Treasury Stock Acquisition Trust Agreement for 362,581 Shares to Enhance Shareholder Value and Stabilize Stock Price
Entered into a trust agreement with NH Investment & Securities for a 5 billion KRW treasury stock acquisition (contract period: June 2, 2026 to December 2, 2026)
Expected shares to be acquired: 362,581 common shares (based on previous day's closing price of 13,790 KRW), representing approximately 2.21% of total outstanding shares (16,393,260)
Including existing treasury shares of 332,905 (2.03%), total holdings after acquisition will increase to 695,486 shares (approximately 4.24%)
Purpose stated as 'shareholder value enhancement and stock price stabilization', supporting downside protection for the stock
Financed within the available limit of 83.79 billion KRW from retained earnings, limiting financial burden
[AI Summary]The 5 billion KRW buyback is a positive signal for shareholder returns, but without a cancellation plan, the EPS improvement effect is limited in the short term. However, the short 6-month contract period may lead to concentrated buying, potentially stabilizing the stock price.
KOSDAQ Filing Information
Filing: Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)