KB Financial Group (KB) to cancel 3,581,623 treasury shares
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
KB Financial Group Inc. plans to cancel 3,581,623 common treasury shares with an estimated book value of KRW 599,999,968,200. The acquisition period for these treasury shares for cancellation ended on July 16, 2026.
The cancellation, based on Article 343-1 of the Commercial Code of Korea, will decrease the total number of issued common shares but will not reduce paid-in capital, as the shares were acquired within profits available for dividends. The cancellation is scheduled for December 23, 2026, subject to consultations with relevant authorities.
Positive
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Negative
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Key Figures
Treasury shares to be cancelled: 3,581,623 shares
Estimated book value of cancelled shares: KRW 599,999,968,200
End date of acquisition period: July 16, 2026
+1 more
4 metrics
Treasury shares to be cancelled
3,581,623 shares
Type and number of common shares designated for cancellation
Estimated book value of cancelled shares
KRW 599,999,968,200
Estimated amount of shares to be cancelled based on book value
End date of acquisition period
July 16, 2026
End date of acquisition of treasury shares for cancellation
Scheduled cancellation date
December 23, 2026
Planned date for cancellation, subject to consultations with authorities
Key Terms
treasury shares, paid-in capital, Commercial Code of Korea, profits available for the payment of dividends
4 terms
paid-in capital financial
"the total number of issued shares (common shares) will decrease, but there will be no reduction in the paid-in capital"
Paid-in capital is the cash and other assets shareholders have given a company in exchange for its stock, including amounts paid above the stock’s nominal value. Investors care because it shows how much funding came directly from owners rather than from borrowing or profits, affecting the company’s financial cushion, ownership dilution and how resilient it may be in tough times — like the extra money people pay above a ticket price to support a project they believe in.
Commercial Code of Korea regulatory
"Legal basis for the cancellation of treasury shares: Article 343-1 of the Commercial Code of Korea."
profits available for the payment of dividends financial
"treasury shares acquired within the limits of profits available for the payment of dividends."