Com2uS to Buy Back 18 Billion KRW Worth of Treasury Shares ... 120,000 Shares to Be Cancelled Within the Year

Com2uS announced on the 12th that it has signed a trust contract for the repurchase of its own shares worth 18 billion KRW. Additionally, it decided to cancel 128,665 shares, equivalent to 1% of the total issued shares, from the newly repurchased treasury stock within this year.

This is part of the shareholder value enhancement policy announced on the 11th. Com2uS has actively implemented share repurchases and dividends over the past several years and has been considering shareholder return policies.

Starting from 2023, Com2uS will allocate 33% of the average operating cash flow (OCF) over the past three years on a separate basis as resources, and based on this, will carry out ▲ shareholder dividends, ▲ share repurchases, and ▲ cancellation of 50% of the repurchased shares. This policy will be implemented annually until 2025 under the same criteria.

In particular, in 2023, reflecting investment performance and other factors, a total of 60.5 billion KRW was specially allocated for shareholder value enhancement policies. In addition to the 15.5 billion KRW dividends and 11.9 billion KRW share repurchases already conducted this year, an additional 18 billion KRW worth of treasury shares will be repurchased. Among these, 1% of the total issued shares will be canceled, and special quarterly dividends of 15.2 billion KRW will be distributed.

Com2uS stated, "We will continue to actively communicate with shareholders and do our best to maximize shareholder value and achieve mid- to long-term corporate growth through the stable implementation of shareholder return policies."

This content was produced with the assistance of AI translation services.