KOREA ZINC INC Cancellation of 246,665 treasury shares, 1.2% of shares outstanding
KAI summary · Not investment advice
KOREA ZINC INC will cancel 246,665 treasury shares (KRW 214.4 billion, 1.2% of shares outstanding) on January 13, 2027.
Cancellation amount
KRW 214.4 billion
Common shares: 246,665 · based on the closing price of KRW 869,000 on the day before the board resolution
Key facts
- Cancellation ratio
- 1.2%Calculated by HeyHolder: shares to cancel ÷ shares outstanding
- Shares to cancel (common)
- 246,665 sharesPart of the 479,737 treasury shares the board decided to cancel on 2026.07.21
- Cancellation date
- Jan 13, 2027
- Total shares outstanding (common)
- 20,872,969 sharesBefore cancellation
- Acquisition method
- Treasury shares already acquired
- Board resolution date
- Nov 4, 2026
- Shares outstanding after cancellation
- 20,626,304 sharesAfter cancellation
Commentary
AI commentary · Not investment advice
What happened
KOREA ZINC INC decided to cancel 246,665 treasury shares (shares the company had already bought back and holds). The cancellation amount is KRW 214.4 billion. It was calculated using the closing price of KRW 869,000 on the day before the board resolution. This cancellation is part of a plan the board set on July 21, 2026. At that time, it decided to cancel this many of the 479,737 treasury shares it held.
In the company's terms
Before the cancellation, total shares outstanding (all shares the company has issued) are 20,872,969 common shares. The shares to be cancelled equal 1.2% of that, calculated by HeyHolder. After the cancellation, shares outstanding will become 20,626,304. The company said the shares were bought within its distributable profit, so its share capital will not decrease.
What changes for shareholders
The cancellation is scheduled for January 13, 2027. The company said more details are in the treasury share report attached to its half-year report.
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