Decision to Cancel 142 Treasury Shares... Minor Legal Compliance with Negligible Impact on Shareholder Value
kt alpha resolved to cancel 142 common treasury shares on June 12, 2026.
The cancellation covers 83 shares acquired from appraisal rights in a 2021 merger and 59 fractional shares from a new stock issuance, fulfilling legal obligations.
Post-cancellation, total outstanding shares decrease from 49,019,283 to 49,019,141, a reduction of 0.0003%.
The cancellation amount is approximately 1,158,169 KRW (about 8,156 KRW per share) based on book value, executed within distributable profits without reducing capital.
Given the negligible number of shares, the impact on shareholder value is minimal.