Celltrion to Buy Back 100 Billion Won in Treasury Shares, Reaffirms "Top Priority on Shareholder Value"

492,611 Shares to Be Repurchased on the Open Market Starting April 23

Celltrion announced on April 22 that its board of directors has decided to purchase approximately 100 billion won worth of treasury shares.

The company plans to acquire a total of 492,611 shares, worth about 100 billion won, on the open market starting April 23. The move aims to address the partial revaluation of its corporate value caused by external uncertainties such as the Middle East war and to enhance shareholder value.

This decision comes less than ten days after Celltrion completed a treasury share cancellation worth about 1.8 trillion won on April 13. Earlier this month, Celltrion canceled 9.11 million treasury shares, which represented approximately 4% of its total outstanding shares. According to the company, this additional buyback is part of the “additional shareholder return measures in response to market conditions” outlined in the value enhancement (Value-Up) plan announced in March.

Last year, Celltrion achieved a shareholder return rate of about 103% through treasury share cancellation and cash dividends. The company stated that this figure is more than double the three-year average target of 40% set in its value enhancement plan.

The company cited its confidence in performance growth as the basis for this shareholder return policy. Last year, Celltrion recorded consolidated sales of 4.1625 trillion won and operating profit of 1.1685 trillion won. This year, Celltrion is aiming to achieve record-high sales and operating profit again, and plans to continue its growth trajectory by expanding its biosimilar portfolio, accelerating new drug development, and growing its contract manufacturing organization (CMO) business.

A Celltrion official stated, “The decision to proceed with a treasury share buyback immediately following a large-scale share cancellation demonstrates the company’s unwavering commitment to prioritizing shareholder value, even amid ongoing external uncertainties such as the Middle East war.” The official added, “We will continue to create a virtuous cycle of corporate value increase and shareholder benefit through robust performance growth and proactive shareholder return policies.”

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