UNID btplus Enters 7.5 Billion Won Trust Agreement for Treasury Share Acquisition, Plans Full Cancellation to Enhance Shareholder Value
UNID btplus has entered into a 7.5 billion won trust agreement with Samsung Securities to acquire and cancel treasury shares aimed at stabilizing stock price and enhancing shareholder value.
The company plans to purchase approximately 3.3 million shares representing about 31% of outstanding shares and subsequently cancel all acquired shares, effectively returning capital to shareholders.
The number of shares to be acquired is calculated based on the contract amount divided by the reference price of 2,270 won, and actual acquisitions may vary with market price fluctuations.
The contract amount is well within the dividendable profit limit of approximately 30.2 billion won from the previous fiscal year, indicating sufficient financial capacity.
[AI Summary]UNID btplus announced a 7.5 billion won treasury share acquisition and full cancellation, boosting shareholder value. The cancellation of about 31% of outstanding shares is expected to enhance EPS and support stock price. The transaction with Samsung Securities carries low governance risk and is supported by ample retained earnings.
KOSPI Filing Information
Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)