iM Financial Group Terminates Treasury Stock Trust and Cancels 2.26 Million Shares to Enhance Shareholder Value
iM Financial Group terminated its treasury stock acquisition trust contract with Samsung Securities on June 23, 2026 due to contract expiry. The 2,261,175 common shares held under the trust will be delivered to the company's account and subsequently cancelled in full.
The cancellation follows a board resolution dated February 6, 2026 and represents approximately 1.4% of total outstanding shares, which is expected to enhance book value per share and earnings per share.
[AI Summary]The share cancellation through treasury stock retirement is a positive shareholder return policy that enhances corporate value, and the termination with a credible institution like Samsung Securities implies low governance risk.
KOSPI Filing Information
Report on Major Matters (Decision on Termination of Trust Agreement for Acquisition of Treasury Shares)