Kiwoom Securities to Acquire 350,000 Treasury Shares Newly

by Oh Yukyo

Published 14 Aug.2024 18:03(KST)

From August 16 to November 15
Approximately 44.59 billion KRW worth of treasury shares repurchased
Scheduled to be canceled by March next year along with existing treasury shares

Kiwoom Securities announced on the 14th that it plans to newly acquire 350,000 treasury shares.

Kiwoom Securities to Acquire 350,000 Treasury Shares Newly

According to Kiwoom Securities, it plans to acquire 350,000 shares (approximately KRW 44.59 billion) on the market from the 16th of this month to November 15th. Including the 700,000 treasury shares already held, the company intends to cancel them by March next year. However, the actual acquisition amount may vary depending on future stock price fluctuations.

The 1.05 million shares scheduled for cancellation correspond to 4.1% of the total issued shares. Kiwoom Securities is the first listed company to make a value-up disclosure.

Kiwoom Securities to Acquire 350,000 Treasury Shares Newly

From August 16 to November 15Approximately 44.59 billion KRW worth of treasury shares repurchasedScheduled to be canceled by March next year along with existing treasury shares

From August 16 to November 15
Approximately 44.59 billion KRW worth of treasury shares repurchased
Scheduled to be canceled by March next year along with existing treasury shares