BLUEMTEC CO., LTD. Cancellation of 468,541 treasury shares, 1.4% of shares outstanding
BAI summary · Not investment advice
BLUEMTEC CO., LTD. will cancel 468,541 treasury shares (KRW 1.0 billion, 1.4% of shares outstanding) on November 13, 2026.
Cancellation amount
KRW 1.0 billion
Common shares: 468,541 · based on current book value as of the filing date
Key facts
- Cancellation ratio
- 1.4%Calculated by HeyHolder: shares to cancel ÷ shares outstanding
- Shares to cancel (common)
- 468,541 shares
- Cancellation date
- Nov 13, 2026May change after consultation with relevant authorities
- Total shares outstanding (common)
- 33,846,547 sharesBefore cancellation
- Acquisition method
- Treasury shares already acquired
- Acquisition period
- Jun 4, 2026 – Nov 3, 2026
- Brokerage
- NH INVESTMENT & SECURITIES CO.,LTD
- Board resolution date
- Nov 4, 2026
- Shares outstanding after cancellation
- 33,378,006 sharesAfter cancellation
Commentary
AI commentary · Not investment advice
What happened
BLUEMTEC CO., LTD. decided to cancel 468,541 treasury shares (shares the company had already bought back and holds). The cancellation amount is KRW 1.0 billion. It is based on the current book value of the shares as of the filing date. The company bought the shares through a trust contract to buy back shares, where a brokerage buys them on its behalf. The planned buyback period through NH INVESTMENT & SECURITIES CO.,LTD ran from June 4, 2026 to November 3, 2026.
In the company's terms
Before the cancellation, total shares outstanding (all shares the company has issued) are 33,846,547 common shares. The shares to be cancelled equal 1.4% of that, calculated by HeyHolder. After the cancellation, shares outstanding will become 33,378,006. 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 November 13, 2026. The date may change after consultation with the relevant authorities. The company said more details on the trust contract are in its earlier filing on terminating the trust contract.
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