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Image courtesy of Mirae Asset Securities |
[Alpha Biz= Paul Lee] Mirae Asset Securities announced on November 27 that it has completed the share repurchase program previously disclosed at the end of August and plans to cancel the acquired treasury shares on December 5.
According to the company’s regulatory filing, Mirae Asset Securities repurchased KRW 72.15 billion worth of common shares and KRW 7.93 billion worth of Class 2 preferred shares during the period. The repurchased shares—3,236,740 common shares and 821,518 Class 2 preferred shares—will be retired on December 5.
The cancellation will be conducted using distributable profits, meaning the company’s capital stock will remain unchanged.
This initiative is part of the company’s three-year mid- to long-term shareholder return program, effective through 2026. Under this plan, the firm has committed to retiring at least 15 million common shares and 1 million Class 2 preferred shares annually.
Mirae Asset Securities also announced a longer-term objective to cancel more than 100 million shares, combining both common and preferred classes, by 2030. As of the end of last year, approximately 27.5 million shares had already been cancelled.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
