BuybackJul 24, 2026, 06:11 AM
Woori Financial Group to cancel 4.85M treasury shares
AI Summary
Woori Financial Group Inc.'s board of directors resolved to cancel 4,854,368 shares of its common stock. This cancellation, estimated at KRW 150 billion, will be conducted within the limits of profits available for dividends, meaning there will be no reduction in paid-in capital, though the total number of shares issued will decrease. The acquisition of treasury shares for cancellation is scheduled from July 24, 2026, to January 22, 2027.
Key Highlights
- Board resolved to cancel 4,854,368 shares of common stock.
- Total number of common shares issued before cancellation was 728,089,682.
- Par value per share is KRW 5,000.
- Estimated amount of shares to be cancelled is KRW 150,000,000,000.
- Scheduled acquisition period for treasury shares is July 24, 2026, to January 22, 2027.
- Cancellation is in accordance with Article 343, Paragraph 1 of the Korean Commercial Code.
- No reduction in paid-in capital, but total number of shares issued will decrease.
Price Impact
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