BITComputer Announces Treasury Share Buyback of ~222K Shares (KRW 1B) to Stabilize Stock Price and Enhance Shareholder Value
Scale of Buyback: 222,000 common shares (approx. KRW 1 billion), representing about 1.34% of total outstanding shares – a moderate-sized repurchase.
Period: From June 1, 2026 to August 29, 2026 (end date corrected from August 31 to August 29), approximately 3 months, via direct market purchase through IBK Investment & Securities.
Purpose: To stabilize stock price and enhance shareholder value, executed through KOSDAQ market.
Current Treasury Share Holdings: 1,710,036 shares (10.29%) from distributable profits and 26,621 shares (0.16%) from other acquisitions, totaling 1,736,657 shares (approx. 10.45% of outstanding).
Financial Capacity: The remaining limit for treasury share acquisitions is approx. KRW 45.2 billion, sufficient to cover the KRW 1 billion buyback.
AI Comprehensive Analysis: This treasury share buyback, though modest, signals the company's commitment to shareholder returns and may support short-term stock price stability. However, without a large-scale cancellation, the long-term impact on shareholder value is limited.
KOSDAQ Filing Information
Filing: [Correction of Description] Material Change Report (Decision to Acquire Treasury Shares)