BuybackJul 16, 2026, 06:07 AM
KB Financial Group to Cancel 3.58M Treasury Shares
AI Summary
KB Financial Group Inc. provided an update on its resolution to cancel treasury shares, originally disclosed in April 2026. The company plans to cancel 3,581,623 common shares, valued at approximately KRW 599.99 billion, with the acquisition period ending July 16, 2026. The scheduled cancellation date is December 23, 2026, which may be subject to change based on consultations with relevant authorities. This action will decrease the total number of issued shares without reducing paid-in capital.
Key Highlights
- Cancellation of 3,581,623 common shares.
- Estimated value of shares to be cancelled is KRW 599,999,968,200.
- Acquisition of treasury shares for cancellation ended on July 16, 2026.
- Scheduled cancellation date is December 23, 2026.
- Cancellation is based on Article 343-1 of the Commercial Code of Korea.
- Total issued shares will decrease, but paid-in capital will not be reduced.
- Scheduled cancellation date is subject to change based on consultations with relevant authorities.
Price Impact
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