BuybackJul 23, 2026, 06:16 AM
KB Financial to cancel 3.99M treasury shares worth KRW 700B
AI Summary
KB Financial Group Inc.'s board of directors resolved to cancel 3,997,715 common shares, with an estimated value of KRW 700 billion. These shares will be acquired as treasury shares between July 24, 2026, and December 16, 2026, through purchases on the stock exchange. The cancellation will reduce the total number of issued shares but will not impact the company's paid-in capital, as it will be funded from profits available for dividends. The actual number of shares cancelled may vary based on market price fluctuations during the acquisition period.
Key Highlights
- Board resolved to cancel 3,997,715 common shares.
- Estimated value of shares to be cancelled is KRW 700,000,000,000.
- Treasury shares will be acquired from July 24, 2026, to December 16, 2026.
- Acquisition will be via purchase on the stock exchange.
- Total issued common shares are 354,687,734.
- Cancellation will not reduce paid-in capital, funded from profits available for dividends.
Price Impact
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