PLANTYNET Decides to Cancel 500,000 Treasury Shares Equivalent to 3.0% of Outstanding Shares, Boosting Shareholder Value
PLANTYNET decided at its board meeting on June 4, 2026 to cancel 500,000 treasury shares already held.
The cancellation is scheduled for June 19, 2026, reducing total outstanding shares to 16,122,320.
The cancellation is within distributable profits and does not affect stated capital.
The cancellation size corresponds to approximately 3.0% of issued shares, leading to an increase in per-share value.
[AI Summary]PLANTYNET's decision to cancel treasury shares, reducing outstanding shares by 3%, is a strong shareholder return policy that directly improves EPS and shareholder value. Using already acquired shares, no additional cash outflow is required, and the move is a positive signal for the current stock price of 1,938 KRW.