Huvitz terminates treasury stock acquisition trust, 326,136 shares returned to account, no further cancellation plan
Huvitz decided to terminate its treasury stock acquisition trust agreement signed on August 4, 2025, with a contract value of 3 billion KRW
The termination is due to completion of acquisition; 326,136 shares (2.99% of post-cancellation outstanding shares of 10,877,895) will be returned from the trustee and deposited into the company's securities account
Previously, on May 28, 2026, the company cancelled 607,968 treasury shares (5.29% of prior outstanding), reducing total outstanding shares from 11,485,863 to 10,877,895
No specific holding period is planned; any future disposal or additional cancellation will be decided by the board based on financial conditions and market environment
[AI Summary]This trust termination is a routine procedural step following the completion of a planned treasury stock acquisition and has no immediate impact on shareholder value. While the earlier cancellation of 607,968 shares is positive, the 326,136 shares returned could pose dilution risk if sold in the future, so investors should monitor the company's future disposal plans.
KOSDAQ Filing Information
Filing: Report on Major Matters (Decision on Termination of Trust Agreement for Acquisition of Treasury Shares)