KT Corporation plans small treasury share acquisition
KT Corporation approved the acquisition of an estimated 3,532 treasury shares for the recovery of previously granted long-term incentive shares.
Rhea-AI Filing Summary
KT Corporation approved the acquisition of an estimated 3,532 treasury shares for the recovery of previously granted long-term incentive shares. The estimated total acquisition amount is KRW 186,136,400, calculated using the closing market price on the trading day immediately preceding the board resolution.
The acquisition may take place from July 15, 2026 to October 14, 2026 through over-the-counter transactions. KT Corporation states that, because this relates to the cancellation of stock-based compensation, no actual cash expenditure will be incurred. Treasury shares before this decision totaled 13,889,877 shares, or 5.51% of total outstanding shares.
The maximum number of shares that may be purchased per day is 105,332 shares, calculated in accordance with the Regulations on Issuance and Disclosure of Securities. The Audit Committee is composed entirely of outside directors, and the board resolution was adopted on July 14, 2026.
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Key Figures
Key Terms
stock-based compensation financial
Audit Committee regulatory
average daily trading volume financial
Regulations on Issuance and Disclosure of Securities regulatory
FAQ
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What corporate governance details did KT (KT) disclose about this decision?
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