Decision on Share Repurchase
Source: RNS
Decision on Share Repurchase
|
1. Number of shares to be repurchased |
Common |
18,000,000 |
||||
|
Other |
- |
|||||
|
2. Value of shares to be repurchased (Korean won) |
Common |
2,500,200,000,000 |
||||
|
Other |
- |
|||||
|
3. Expected repurchase period |
Start date |
January 8, 2026 |
||||
|
End date |
April 7, 2026 |
|||||
|
4. Purpose of repurchase |
To facilitate employee stock-based compensation |
|||||
|
5. Method of repurchase |
Open market |
|||||
|
6. Consignment investment brokers |
Samsung Securities Co., Ltd. Shinhan Securities Co., Ltd. KB Securities Co., Ltd. |
|||||
|
7. Holding status of treasury shares before repurchase |
Repurchase within the allowable distribution profit (shares) |
Common |
91,828,987 |
Ratio (%) |
1.6 |
|
|
Other |
13,603,461 |
Ratio (%) |
1.7 |
|||
|
Other repurchase (shares) |
Common |
- |
Ratio (%) |
- |
||
|
Other |
- |
Ratio (%) |
- |
|||
|
8. Date of board resolution (confirmation date) |
January 7, 2026 |
|||||
|
- Attendance of Independent Directors at the Board of Directors meeting |
Present |
6 |
||||
|
Absent |
- |
|||||
|
- Attendance of auditors who are not Independent Directors |
- |
|||||
|
9. Daily order quantity limit |
Common |
5,746,531 |
||||
|
Other |
- |
|||||
10. Other information to consider:
- Shares denoted as "other" are preferred shares.
- In Item 1 above, number of shares to be purchased was calculated based on the closing price on the day prior to the Board's resolution (January 6, 2026).
(KRW 138,900 per common share)
- The Company plans to acquire treasury shares based on the value of shares to be repurchased in Item 2 above. The actual amount may change depending on future stock price movements.
- With respect to Items 4 above, the Company is repurchasing shares that will be held in treasury for use in stock-based compensation programs, including Performance Stock Units (PSUs; introduced in October 2025) as well as in other programs to incentivize employee performance (e.g., OPI, LTI).
- In Item 8 above, all Audit Committee members are Independent Directors.
- The calculation method for Item 9 above is the smaller of: [③] and [the larger of ① and ②].
① 10% of the number of shares to be repurchased: 1,800,000 common
② 25% of average daily transaction volume over the one month period preceding the date of the board resolution: 5,746,531 common
③ 1% of total number of issued shares: 59,196,379 common
- Limit on the amount of repurchased shares (Korean won)
|
1. Limits to Dividend eligible profit under Commercial Act as of end-2024 |
226,239,016,662,399 |
|
2. Amount of repurchased shares since end-2024 |
8,189,263,404,980 |
|
3. Amount of dividends on profits and reserves for related profits decided at a general meeting of shareholders since end-2024 |
2,454,306,524,450 |
|
4. The interim dividend amount and related profit reserves decided by the board of directors since end-2024 |
7,354,421,579,302 |
|
5. Acquisition cost of the shares in disposing of treasury shares since end-2024 |
343,754,747,955 |
|
Limit on the amount of repurchased shares (1-2-3-4+5) |
208,584,779,901,622 |
* As of the reporting date (January 7, 2026), 'limits to Dividend eligible profit under Commercial Act as of end-2024' in item 1 above has been prepared based on end-2024 financial data as the 2025 financial statements cannot be approved until the shareholders' meeting.
- Holding status of treasury shares before purchase (number of shares)
* on-market direct purchase
|
Stock type |
Initial quantity |
Changes |
End quantity |
||
|
Purchase |
Disposal |
Cancellation |
|||
|
Common |
29,700,000 |
118,314,495 |
6,040,880 |
50,144,628 |
91,828,987 |
|
Other |
4,050,000 |
16,465,497 |
- |
6,912,036 |
13,603,461 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
