NK Enters 3 Billion KRW Treasury Stock Acquisition Trust Contract - Aims to Enhance Shareholder Value, Represents 5.3% of Outstanding Shares
On July 13, 2026, NK's board of directors resolved to enter into a 3 billion KRW treasury stock acquisition trust contract with Korea Investment & Securities.
The contract runs until January 12, 2027, targeting the acquisition of up to 394,736 shares at 7,600 KRW per share, representing approximately 5.32% of total outstanding shares of 7,418,074. The purpose is stock price stabilization and shareholder value enhancement.
NK has been actively pursuing shareholder return policies, having cancelled about 4.7 million treasury shares on April 15, 2026, and executed a 10:1 reverse stock split on April 30.
Prior to this contract, NK held 473,441 treasury shares, and additional purchases through this trust are expected.
[AI Summary]NK's 3 billion KRW treasury stock acquisition trust is a large-scale shareholder return measure amounting to 5.3% of outstanding shares, positive for stock price stability and shareholder value. Following recent share cancellations and a reverse split, this additional buyback aims to enhance per-share value. The use of a credible institution like Korea Investment & Securities lowers transaction risk, and the funding within distributable profits ensures minimal financial burden.
KOSPI Filing Information
Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)