InfoBank Enters 1 Billion KRW Treasury Share Acquisition Trust Agreement to Stabilize Stock Price and Enhance Shareholder Value
InfoBank decided on June 11, 2026, to enter a treasury share acquisition trust agreement with IBK Securities worth 1 billion KRW.
The agreement runs from June 12 to December 11, 2026, with an expected acquisition of 368,324 shares, representing approximately 4.2% of total outstanding shares.
The purpose is to stabilize the stock price and enhance investment value, adding to the existing 347,717 treasury shares (4.0%).
Prior to the trust agreement, InfoBank held 347,717 shares within distributable profit limits, and the total treasury share ratio is expected to rise to about 8.2% after the acquisition.
[AI Summary]InfoBank's share buyback amounting to 4.2% of outstanding shares is positive for existing shareholder value. The transaction is conducted through a credible institution, IBK Securities, and is expected to provide short-term price stability. However, the use of funds for stock price management rather than growth investments is neutral for growth prospects.
KOSDAQ Filing Information
Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)