KB Financial Group Inc. Decision on Termination of Trust Contract for Acquisition of Treasury Stock
Original title (Korean): 주요사항보고서(자기주식취득신탁계약해지결정)
AI Summary
Original filing ↓KB Financial Group Decides to Terminate KRW 300 billion Treasury Stock Acquisition Trust Contract
- KB Financial Group decided to terminate a treasury stock acquisition trust contract worth KRW 300 billion.
- The contract is scheduled to be terminated on Jul 31, 2024, due to the expiration of the contract period.
- After termination, the trust assets will be returned in cash and physical shares (treasury stock).
- The 5,584,514 shares acquired under the contract will be deposited into the corporate account and held.
- Since the termination is due to the expiration of the trust contract period, a separate board resolution is not required.
Notes Since the termination is due to the expiration of the trust contract period, a separate board resolution is not required.
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=20240731000479
DART receipt no. 20240731000479