WAPS Decides on 1 Billion KRW Treasury Stock Trust Agreement for Share Cancellation to Boost Shareholder Value
WAPS announced on July 13, 2026, that its board resolved to enter a 1 billion KRW treasury stock trust agreement with Korea Investment & Securities for stock price stabilization and shareholder value enhancement.
The contract runs from July 14, 2026 to January 14, 2027, aiming to acquire approximately 977,517 shares at 1,023 KRW per share based on the prior trading day's close, representing about 6.8% of total outstanding shares.
The acquired treasury shares will be cancelled after the trust contract ends. WAPS currently holds no treasury shares, and the acquisition is within the dividend-available limit of 17.1 billion KRW.
[AI Summary]WAPS announced a large-scale buyback and cancellation plan covering 6.8% of outstanding shares. The 1 billion KRW acquisition sends a positive signal to the market, and cancellation is expected to boost per-share value. Although the trust agreement is a procedural step, the use of ample dividend-available capacity strengthens shareholder returns.
KOSDAQ Filing Information
Major Report (Decision on Entering into a Trust Contract for Acquisition of Treasury Shares)