Economy · 3 sources combined
Kakao to buy back 150 billion won
of own shares, then retire all
D-90 Deadline February 5 · Expected completion date of treasury stock repurchase
In short
Kakao decided to purchase 150 billion won worth of its own stock and retire all of it.
This is a measure to appease shareholders after the stock price fell following the spin-off.
Upon announcement, Kakao's stock price rose significantly in early trading on the 5th.
Key facts
| When | The company will repurchase treasury stock on the market from November 6 to February 5, 2027. |
|---|---|
| Who | Kakao held a board meeting on the 5th and decided to repurchase and retire treasury stock. |
| What | 5.154639 million common shares, worth approximately 150 billion won based on the previous day's closing price. |
| How | The company will repurchase through NH Investment & Securities and retire all shares to reduce outstanding shares. |
What it means for me
Readers who own Kakao stock can expect an increase in per-share value as the number of outstanding shares decreases.
