KB Financial Group Inc. Retirement of Stocks
Original title (Korean): 주식소각결정
AI Summary
Original filing ↓KB Financial Group Decides to Cancel 5,071,315 Common Shares Worth KRW 320 billion
- KB Financial Group decided to cancel 5,071,315 common shares.
- The planned cancellation amount is KRW 320 billion.
- The planned period for acquiring treasury shares is from Feb 8, 2024 to Aug 7, 2024.
- The acquisition method is open market purchase, and the entrusted securities firm is Samsung Securities.
- The board resolution date is Feb 7, 2024.
Notes The number of shares to be cancelled is calculated based on the closing price of KRW 63,100 on Feb 6, 2024, so the actual number of shares cancelled and the cancellation amount may vary due to future stock price fluctuations. · The exact number of shares will be disclosed through a correction notice prior to cancellation. · All acquired shares will be cancelled after the completion of the treasury share acquisition. · The start date of the planned period for acquiring treasury shares for cancellation is the trust contract date, so the actual start time of purchases may differ from the contract date. · Since the cancellation of treasury shares to be acquired is within the range of distributable profits, the total number of issued shares will decrease, but the capital stock will not decrease.
This summary was generated automatically from the Korean filing and may contain errors. The original Korean filing prevails.
Original filing
The full filing is available in Korean only.
Other English summaries from KB Financial Group
Source: Financial Supervisory Service, Data Analysis, Retrieval and Transfer System (DART), via OpenDART. https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20240207800775
DART receipt no. 20240207800775