APR Acquires and Cancels 30 Billion KRW of Treasury Shares to "Enhance Shareholder Value"

APR is set to acquire treasury shares worth 30 billion KRW to enhance shareholder value. The company explained that due to increased market volatility amid recent domestic and international political and economic changes, it aims to protect shareholder value through the share buyback.

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APR announced on the 4th that it has decided to repurchase treasury shares worth 30 billion KRW. According to the disclosure, APR has signed a trust contract for the acquisition of treasury shares worth 30 billion KRW with NH Investment & Securities as the trustee. Under this contract, NH Investment & Securities is scheduled to acquire APR’s treasury shares by August 3. The shares acquired through the trust contract are planned to be strategically canceled.

This is APR’s third treasury share buyback since May last year. At that time, three executives, including CEO Kim Byung-hoon, expressed their commitment to responsible management by executing a share buyback. In June last year, the company announced a decision to acquire treasury shares worth a total of 60 billion KRW. The shares acquired then were fully canceled on the 8th of last month.

APR explained that this treasury share buyback decision is part of its corporate value-up efforts and a policy to increase shareholder value. In the '2024-2026 Shareholder Return Policy' announced last year, APR stated that over three years it would conduct share buybacks and cancellations including cash dividends, with the scale amounting to at least 25% of the adjusted consolidated net income each year.

The company added that confidence in its performance and future growth drivers was also a background factor in the decision to acquire treasury shares. Currently, APR is standing out in the global market as a comprehensive beauty company with two main pillars: cosmetics and beauty devices. Its cosmetics, centered on bestsellers like the 'Zero Pore Pad,' are increasing their influence, while its beauty devices have achieved cumulative global sales of 3 million units.

An APR official stated, "The company has high confidence in its long-term growth potential, considering its continuously growing performance and expanding global market influence, regardless of short-term volatility. We will continue to steadily pursue related policies to maximize shareholder value."

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