Celltrion Decides to Acquire 50 Billion KRW Worth of Treasury Shares... Fourth Time This Year

Share Buyback of 200 Billion Won Scale This Year Alone

Celltrion announced on the 5th that it has decided to purchase additional treasury shares 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 decided to purchase this time is 333,556 shares, with an estimated acquisition amount of approximately 50 billion KRW. The treasury share acquisition will be conducted through on-market purchases starting from the 6th. With this additional purchase, Celltrion will have acquired a total of 1,305,376 treasury shares worth about 200 billion KRW this year alone.

Previously, Celltrion decided to buy back treasury shares in February, March, and June as well. On the 30th of last month, it completed its third treasury share purchase of the year within six business days. Celltrion plans to proceed with this treasury share acquisition as quickly as possible.

Celltrion’s consecutive treasury share purchases are due to continued undervaluation of its market value. A Celltrion representative explained, "Despite concrete achievements such as recent consecutive submissions for approval of next-generation biosimilar product lines in major overseas countries, we judged that the company’s market value continues to be undervalued due to market uncertainties." He added, "We decided to purchase additional treasury shares to stabilize the stock price and enhance shareholder value."

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

A Celltrion representative stated, "With confidence in business growth and efforts to enhance shareholder value, we have proceeded with additional treasury share purchases following last month." He added, "Along with acquiring treasury shares, we will continuously strive to strengthen business competitiveness by expanding our pipeline and securing future growth engines."

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