Mirae Asset Securities Decides to Acquire and Cancel 300 Billion KRW Worth of Treasury Shares to Boost Shareholder Value

Mirae Asset Securities announced on June 17, 2026 a board resolution to acquire 3,898,635 common shares worth approximately 200 billion KRW and 7,090,936 preferred shares worth about 100 billion KRW, totaling 300 billion KRW in treasury share purchases.
The acquisition period runs from June 18 to September 17, 2026, through open market purchases, and all acquired shares will be cancelled thereafter to enhance shareholder value.
The common share acquisition represents about 0.7% of total outstanding shares, a relatively small cancellation relative to a market cap of approximately 28.9 trillion KRW.
Prior to this, Mirae Asset Securities already held significant treasury shares including 12.8 million common shares within distributable profit limits. This additional cancellation is expected to improve earnings per share and return on equity.
[AI Summary]Mirae Asset Securities' decision to acquire and cancel treasury shares is a positive signal of capital efficiency and shareholder return policy. However, the size is modest relative to market cap, limiting short-term price impact. Sustained cancellations could enhance per-share value over the long term.