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NHN Headquarters. (Photo: NHN) |
[Alpha Biz= Kim Jisun] NHN announced on May 11 that it will directly repurchase 431,525 shares of its treasury stock on the open market from May 12 through August 11.
The total value of the buyback amounts to KRW 16.7 billion, and the company plans to retire all acquired shares.
NHN stated that the buyback is part of its three-year shareholder return policy announced in August last year. Under the plan, the company allocates 15% of its consolidated EBITDA from the previous year as a source for shareholder returns, which is then used for cash dividends and share repurchases.
In particular, NHN noted that it will maintain annual cash dividends at or above the previous year’s dividend per share. In addition, in line with revisions to the Commercial Act, the company plans to immediately retire more than 50% of newly acquired treasury shares within the same fiscal year starting from 2026, in order to maximize shareholder value.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
