S-Energy Retires All 860,000 Treasury Shares... "Enhancing Shareholder Value and Strengthening Corporate Value"

S-Energy, a comprehensive energy solutions company, is enhancing its corporate value by retiring all of its treasury shares as part of its shareholder return policy.

On July 6, S-Energy announced that it had decided to retire all 860,275 shares of treasury stock it held in order to enhance shareholder value and restore shareholder confidence.

The company stated that this retirement of treasury shares is intended not only to reduce the number of shares in circulation but also to improve per-share indicators such as earnings per share (EPS), ensuring that the company’s intrinsic value and growth potential are properly recognized in the market. Through this, S-Energy aims to actively participate in the corporate value enhancement policy.

Earlier, in March, S-Energy successfully completed a paid-in capital increase worth approximately 11.8 billion won, strengthening its financial soundness. At that time, the largest shareholder acquired a significant portion of the new shares, demonstrating a commitment to responsible management. Now, by retiring all treasury shares as part of its shareholder return policy, the company is sending a message of confidence in its future growth and business competitiveness to the market.

This retirement of treasury shares will be carried out through an earnings-based cancellation method, utilizing distributable profits without reducing capital. As a result, the company expects to maintain a stable financial structure while increasing the actual equity value for shareholders by reducing the number of shares in circulation.

The company is also continuing its growth on the business front. In May, S-Energy signed a memorandum of understanding (MOU) to supply 20 megawatts (MW) of heterojunction (HJT) solar modules to the Middle East and is currently implementing the first phase, a 3 MW project. Additional supplies are also being pursued.

Furthermore, last month, the company was selected as the lead institution for a national project to develop high-durability offshore solar modules worth 12.9 billion won, further solidifying its technological competitiveness.

An S-Energy official said, "Based on the assessment that the company's intrinsic value and future growth potential are not fully appreciated by the current market, we have decided to retire all of our treasury shares," adding, "We will continue to enhance shareholder value, backed by strengthened financial stability and a growth momentum in our core business."

The official continued, "We will also strive to reward our shareholders' trust through both global market expansion and solid internal growth moving forward."

This complete retirement of treasury shares is seen as a reaffirmation of S-Energy’s confidence in its business growth, as it pursues an active shareholder return policy based on financial stability.

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