Daegu Department Store Decides to Sell 3.86% Treasury Shares Off-Market for Liquidity, Minor Dilution Expected

Daegu Department Store decided on July 16, 2026 to sell 417,458 treasury shares at 5,270 won per share off-market.
This represents 3.86% of total issued shares and aims to secure liquidity. The buyers are Joinus and Baekruta, unrelated to the major shareholder.
The sale price reflects a 5% discount from the previous day's close, and the company expects minimal dilution impact.
Prior to the sale, treasury shares were 16.44% of issued shares; the transaction will generate approximately 2.2 billion won in cash.
[AI Summary]This treasury share disposal is a defensive capital allocation to improve liquidity. With dilution below 4% and a modest 5% discount, shareholder value erosion is limited, but the lack of growth-oriented use of proceeds weakens positive momentum.