Cancellation of 1.76M Treasury Shares (5.8% of Outstanding) to Boost Shareholder Value
- Plan to cancel 1,760,115 common shares (approx. 5.79% of total outstanding) on May 28, 2026.
- Cancellation amount: approx. KRW 4.82 billion (based on pre-split price of KRW 1,369 per share).
- Treasury shares acquired from December 19, 2024 to May 7, 2026.
- Total outstanding shares after cancellation remain 30,406,655 (post-split).
- Cancellation of treasury shares acquired within distributable profit, no capital reduction.
- Purpose: enhancement of corporate value and shareholder value.
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KOSPI Filing Information
- Filing: [Correction of Description] Decision on Cancellation of Shares
- Company: Korea Steel (007280)
- Submission: Korea Steel Co., Ltd.
- Receipt: 05-21-2026
- Under KRX KOSPI Market Division