KidariStudio Enters into 3 Billion KRW Treasury Stock Acquisition Trust Contract to Enhance Shareholder Value and Compensate Employees
KidariStudio resolved at a board meeting on June 24, 2026 to enter into a trust contract with Kiwoom Securities for the acquisition of treasury shares worth 3 billion KRW. The contract period is from June 24 to December 24, 2026, aimed at enhancing shareholder value and compensating employees. The expected acquisition shares are approximately 1.05 million shares, about 2.8% of total outstanding shares. The acquisition price is 2,855 KRW based on the closing price on the day prior.
This acquisition will reduce outstanding shares by about 2.8%, potentially increasing per-share value. The shares will be used for cancellation or employee compensation. The company's distributable profit limit is approximately 60.2 billion KRW, ensuring the transaction is within financial stability.
[AI Summary]KidariStudio's treasury stock acquisition of 3 billion KRW signals a commitment to shareholder value, with a potential 2.8% reduction in shares. While positive for short-term stock price, the use for employee compensation may lead to future dilution. The counterparty Kiwoom Securities is credible, reducing governance risk.
KOSPI Filing Information
Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)