Toebox Korea Decides to Enter Trust Agreement for Treasury Stock Acquisition Worth 2.4 Billion KRW to Enhance Shareholder Value
Toebox Korea disclosed on July 8, 2026 that it has decided to enter into a trust agreement with Samsung Securities for the acquisition of treasury shares worth 2.4 billion KRW to enhance shareholder value.
The contract period runs from July 9, 2026 to April 9, 2027, with an intended acquisition of approximately 1.31 million shares, representing about 12.2% of total issued shares or 14.6% of current market capitalization of 16.4 billion KRW.
The target acquisition price is 1,830 KRW based on the closing price before the board resolution, and actual quantity and price may vary with stock price fluctuations. The company will decide on specific uses including potential cancellation through future board or shareholder meetings.
This decision follows the first-half 2026 acquisition of 480,000 shares and cancellation of 230,000 shares, within the company's distributable profit limit.
[AI Summary]Toebox Korea demonstrates strong shareholder return commitment through a large-scale treasury stock acquisition trust. The planned buyback amounting to approximately 15% of market cap is expected to boost book value per share and support stock price. However, the inclusion of employee compensation in the purpose may reduce actual cancellation. The counterparty Samsung Securities adds credibility.
KOSDAQ Filing Information
Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)