Hurum Plans to Acquire and Cancel 384,615 Shares (4.88%) Worth 1 Billion KRW, Boosting EPS

Hurum plans to acquire approximately 384,615 shares (about 4.88% of total outstanding shares) worth 1 billion KRW through open market purchases from June 2 to August 31, 2026
All acquired shares are scheduled to be canceled within one year after completion, aiming to enhance shareholder returns and corporate value
The acquisition amount of 1 billion KRW is within the distributable profit limit of approximately 7.16 billion KRW as of the end of the previous fiscal year, limiting financing burden
Current treasury share ratio is only 0.01%, but this buyback and cancellation will reduce outstanding shares by about 4.88%, boosting EPS and shareholder value
[AI Summary]Hurum's decision to buy back and cancel 1 billion KRW worth of shares, reducing outstanding shares by about 4.88%, is a positive move that enhances per-share value and is funded within distributable profits, likely serving as a catalyst for the stock price