KT Decides to Cancel Treasury Shares Worth 178.9 Billion KRW

KT announced on the 9th that it has decided to cancel 5,143,300 shares out of its treasury stock (4.41%).

This accounts for approximately 2% of the total issued shares, and the cancellation is scheduled for the 24th.

In October of last year, KT announced a mid-term shareholder return policy, revealing plans for cash dividends and treasury stock repurchases and cancellations over three years starting from fiscal year 2023, using 50% of the adjusted net income on a separate basis as the funding source.

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