Kakao Corp. KRW 150.0 billion share buyback for full cancellation, 1.2% of shares outstanding
KAI summary · Not investment advice
Kakao Corp. will buy back KRW 150.0 billion of its shares (5,154,639 shares, 1.2% of shares outstanding) and cancel all of them.
Cancellation amount
KRW 150.0 billion
Common shares: 5,154,639
Key facts
- Cancellation ratio
- 1.2%Calculated by HeyHolder: shares to cancel ÷ shares outstanding; based on estimated share count
- Shares to cancel (common)
- 5,154,639 sharesEstimated using the closing price of KRW 29,100 on the day before the board resolution
- Total shares outstanding (common)
- 443,000,510 sharesBefore cancellation
- Acquisition method
- On-market purchase
- Acquisition period
- Nov 6, 2026 – Feb 5, 2027
- Brokerage
- NH Investment & Securities
- Board resolution date
- Nov 5, 2026
Commentary
AI commentary · Not investment advice
What happened
Kakao Corp. decided to buy KRW 150.0 billion of its own shares and then cancel all of them (share cancellation, retiring shares the company holds). It will buy the shares on the stock market (on-market purchase) from November 6, 2026 to February 5, 2027. NH Investment & Securities will handle the purchases.
In the company's terms
The number of shares to be cancelled is 5,154,639. This count was set by dividing the planned amount by KRW 29,100, the closing price on the day before the board meeting. Kakao has 443,000,510 common shares issued in total. The shares to be cancelled are 1.2% of that total (calculated by HeyHolder). The company said only the number of shares falls, and its capital stays the same.
What changes for shareholders
The company plans to cancel all the shares at once after it finishes buying them. The actual number of shares and amount may change as the share price moves. The company said it will report the exact share count later in a corrected filing. Details of the purchase are in the share buyback decision filed the same day.
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