Share Cancellation
SAI summary · Not investment advice
Shinhan Financial Group decided to retire 5,263,157 common shares worth KRW 450 billion, to be bought on the market.
Cancellation amount
KRW 450.0 billion
Key facts
- Acquisition method
- On-market purchase
- Cancellation date
- All acquired shares to be retired after the treasury share acquisition is completedNo fixed date; all acquired shares to be retired after acquisition is completed
- Board resolution date
- Oct 27, 2026
Commentary
AI commentary · Not investment advice
What happened
Shin Han Financial Group decided at its board meeting on October 27, 2026 to cancel 5,263,157 common shares. The planned amount is KRW 450.0 billion. The company will first acquire treasury shares through on-market purchases and then cancel all of them. The acquisition period runs from 2026.10.28 to 2027.01.26.
In the company's terms
Relative to the company, the planned amount is 1.1% of market capitalization. Total common shares issued stand at 469,450,239. The company filed 2 disclosures of the same type over the past year, the earlier ones dated 2026.07.23 and 2026.02.05.
What changes for shareholders
For shareholders, the acquisition window is set from 2026.10.28 to 2027.01.26, and all treasury shares acquired are to be cancelled once the acquisition is complete.
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