WebCash Signs 3 Billion KRW Treasury Stock Acquisition Trust Agreement with NH Investment & Securities for Share Cancellation to Enhance Shareholder Value
WebCash has decided to enter into a treasury stock acquisition trust agreement with NH Investment & Securities for 3 billion KRW, as resolved by the board of directors on June 25, 2026.
The purpose is to stabilize stock price and enhance shareholder value by acquiring 513,698 common shares and subsequently canceling all of them. The expected acquisition price is 5,840 KRW per share.
The acquisition represents approximately 3.96% of total outstanding shares. Combined with existing treasury shares, the total holding would be around 7.0%, and the cancellation is expected to increase earnings per share.
[AI Summary]WebCash's decision to acquire and cancel treasury shares is a positive signal for shareholder return policy. It reduces shares outstanding, supporting stock price stability and shareholder value. The partnership with NH Investment & Securities ensures low execution risk. However, the use of cash for buyback rather than growth investment is neutral for long-term growth prospects.
KOSDAQ Filing Information
Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)