NHN completes treasury stock acquisition of 424,174 shares worth 16.7 billion KRW, representing 1.3% of outstanding shares, aiming to enhance shareholder value
NHN acquired 424,174 common shares through KB Securities from May 12 to 29, 2026 at an average price of KRW 39,353 per share, totaling approximately KRW 16.7 billion. The actual spending slightly exceeded the planned amount of KRW 16.7 billion.
This buyback represents about 1.3% of total outstanding shares, increasing NHN's treasury stock holding to 7.18%. Share repurchases can improve earnings per share and support stock price.
CEO Jung Woo-jin and CFO Ahn Hyun-sik filed the report; major shareholder Lee Joon-ho's holding of 9.71 million shares remained unchanged.
[AI Summary]NHN's KRW 16.7 billion share buyback covering 1.3% of outstanding shares is a positive capital allocation enhancing shareholder value through EPS accretion. The execution via KB Securities ensures credibility and supports short-term price stability.