Samara 한국어

KB Financial Group Inc. Decision on Entering into Trust Contract for Acquisition of Treasury Stock

Original title (Korean): 주요사항보고서(자기주식취득신탁계약체결결정)

Company
KB Financial Group Inc.
Ticker
KRX:105560
Market
KOSPI
Filing type
Treasury Stock Acquisition
Filing date
Feb 7, 2024
DART receipt no.
20240207000618

AI Summary

Original filing ↓

KB Financial Group Decides to Enter Trust Contract for KRW 320 billion Treasury Stock Acquisition

  • KB Financial Group decided to enter into a trust contract for the acquisition of treasury stock amounting to KRW 320 billion.
  • The contract period is from Feb 8, 2024 to Aug 7, 2024.
  • The scheduled date for entering into the contract is Feb 8, 2024.
  • The contracting institution is Samsung Securities.
  • The purpose of the contract is shareholder return and enhancement of corporate value through the acquisition of treasury stock.

Notes This contract is a new trust contract for the acquisition of treasury stock. · The pre-contract treasury stock holdings include 5,584,514 shares held by the trustee acquired through a trust contract (Aug 1, 2023 to Jul 31, 2024) in 2023. · The '1. Dividendable profit limit under the Commercial Act' among the above amounts was prepared based on the (separate) financial statements as of the end of 2023, which are scheduled to be finalized at the company's regular shareholders' meeting to be held in Mar 2024. · The 'c. Total of capital reserves and profit reserves accumulated up to the previous fiscal year' among the above amounts includes hybrid capital securities and loan loss reserves. · The number of treasury shares includes 5 million treasury shares subject to exchange for exchangeable bonds issued by the company on Jun 30, 2020.

This summary was generated automatically from the Korean filing and may contain errors. The original Korean filing prevails.

Key figures

Amount to acquire (common)KRW 320 billion
Acquisition period startFeb 8, 2024
Acquisition period endAug 7, 2024

Values extracted automatically from the filing’s form tables. Check the original filing for exact details.

Original filing

The full filing is available in Korean only.

Other English summaries from KB Financial Group

DateFiling
Nov 11, 2026[Amendment] Report on Business Performance according to Consolidated Financial Statements (Fair Disclosure) (Subsidiary's material business matters)
AIKB Financial Group Amends Pre-tax Income to KRW 1.73 trillion Due to Fines
Nov 11, 2026[Amendment] Report on Business Performance according to Consolidated Financial Statements (Fair Disclosure) (Subsidiary's material business matters)
AIKB Financial Group Amends KB Securities Q3 Net Income to -KRW 59.13 billion Due to Fine
Nov 11, 2026[Amendment] Report on Business Performance according to Consolidated Financial Statements (Fair Disclosure)
AIKB Financial Group Amends Pre-tax Income to KRW 2.2 trillion Due to Fines
Nov 6, 2026[Amendment] Decision on Issuance of Amortized Contingent Capital Securities
AIKB Financial Group Amends Amortized Contingent Capital Securities Issuance Amount to KRW 300 billion
Oct 29, 2026Decision on Issuance of Bail-in Contingent Capital Securities (Subsidiary's material business matters)
AIKB Kookmin Bank Decides to Issue KRW 340 billion Bail-in Contingent Capital Securities

Source: Financial Supervisory Service, Data Analysis, Retrieval and Transfer System (DART), via OpenDART. https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20240207000618

DART receipt no. 20240207000618