SK Discovery retires treasury stocks worth 10 billion won ... "Buy additional 20 billion this year"

COMPANY / Reporter Kim Jisun / 2024-03-06 03:39:23
(사진=SK이노베이션 제공)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] SK Discovery will retire its own shares and purchase additional shares in accordance with the mid-term shareholder return plan.

SK Discovery held a board meeting on the 5th and announced that it decided to retire about 10 billion won in treasury shares purchased last year and purchase an additional 20 billion won in treasury shares this year.

The retirement and purchase of treasury stocks is based on SK Discovery's plan to enhance shareholder value announced in July last year. At that time, the company decided to buy and retire treasury stocks worth a total of 60 billion won over three years from 2023 to 2025.

The treasury stock worth 10 billion won, which was to be retired on the same day, was purchased through a trust contract from July 2023, with 252,000 shares. SK Discovery plans to purchase an additional 20 billion won worth of treasury stock through a trust contract method and retire all of it after the trust contract is terminated.

The retirement and the additional purchase amounts to a total of 30 billion won and about 700,000 won at the end of the day, nearly 4 percent of the total number of shares issued.

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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