KT Corporation, a leading Korean telecommunications company, has announced a share repurchase program aimed at increasing shareholder value. The program, which will run until August 13, 2025, involves the repurchase of up to KRW 250 billion worth of the company's shares.
Key Highlights:
- Share repurchase program worth up to KRW 250 billion
- Program aims to acquire treasury shares for cancellation to increase shareholder value
- Repurchase will be conducted through a contract with Shinhan Investment Securities
- Program will expire on August 13, 2025
- As of February 12, 2025, the company had 6,188,739 treasury shares within scope available for dividend
The share repurchase program is expected to enhance shareholder value by reducing the number of outstanding shares and increasing the company's earnings per share. KT Corporation's commitment to returning value to its shareholders demonstrates its confidence in its financial position and its focus on delivering long-term value to its investors.
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