Enhancing Shareholder Value... Misto Holdings Cancels All Treasury Shares Worth 268.2 Billion Won

Approximately 11.7% of Total Shares Issued
About 46% of Shareholder Return Target Achieved

Misto Holdings announced on December 18 that its board of directors, at a meeting held on the 16th, resolved to cancel all of its treasury shares currently held (worth approximately 268.2 billion won) and to acquire an additional 10 billion won worth of treasury shares.

This cancellation of treasury shares covers all shares held by the company, representing about 11.7% of the total number of shares issued. This marks the largest cancellation of treasury shares since the company’s founding.

This action is part of the company’s previously announced mid- to long-term shareholder return policy, which aims to return 500 billion won to shareholders over three years from 2025 to 2027. It is the second time the company has decided to cancel all of its treasury shares, following a similar move in March last year. The company aims to enhance capital efficiency and substantially improve earnings per share (EPS), thereby strengthening the foundation for intrinsic growth.

The company also plans to acquire an additional 10 billion won worth of treasury shares. Earlier this year, Misto Holdings completed the purchase of treasury shares worth 150 billion won in the first half of the year, followed by a resolution in September to purchase an additional 20 billion won. Including the latest decision, the company has resolved to acquire a total of 180 billion won worth of treasury shares this year.

Last month, the company confirmed a special dividend of 940 won per share, totaling 50.4 billion won, continuing its dividend policy for the fourth consecutive year. Including this, the total shareholder return for this year amounts to 230 billion won. This means the company has achieved 46% of its three-year target of 500 billion won in the first year alone.

Misto Holdings plans to continue implementing a predictable shareholder return policy going forward. Lee Hoyoun, Chief Financial Officer (CFO) of Misto Holdings, stated, "This cancellation of treasury shares is a strategic decision aimed not at short-term stock price support, but at enhancing the company’s long-term growth potential and building shareholder trust," adding, "Based on a solid financial structure and stable cash flow, we will continue to prioritize shareholder value and practice responsible management."

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