NICE Information & Telecommunication Decides to Cancel 900,000 Treasury Shares (9% of Outstanding), Enhancing Shareholder Value

Announced cancellation of 900,000 treasury shares (9% of total outstanding common shares) on June 8, 2026. The cancellation amount is approximately 14.72 billion KRW based on average acquisition cost of 16,352 KRW per share (book value).
The cancellation uses shares acquired within distributable profits, reduces outstanding shares from 10 million to 9.1 million without capital reduction, preventing dilution of existing shareholders' equity and boosting earnings per share (EPS).
[AI Summary]This massive share cancellation of 9% of outstanding shares is a strong shareholder return measure, immediately enhancing per-share value and shareholder yield, and is evaluated as a positive catalyst for the stock price.