Decision on Share Repurchase
Source: RNS
Decision on Share Repurchase
|
1. Number of shares to be repurchased |
Common |
37,000,000 |
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|
Other |
- |
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|
2. Value of shares to be repurchased (Korean won) |
Common |
7,174,300,000,000 |
||||
|
Other |
- |
|||||
|
3. Expected repurchase period |
Start date |
March 19, 2026 |
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|
End date |
June 18, 2026 |
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|
4. Expected holding period |
Start date |
- |
||||
|
End date |
- |
|||||
|
5. Purpose of repurchase |
To facilitate employee stock-based compensation |
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|
6. Method of repurchase |
Open market |
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|
7. Consignment investment brokers |
Samsung Securities Co., Ltd. Shinhan Securities Co., Ltd. KB Securities Co., Ltd. |
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|
8. Holding status of treasury shares before repurchase |
Repurchase within the allowable distribution profit (shares) |
Common |
120,813,769 |
Ratio (%) |
2.0 |
|
|
Other |
13,603,461 |
Ratio (%) |
1.7 |
|||
|
Other repurchase (shares) |
Common |
- |
Ratio (%) |
- |
||
|
Other |
- |
Ratio (%) |
- |
|||
|
9. Date of board resolution (confirmation date) |
March 18, 2026 |
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|
- Attendance of Independent Directors at the Board of Directors meeting |
Present |
5 |
||||
|
Absent |
- |
|||||
|
- Attendance of auditors who are not Independent Directors |
- |
|||||
|
10. Daily order quantity limit |
Common |
8,656,922 |
||||
|
Other |
- |
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11. 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 (March 17, 2026).
(KRW 193,900 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 and Items 5 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 9 above, all Audit Committee members are Independent Directors.
- The calculation method for Item 10 above is the smaller of: [③] and [the larger of ① and ②].
① 10% of the number of shares to be repurchased: 3,700,000 common
② 25% of average daily transaction volume over the one month period preceding the date of the board resolution: 8,656,922 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-2025 |
243,066,826,669,885 |
|
2. Amount of repurchased shares since end-2025 |
6,073,607,225,640 |
|
3. Amount of dividends on profits and reserves for related profits decided at a general meeting of shareholders since end-2025 |
3,753,484,329,311 |
|
4. The interim dividend amount and related profit reserves decided by the board of directors since end-2025 |
- |
|
5. Acquisition cost of the shares in disposing of treasury shares since end-2025 |
826,550,373,780 |
|
Limit on the amount of repurchased shares (1-2-3-4+5) |
234,066,285,488,714 |
- In Item 1 above, 'Limits to Dividend eligible profit under Commercial Act as of end-2025' is based on the 2025 financial statements approved at the general meeting of shareholders as of the report submission date (March 18, 2026)
-In Item 2 above, 'Amount of repurchased shares since end-2025' represents the book value, including related fees and expenses
- 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 |
91,828,987 |
36,793,671 |
7,808,889 |
- |
120,813,769 |
|
Other |
13,603,461 |
- |
- |
- |
13,603,461 |
* The 'Initial quantity' represents the number of shares held on as of January 1, 2026, the first day of the fiscal year in which the disclosure document was prepared; and the 'End quantity' refers to the number of shares held on March 18, 2026, the day the disclosure document was prepared.
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