Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Celltrion announced its decision to retire 1,119,924 treasury common shares (book value of approximately KRW 176.5B) to stabilize its stock price and enhance shareholder value, scheduled for April 26, 2024.
📊 [Key Disclosure Details & Financial Highlights]
- Retirement Details & Purpose
- Type and Number of Shares to be Retired: Common Stock 1,119,924 shares
- Estimated Amount of Retirement: KRW 176,470,904,376 (Based on book value)
- Method of Acquisition: Previously acquired treasury shares
- Purpose of Retirement: Stock price stabilization and enhancement of shareholder value
- Scheduled Retirement Date: April 26, 2024
- Total Issued Shares & Par Value
- Total Number of Issued Shares: Common Stock 218,049,762 shares
- Par Value per Share: KRW 1,000
- Board Resolution Details
- Board Resolution Date: April 17, 2024
- Outside Director Attendance: 7 attended / 1 absent
- Other Important Matters
- Pursuant to the proviso of Article 343, Paragraph 1 of the Commercial Code, this share retirement cancels treasury shares acquired within dividend limits via board resolution, resulting in a reduction in total issued shares without capital reduction.
- The estimated retirement amount represents the accounting book value calculated based on the average acquisition price per share (KRW 157,574) as of the board resolution date.
- This disclosure serves in lieu of a treasury share disposition disclosure.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Share Retirement Execution and Subsequent Change Listing Disclosure
This disclosure details Celltrion’s decision to cancel previously acquired treasury shares using distributable earnings. Monitoring whether the share cancellation is completed as scheduled (April 26, 2024) and followed by a change in listing disclosure reflecting the reduced total share count is key. Detailed updates can be verified in subsequent disclosures and upcoming periodic reports (Quarterly, Half-Yearly, or Annual Reports).
📢 Disclaimer & Source Notice
Source: This content has been newly structured and created based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
Investment Risk Warning: This content is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest solely with the investor.
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