KB Financial Group Inc. Decision on Entering into Trust Contract for Acquisition of Treasury Stock
Original title (Korean): 주요사항보고서(자기주식취득신탁계약체결결정)
AI Summary
Original filing ↓KB Financial Group Decides to Enter KRW 400 billion Treasury Stock Acquisition Trust Contract
- KB Financial Group decided to enter into a treasury stock acquisition trust contract worth KRW 400 billion.
- The contract period is from Aug 26, 2024 to Mar 4, 2025.
- The scheduled contract signing date is Aug 26, 2024.
- The contracting institution is Samsung Securities.
- The purpose of the contract is shareholder return and enhancement of corporate value through treasury stock acquisition.
Notes This contract is a new treasury stock acquisition trust contract. · The pre-contract treasury stock holdings include trustee-held shares acquired through trust contracts in 2023 and 2024. · The '1. Dividendable profit limit under the Commercial Act' amount is based on the 2023 fiscal year-end results. · The 'III. Total of capital reserves and profit reserves accumulated up to the previous fiscal year' amount includes hybrid capital securities and loan loss reserves. · The monetary units stated above are in KRW.
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 400 billion |
|---|---|
| Acquisition period start | Aug 26, 2024 |
| Acquisition period end | Mar 4, 2025 |
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
Source: Financial Supervisory Service, Data Analysis, Retrieval and Transfer System (DART), via OpenDART. https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20240723000179
DART receipt no. 20240723000179