Knowmerce Signs 1 Billion KRW Treasury Stock Trust Agreement with Samsung Securities to Stabilize Stock Price and Enhance Shareholder Value
Knowmerce decided on June 24, 2026, through a board resolution, to enter into a 1 billion KRW treasury stock acquisition trust agreement with Samsung Securities as trustee.
The trust period runs from June 25 to December 31, 2026, with the stated purpose of stabilizing stock price and enhancing shareholder value.
The company plans to acquire up to 99,900 shares at a price of 10,010 KRW per share, representing approximately 0.9% of total outstanding shares.
Knowmerce already holds 137,999 shares or 1.2% of outstanding shares from previous buybacks, bringing the expected total holding to 2.1% after this trust.
Samsung Securities is a major domestic brokerage with high credibility, so counterparty risk is low.
[AI Summary]Knowmerce's small-scale share buyback signals a commitment to stock price stability, but the acquisition size of only 0.9% of outstanding shares limits its actual impact on shareholder value. However, the credible counterparty reduces execution risk, and further shareholder return policies may be needed.
KOSDAQ Filing Information
Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)