Celltrion Decides to Acquire Additional Treasury Shares Worth 50 Billion KRW... "Enhancing Shareholder Value"

Merger Coordination Underway Considering Financial Markets and Group Company Businesses

Celltrion announced on the 22nd that it has decided to acquire treasury shares worth 50 billion KRW to stabilize its stock price and enhance shareholder value.

Incheon Songdo Celltrion Plant 2 Overview. / Incheon - Photo by Hyunmin Kim kimhyun81@

The total number of treasury shares Celltrion will purchase this time is 314,466 shares, with the acquisition amount estimated at approximately 50 billion KRW based on the previous day's closing price. The treasury share acquisition will be conducted through on-market purchases from the 23rd of this month until September 22.

This treasury share acquisition decision marks Celltrion's third buyback this year, following purchases in February and March. With this additional acquisition, Celltrion will have acquired a total of 971,820 shares (approximately 150 billion KRW) of treasury stock this year alone.

Last year, Celltrion also completed the purchase of a total of 1,555,883 shares (approximately 253.5 billion KRW) of treasury stock. Additionally, the company has implemented policies to return value to shareholders through cash dividends and stock dividends.

A Celltrion representative stated, "This third treasury share acquisition this year reflects our confidence in Celltrion's business growth and efforts to enhance shareholder value. Along with acquiring treasury shares, we will continuously strive to strengthen business competitiveness and preserve corporate value by securing various product pipelines and future growth engines."

Meanwhile, Celltrion is currently coordinating the timing of a merger considering the global financial market and the business progress of group companies. A Celltrion representative said, "We plan to proceed with the treasury share acquisition taking into account the overall situation."

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