Madup Decides to Acquire 210,000 Treasury Shares to Enhance Shareholder Value
Madup has decided to acquire 210,000 common shares approximately 1.56 billion KRW worth of treasury shares through open market purchases on the KOSDAQ from July 9 to September 20, 2026, as resolved by the board.
The purpose is to enhance shareholder value and provide stock compensation for employees, with the planned shares representing about 1.12% of total outstanding shares.
The daily purchase limit is 187,468 shares equivalent to 1% of total outstanding shares, and the entrusted brokerage is Mirae Asset Securities.
[AI Summary]Madup's small-scale share buyback is positive as part of shareholder return policy, but the lack of a stated holding period may limit its impact to short-term price support. The financial burden is minimal and executed within stable distributable profits, posing no threat to financial soundness.
KOSDAQ Filing Information
Report on Major Matters (Decision on Acquisition of Treasury Shares)