Knowmerce terminates treasury stock trust contract, completes cancellation of 83,381 shares, enhancing shareholder value
Knowmerce announced the early termination of its 1 billion KRW treasury stock acquisition trust contract with Samsung Securities on July 8, 2026.
The termination is due to the completion of treasury stock acquisition under the trust, and the returned 93,189 shares will be deposited into the company's securities account.
Previously, on July 2, the company cancelled 83,381 shares acquired directly, reducing the total outstanding shares from 11,059,322 and increasing per-share value.
After termination, Knowmerce holds 147,807 treasury shares, and further cancellation plans are pending.
[AI Summary]Knowmerce executed shareholder return policies by terminating the treasury stock trust and cancelling 83,381 shares. The cancellation represents about 0.75% of outstanding shares, a modest but positive step. The credible counterparty Samsung Securities and sound financial condition support the company's capital allocation. Future additional buybacks or cancellations will be a key price catalyst.
KOSDAQ Filing Information
Report on Major Matters (Decision on Termination of Trust Agreement for Acquisition of Treasury Shares)