Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
The company decided to permanently cancel (retire) 1,302,059 treasury shares it previously held, valued at approximately KRW 130.28B. As this is a retirement funded by profits available for dividends, there is no reduction in capital stock.
📊 [Key Disclosure Contents & Summary of Major Figures]
- Type and Number of Shares to be Retired: 1,302,059 common shares (1.35% of total issued shares)
- Total Number of Issued Shares: 96,614,259 common shares
- Par Value per Share: KRW 100
- Estimated Retirement Amount: KRW 130,280,292,620 (Based on book value of target shares)
- Acquisition Method of Target Shares: Treasury shares already held
- Scheduled Date of Retirement: May 29, 2025 (Subject to change upon consultation with relevant agencies)
- Board Resolution Date: May 19, 2025 (1 Outside Director attended, Auditor attended)
- Purpose of Treasury Stock Retirement: Enhancing shareholder value
- Other Material Details:
- Retirement based on the proviso of Article 343, Paragraph 1 of the Commercial Code
- Retirement of treasury shares acquired through profits available for dividends; no reduction in capital stock
- Related Disclosure: February 13, 2025 Fair Disclosure (Matters Related to Timely Disclosure Obligations)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Execution of Retirement Schedule and Official Completion
This disclosure covers the decision to retire existing treasury shares, making it important to track whether the process is completed without delay by the scheduled date of May 29, 2025. Verifying that the retirement procedure is carried out and results in an actual reduction in total issued shares is essential to confirm the execution of the decision. Relevant updates can be verified in subsequent modified listing disclosures or regular quarterly, half-year, and annual business reports.
📢 Legal Disclaimer & Source Notice
Source: This content was structured and newly generated based on official filing data from the Financial Supervisory Service DART system.
Investment Risk Warning: This content is provided strictly for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any specific stock. All investment decisions and financial responsibilities rest entirely with the investor.
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