iM Financial Group Decides to Cancel 2.26 Million Treasury Shares Worth 40 Billion KRW, Reducing Outstanding Shares by 1.41% to Enhance Shareholder Value
iM Financial Group will cancel 2,261,175 common shares on June 29, 2026, representing approximately 1.41% of total outstanding shares, with a cancellation amount of about 40 billion KRW.
This cancellation follows a board resolution on February 6, 2026, and the termination of a treasury stock acquisition trust agreement with Samsung Securities on June 23, 2026, resulting in the full cancellation of acquired shares.
The shares were acquired within distributable profits, so there is no capital reduction; only the total number of shares decreases, increasing book value per share and earnings per share.
The share cancellation is part of a shareholder return policy, and future additional cancellations or dividend increases will be key variables for the stock price.
[AI Summary]iM Financial Group's cancellation of 1.41% of its shares worth 40 billion KRW is expected to improve EPS and BPS. The counterparty Samsung Securities adds credibility, but the small scale limits short-term price impact. Future shareholder return policies will be critical for value revaluation.
KOSPI Filing Information
[Correction of Description] Decision on Cancellation of Shares