Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Celltrion has decided to cancel 589,276 treasury common shares (valued at approx. KRW 98.6B) to stabilize stock prices and enhance shareholder value, with a scheduled cancellation date of May 21, 2025.
📊 [Key Disclosure Details & Financial Summary]
- Disclosure Title: Decision on Cancellation of Shares
- Class and Number of Shares to be Canceled: 589,276 common shares
- Total Number of Issued Shares: 223,015,234 common shares
- Par Value per Share: KRW 1,000
- Estimated Total Cancellation Amount: KRW 98,568,196,520 (approx. KRW 98.6B / based on average acquisition cost of KRW 167,270 per share)
- Acquisition Method of Shares to be Canceled: Previously acquired treasury shares
- Scheduled Cancellation Date: May 21, 2025
- Purpose of Cancellation: Share price stabilization and enhancement of shareholder value
- Board Resolution Date: May 12, 2025 (8 outside directors present)
- Key Notes:
- Canceled out of dividend-available profits under Article 343, Paragraph 1 of the Commercial Act; reduces total issued share count without decreasing capital stock
- This disclosure substitutes for a treasury share disposal disclosure
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Cancellation Execution on Scheduled Date (May 21, 2025) and Subsequent Modification of Listing
This disclosure details Celltrion’s decision to retire 589,276 treasury shares to enhance shareholder value, making it important to confirm the execution of the cancellation on the scheduled date of May 21, 2025. Tracking the retirement ensures verification of the reduced total issued share count. Updated share counts following cancellation can be verified through future ‘Modification of Listing (Share Cancellation)’ disclosures or upcoming periodic filings (Quarterly, Half-Yearly, or Annual Business Reports).
📢 Disclaimer & Source Information
Source: This content was newly generated and structured based on official data submitted to the Data Analysis, Retrieval and Transfer System (DART) of the Financial Supervisory Service.
Investment Risk Notice: This information is provided for informational and linguistic 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 solely with the investor.
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