NK Co., Ltd. Signs 3 Billion Won Treasury Share Acquisition Trust... "Enhancing Shareholder Value"
NK Co., Ltd. has signed a trust contract for the acquisition of treasury shares worth 3 billion won to enhance shareholder value.
According to NK Co., Ltd. on July 13, this contract is the second of its kind, following the previous trust contract for the acquisition of treasury shares of the same size (3 billion won), which was signed in December 2024 and operated for six months. The contract period is six months, from today until January 12, 2027, and the contracting institution is Korea Investment & Securities.
A treasury share acquisition trust allows the company to flexibly purchase its own shares in accordance with market conditions through a trust contract. The company's repeated use of this method institutionalizes share buybacks as a regular means of shareholder returns, rather than as a one-off event. In particular, as it provides a substantial demand base that supports the stock price on the downside, a positive assessment from the market is expected.
Since the beginning of this year, NK Co., Ltd. has taken a series of actions to enhance shareholder value. In April, the company canceled 4.7 million previously acquired treasury shares, and last month completed the listing of new shares following a 10-to-1 reverse stock split, thereby normalizing key per-share indicators such as earnings per share and net asset value per share, which had been diluted due to the excessive number of shares in circulation. With the addition of this new trust contract, the shareholder return policy—comprising treasury share cancellation, reverse stock split, and share buybacks—has become even more pronounced.
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An NK Co., Ltd. official stated, "This trust contract for the acquisition of treasury shares demonstrates the company's unwavering commitment to enhancing shareholder value by executing another share buyback, following last year. Along with the treasury share cancellation and reverse stock split implemented this year, we will continue to practice responsible management that shares results with shareholders without wavering."
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