JB Financial Group Terminates Treasury Stock Trust and Plans 45 Billion Won Share Cancellation to Boost Shareholder Value
The 45 billion won treasury stock acquisition trust agreement with Shinhan Securities has been terminated upon expiration.
The company holds 4,225,853 treasury shares or 2.24% of outstanding shares, including 1,731,760 shares acquired under this contract.
After termination, the shares will be deposited into the company's account and then cancelled pursuant to the board resolution on February 5, 2026, amounting to 45 billion won.
The share cancellation is expected to increase earnings per share and shareholder value.
[AI Summary]JB Financial Group announced a plan to cancel treasury shares worth 45 billion won following the trust expiration. This cancellation of about 0.9% of outstanding shares strengthens shareholder return policy and is positive for stock price support. The counterparty Shinhan Securities adds credibility, and the cancellation will improve capital efficiency upon completion.
KOSPI Filing Information
Report on Major Matters (Decision on Termination of Trust Agreement for Acquisition of Treasury Shares)