MHETHANOL Decides to Acquire and Fully Cancel 100,000 Treasury Shares Worth 371M KRW to Stabilize Stock Price and Enhance Shareholder Value
Treasury Share Acquisition Decision: MHETHANOL will directly purchase 100,000 common shares (approx. 371 million KRW) on the KOSPI market from June 2 to September 1, 2026. The purpose is to stabilize the stock price and enhance shareholder value.
Full Cancellation Plan: All acquired shares will be canceled after completion. This will reduce total outstanding shares from 7,378,526 to 7,278,526, a decrease of about 1.36%, preventing dilution and boosting EPS.
Existing Treasury Shares: The company already holds 970,000 treasury shares (13.1% ownership). After the transaction, the treasury share count will remain unchanged at 970,000.
Purchase Limits and Funding: Daily purchase limit is 10,000 shares. The acquisition amount is within the distributable profit limit of approximately 56.2 billion KRW as of the end of the previous fiscal year.
[AI Summary]This disclosure signals a positive shareholder return policy through share buyback and cancellation, aiming to stabilize the stock price and enhance shareholder value. Although the scale is modest (1.36% of outstanding shares), the move supports EPS growth and long-term trust.
KOSPI Filing Information
Filing: Report on Major Matters (Decision on Acquisition of Treasury Shares)