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 320 billion Trust Contract for Treasury Stock Acquisition
- KB Financial Group decided to terminate a trust contract for treasury stock acquisition worth KRW 320 billion.
- The termination is scheduled due to the expiration of the contract period.
- After termination, the trust assets are scheduled to be returned in cash and in-kind (treasury shares).
- The 4,398,135 shares acquired after contract termination are scheduled to be held in the corporate account.
- The pre-termination treasury stock holding status is 24,245,382 common shares (6.01%).
Notes As the termination is due to the expiration of the trust contract period, a separate board resolution is not required. · The disposal of 5,000,000 shares was confirmed as the target treasury shares for exchangeable bonds upon exercise of the exchange rights.
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=20240807000277
DART receipt no. 20240807000277