KT&G Announces KRW 360 Billion Share Buyback and Retirement to Enhance Shareholder Value
KT&G (CEO, Kyung-man Bang) announced on Sept. 22 that its Board of Directors approved a share buyback and retirement worth approximately KRW 360 billion to enhance shareholder value. Under the plan, KT&G will purchase approximately 2.07 million shares, equivalent to around 2% of its total issued shares, through open-market transactions starting Sept. 23. All shares acquired under the program will be retired upon completion of the buyback. The decision marks the implementation of the company's previously announced plan in February to buy back and retire more than KRW 300 billion worth of shares. Earlier in April, KT&G retired all of its previously held treasury shares, valued at approximately KRW 1.8 trillion. As a result, the company has already exceeded the share... more
KT&G Announces KRW 360 Billion Share Buyback and Retirement to Enhance Shareholder Value
KT&G (CEO, Kyung-man Bang) announced on Sept. 22 that its Board of Directors approved a share buyback and retirement worth approximately KRW 360 billion to enhance shareholder value. Under the plan, KT&G will purchase approximately 2.07 million shares, equivalent to around 2% of its total issued shares, through open-market transactions starting Sept. 23. All shares acquired under the program will be retired upon completion of the buyback. The decision marks the implementation of the company's previously announced plan in February to buy back and retire more than KRW 300 billion worth of shares. Earlier in April, KT&G retired all of its previously held treasury shares, valued at approximately KRW 1.8 trillion. As a result, the company has already exceeded the share... more
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