TPC Signs 2 Billion Won Treasury Stock Acquisition Trust Agreement, Aiming to Stabilize Stock Price and Enhance Shareholder Value (Approx. 1.17M Shares, 10.4% of Outstanding)
On June 1, 2026, TPC Co., Ltd. resolved to enter into a 2 billion KRW (2,000,000,000 won) treasury stock acquisition trust agreement with NH Investment & Securities. The contract period is one year (from June 1, 2026 to June 1, 2027), aimed at stabilizing stock price and enhancing shareholder value.
The planned acquisition is up to 1,170,960 common shares, representing approximately 10.4% of total outstanding shares (11,276,679). The acquisition price per share is 1,708 won (based on the closing price on May 29, 2026, the day before the board meeting), but actual quantity and price may vary with stock price fluctuations.
Before this trust agreement, TPC held no treasury shares. After acquisition, the shares will be held until the trust termination and then cancelled. The company has sufficient retained earnings capacity of approximately 44.9 billion won (44,909,250,487 won) for such acquisitions.
[AI Summary]This 2 billion won treasury stock acquisition plan, amounting to about 10.4% of outstanding shares, is a substantial shareholder return policy that is expected to positively impact stock price stability and shareholder value. However, since the actual purchase will be conducted in the open market via a trust, it is subject to market conditions and final cancellation will take time; investors should be aware of these factors.
KOSDAQ Filing Information
Filing: Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)