding shares.
The purpose is share price stabilization and enhancing shareholder value. The acquired shares are planned to be cancelled after the trust contract ends. Cancellation will reduce outstanding shares, potentially increasing EPS and shareholder value.
[AI Comprehensive Analysis]This treasury share acquisition and cancellation plan is a positive signal for enterprise value, especially as a large-scale buyback exceeding 5% is likely to strongly support the stock price. However, actual cancellation takes time and may vary with market conditions, so investors should monitor the execution.
KOSDAQ Filing Information
Filing: Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)