Kakao Bank plans to cancel 270,000 shares of its stock to increase shareholder value

three line summary

Kakao Bank announced on the 17th that it plans to cancel 270,000 shares of its treasury stock to improve shareholder value.

Kakao Bank plans to prepare a ‘treasury stock holding and disposition plan’ containing specific plans for holding and disposing of its own shares and receive approval at the regular general shareholders’ meeting in 2027.

A Kakao Bank official said, "We will increase shareholder value through the cancellation of treasury shares and use the remaining shares to compensate executives and employees, contributing to the company's continued growth and improvement of corporate value."

532,000 shares of treasury stock... The remaining amount is used to compensate executives and employees.

(Seoul = Yonhap News) Reporter Lee Do-heun = Kakao Bank [323410] announced on the 17th that it plans to cancel 270,000 shares of its treasury stock to improve shareholder value.

As of the end of June, Kakao Bank owns a total of 532,334 shares of treasury stock.

Kakao Bank plans to cancel 270,000 of these shares within the legal deadline and use the remaining 262,334 shares for executive and employee compensation purposes. The number of shares subject to cancellation and disposal may change during future related procedures.

Kakao Bank plans to prepare a ‘treasury stock holding and disposition plan’ containing specific plans for holding and disposing of its own shares and receive approval at the regular general shareholders’ meeting in 2027.

A Kakao Bank official said, "We will increase shareholder value through the cancellation of treasury shares and use the remaining shares to compensate executives and employees, contributing to the company's continued growth and improvement of corporate value."