W Games Decides to Acquire Treasury Shares Worth 35 Billion KRW

Shareholder Return Rate Reaches 80% of Separate Net Profit

On July 9, global social casino game company W Games announced through a disclosure to the Financial Supervisory Service that it will acquire treasury shares worth 35 billion KRW.

W Games CI. Provided by W Games

Through a trust agreement, the company will purchase shares on the open market from this month until January next year.

This is one of the key execution plans of the mid- to long-term shareholder return roadmap announced last year, and W Games will accelerate the buyback and cancellation of treasury shares through next year.

Last year, along with establishing the roadmap, W Games introduced a dividend policy linked to consolidated EBITDA.

In March of this year, the company confirmed a record-high dividend of 23.8 billion KRW. With the additional 35 billion KRW treasury share buyback, the total shareholder return reached 58.8 billion KRW, which is approximately 80% of the company’s separate net profit. The company is planning to cancel treasury shares in the fourth quarter of this year, which is expected to further increase the shareholder return rate.

A W Games representative stated, "This treasury share acquisition is significant as it further enhances shareholder value and strengthens market confidence," adding, "We will continue to faithfully implement our long-term shareholder return roadmap based on stable cash flow."

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