d'Alba Global Terminates Remaining Treasury Trust of 75,627 Shares and Plans Cancellation, Boosting Shareholder Value
d'Alba Global has amended its previous corrected disclosure on treasury stock acquisition trust termination, announcing that the remaining 75,627 shares held under the trust will be fully terminated upon contract expiry and subsequently cancelled.
The trust balance of 16,952,601,263 KRW is fully terminated, and the cancelled shares represent approximately 0.61% of total outstanding shares of 12,484,665.
Out of the 91,334 shares acquired through the trust, only 15,707 shares were previously distributed for executive bonuses, while the remaining 75,627 shares will be cancelled, enhancing shareholder value per share.
The counterparty NH Investment and Securities is a reputable domestic securities firm.
[AI Summary]d'Alba Global's decision to terminate and cancel the remaining treasury trust shares reduces outstanding shares by about 0.6%, a positive development for shareholder value. The cancellation, following the minor dilution for executive compensation, improves capital efficiency.
KOSPI Filing Information
[Correction of Description] Report on Major Matters (Decision to Terminate Trust Agreement for Treasury Share Acquisition)