VT to Cancel 1.52 Million Shares, 4.4% of Issued Shares... "Enhancing Shareholder Value"

Comprehensive beauty company VT Cosmetics (VT) will cancel all of its treasury shares, valued at approximately KRW 19.8 billion. The shares represent 4.4% of its total issued shares. The company plans to enhance shareholder value by canceling both treasury shares recently acquired on the market and those it already held.

VT said in a disclosure on October 8 that it had decided to cancel its treasury shares. The cancellation is scheduled for October 20. A total of 1,525,358 treasury shares will be canceled, equivalent to approximately 4.4% of the shares currently issued. Once the cancellation is complete, the total number of issued shares will fall to 33,416,480.

The cancellation covers all treasury shares held by VT. Specifically, it includes treasury shares worth approximately KRW 15 billion acquired through open-market purchases from August 14 to October 6, as well as treasury shares worth approximately KRW 4.8 billion acquired before December 31, 2025. The total value of the shares to be canceled is approximately KRW 19.8 billion.

VT plans to reduce the number of shares in circulation and enhance shareholder value through the cancellation. The company emphasized its commitment to returning value to shareholders, particularly by deciding to cancel all of its treasury shares, including those it already held, as well as the shares it had newly acquired.

A VT representative said, "This cancellation is part of our ongoing efforts to enhance shareholder value. We will continue to actively consider and implement measures to increase shareholder value."

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