Mirae Asset Securities Announces 300 Billion Won Share Buyback and Cancellation to Enhance Shareholder Value
Mirae Asset Securities decided on June 17, 2026 to acquire 300 billion won worth of treasury shares via open market purchase. The plan includes 3,898,635 common shares and 7,090,936 preferred shares, to be bought from June 18 to September 17, 2026.
All acquired shares will be cancelled upon completion, reducing common shares by about 0.7% of total outstanding. This is expected to improve earnings per share and return on equity.
Prior to acquisition, the company held treasury shares of 2.29% within distributable profit limits and 19.21% from other sources, totaling 21.5% of common shares.
The decision aims to address undervaluation and strengthen shareholder returns, supported by sound financials and strong governance.
[AI Summary]The share buyback and cancellation by Mirae Asset Securities signals commitment to shareholder returns, but at about 1% of market cap the short-term price impact is limited. Capital deployed for buybacks rather than growth investments leads to a neutral long-term growth outlook. Strong governance and financial stability mitigate risks.
KOSPI Filing Information
[Correction of Description] Material Change Report (Decision to Acquire Treasury Shares)