KidariStudio Terminates Treasury Stock Trust Agreement Worth 3.085 Billion KRW, Plans to Cancel 2.2% of Shares, Boosting Shareholder Value
KidariStudio has decided to terminate its treasury stock acquisition trust agreement with Kiwoom Securities worth 3.085 billion KRW due to full utilization of the contract amount.
As a result, 817,247 common shares representing 2.2% of total outstanding shares will be returned in physical form and deposited into the company's securities account.
The company plans to cancel these treasury shares in due course after considering financial conditions and market environment, which is expected to enhance shareholder value.
[AI Summary]KidariStudio's plan to cancel 2.2% of its treasury shares strengthens shareholder return policy. The completion of a 3.085 billion KRW buyback and planned cancellation is anticipated to support stock price and improve shareholder value, signaling efficient capital management without near-term financial burden.
KOSPI Filing Information
Report on Major Matters (Decision on Termination of Trust Agreement for Acquisition of Treasury Shares)