Celltrion to Acquire Shares Worth 270 Billion Won

Celltrion announced that it will implement measures to enhance shareholder value and strengthen responsible management in line with the completion of its stock split procedure.

The company made this announcement on June 5 through a letter to shareholders posted on its website. The total amount allocated for share purchases and acquisitions is 270 billion won, consisting of 100 billion won for treasury share repurchases, 70 billion won for employee stock ownership purchases, and 100 billion won for Celltrion Holdings share acquisitions.

The repurchase of treasury shares will begin on June 8, following the record date for the allocation of new shares from the stock split. Purchases for the employee stock ownership program, aimed at encouraging responsible management participation by executives and employees, will start on June 5. Acquisition of Celltrion Holdings shares will be carried out sequentially from June 18, in accordance with the Capital Markets Act and its Enforcement Decree.

Celltrion stated, "Currently, our main businesses and key initiatives are showing positive trends compared to the plans set at the beginning of the year, and the foreign exchange environment is also contributing positively to profitability." The company added, "We will continue to review and implement additional measures to enhance shareholder value, taking into account market conditions."

This content was produced with the assistance of AI translation services.