Mirae Asset Securities to Buy 10 Million Treasury Shares... 2.1% of Outstanding Shares

Mirae Asset Securities announced on the 18th that it will repurchase 10 million shares of its common stock to enhance shareholder value. This represents approximately 2.1% of the total outstanding shares.

Mirae Asset Securities plans to complete the repurchase on the stock market over three months from the 19th until January 18 of next year. This is part of its shareholder-friendly policy.

Last year, Mirae Asset Securities also spent about 86.7 billion KRW to retire 10 million treasury shares. Including dividends of 123.4 billion KRW, the shareholder return ratio reached 32.9%. Over the past three years, dividends of 441.6 billion KRW and treasury stock repurchases of 663.9 billion KRW (with 411.1 billion KRW retired) were made. The largest shareholder, Mirae Asset Capital, has purchased more than 55 million common shares since 2018.

A representative from Mirae Asset Securities stated, "This treasury stock repurchase reflects the group’s commitment to improving the undervaluation of our stock and protecting shareholder rights. Mirae Asset Securities is currently reviewing a more proactive and continuous shareholder return policy to be applied over the next three years starting in 2024, and we will continue to do our best to grow together with our shareholders."

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