BOLAK Enters 1.5 Billion KRW Treasury Share Trust Agreement to Cancel Approx. 2.8% of Outstanding Shares, Enhancing Shareholder Value
BOLAK announced on July 6, 2026 that its board resolved to enter a treasury share acquisition trust agreement with Samsung Securities for a contract amount of 1.5 billion KRW.
The agreement runs from July 6, 2026 to January 5, 2027, targeting to acquire approximately 1,689,189 shares, representing about 2.82% of total outstanding shares at the current price of 888 KRW per share.
All acquired shares are planned to be cancelled, which will reduce the total share count and potentially increase earnings per share, thus benefiting shareholders.
The counterparty, Samsung Securities, is a reputable domestic brokerage, indicating low counterparty risk.
[AI Summary]BOLAK's decision to acquire and cancel treasury shares, amounting to about 2.8% of outstanding shares, strengthens its shareholder return policy. This move is expected to provide short-term stock price stabilization and reflects efficient use of surplus cash.
KOSPI Filing Information
Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)