Celltrion Decides to Purchase Additional 100 Billion KRW of Treasury Shares

Celltrion Purchases 350 Billion KRW in Treasury Shares This Year Alone

Celltrion announced on the 3rd that, following its decision to cancel treasury shares the previous day, it has decided to purchase additional treasury shares worth 100 billion KRW today.

This is the third treasury share purchase by Celltrion this year. Including the treasury shares acquired since the beginning of the year, the total amount reaches 350 billion KRW to date. The treasury shares to be purchased this time amount to 589,276 shares, approximately worth 100 billion KRW. The acquisition of treasury shares is scheduled to be conducted through on-market purchases starting from the 4th.

The company is actively engaging not only in purchasing treasury shares but also in their cancellation. Including the treasury shares cancellation decided on the 2nd of this month, the total amount of treasury shares canceled or in the process of cancellation this year exceeds 800 billion KRW. When a company not only purchases treasury shares but also cancels them, it reduces the total number of issued shares, thereby increasing the value per share. Therefore, the combination of treasury share purchase and cancellation is regarded as a representative shareholder-friendly policy.

Last year, Celltrion also actively enhanced shareholder value by completing treasury share acquisitions worth approximately 436 billion KRW and treasury share cancellations exceeding 700 billion KRW.

Going forward, depending on unstable domestic and international market conditions, if the company’s value continues to be undervalued, Celltrion plans to actively implement shareholder-friendly policies within feasible limits, such as additional treasury share purchases and cancellations and dividend expansions, to protect shareholders' interests.

This movement by the company reflects its commitment to fulfilling the promise made to shareholders to "prioritize and practice enhancing shareholder value." A Celltrion representative stated, "Following last year, we are actively combining treasury share purchases and cancellations as part of enhancing shareholder value and mutual growth this year as well. Despite growing domestic and international uncertainties, Celltrion will continue steady growth while making every effort to enhance the interests and value for our shareholders."

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