MGAME completes treasury stock acquisition of 2.24% of outstanding shares, spending approximately 1.99 billion KRW
MGAME acquired 430,000 treasury shares through Mirae Asset Securities from May 19 to June 22, 2026, spending approximately 1.99 billion KRW.
The acquisition used 99.5% of the planned 2 billion KRW budget. Due to stock price fluctuations, the company acquired 18,900 more shares than the planned 411,100 shares.
The acquired shares represent 2.24% of total outstanding shares of 19,202,574, with an average purchase price of 4,630 KRW per share. This price is above the current market price of 3,990 KRW, which may pose a short-term risk.
The buyback reduces outstanding shares, potentially boosting earnings per share and shareholder value.
[AI Summary]MGAME's treasury stock acquisition corresponding to 2.24% of outstanding shares is positive for shareholder value. However, the average acquisition price is 16% above the current market price, which may pressure the stock price in the near term. The transaction was conducted through a reputable counterparty, Mirae Asset Securities, indicating low governance risk.