KTIS : Decision on Entering into Trust Contract for Acquisition of Treasury Stock
July 06, 2022 at 07:24 am IST
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Decision on Entering into Trust Contract for Acquisition of Treasury Stock
1. Contract amount (KRW)
5,000,000,000
2. Contract period
Start date
2022-07-01
End date
2022-12-31
3. Purpose of contract
To stabilize share price and enhance shareholder value
4. Counterparty (trust company)
KB Securities Co., Ltd.
5. Scheduled contract date
2022-07-01
6. Treasury stock holdings before contract
Acquisition within profits available for dividends (shrs.)
Common stock
2,350,081
Ratio (%)
6.75
Different classes of stocks
-
Ratio (%)
-
Acquisition for other reasons (shrs.)
Common stock
-
Ratio (%)
-
Different classes of stocks
-
Ratio (%)
-
7. Date of board resolution (decision date)
2022-06-30
- Attendance of outside directors
Present (No.)
3
Absent (No.)
0
- Attendance of auditors (members of Audit Committee who are not outside directors)
-
8. Entrusted brokerage company
KB Securities Co., Ltd.
9. Other matters to be factored into investment decisions
Not applicable
【Limit to Acquiring Treasury Stocks】
Category
Amount (KRW)
1. Limit to "profits available for dividends" in the Commercial Act as of the immediately preceding business year end
ⓐ. Net assets
191,742,293,580
ⓑ. Amount of capital
17,401,000,000
ⓒ. Total amount of capital reserve and earned surplus reserves accumulated up to preceding business year
15,253,727,224
ⓓ. Unrealized gain as prescribed by Presidential Decree
522,310,828
Sub total (ⓐ-ⓑ-ⓒ-ⓓ)
158,565,255,528
2. Acquired amount of treasury stock after previous fiscal year end
-
3. Amount of 'dividends' and related 'earned profit reserve' decided at annual general meeting of shareholders after previous fiscal year end
3,569,711,090
4. Amount of 'interim/quarterly dividends' and related 'earned profit reserves' decided by board of directors after previous fiscal year end
-
5. Amount of trust contract
-
6. Acquisition cost of treasury stock sold after previous fiscal year end (moving average method)
-
Limit to acquisition of treasury stock (1-2-3-4-5+6)
154,995,544,438
【Holding Amount of Treasury Stock before Decision to Enter into Trust Contract】
(in shrs.)
Methods of acquisition
Type of stocks
Beginning balance
Change
Closing balance
Remarks
Acquisition (+)
Disposal (-)
Share retirement (-)
Amount of stocks acquired within profits available for dividends
Direct acquisition
Direct acquisition in exchange
Common stock
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Direct acquisition in OTC
Common stock
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Tender offer
Common stock
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Sub total (a)
Common stock
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Acquisition by trust contract
Number of stocks indirectly held through trust contracts
Common stock
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Number of stocks directly held
Common stock
2,350,081
-
-
-
2,350,081
-
Different classes of stocks
-
-
-
-
-
-
Sub total (b)
Common stock
2,350,081
-
-
-
2,350,081
-
Different classes of stocks
-
-
-
-
-
-
Amount of stocks acquired for other reasons (c)
Common stock
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Total (a+b+c)
Common stock
2,350,081
-
-
-
2,350,081
-
Different classes of stocks
-
-
-
-
-
-
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Disclaimer
Ktis Corporation published this content on 06 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2022 01:53:05 UTC.
ktis Corporation, formerly ktis corporation, is a company mainly providing telephone guidance services. Along with subsidiaries, the Company operates its business through three segments. The Contact Center Business segment is engaged in the operation of contact centers including KT customer center, 114 number guidance and others, and the dispatch business of personnel. The Advertising Service Product Sale Business segment is involved in the provision of number guidance services and the sale of KT advertising products. The Telecom Distribution Business segment is engaged in the off line retail of KT's fixed and wireless products and the operation of online distribution channels, the provision of customer contact services at KT, the business of telecom wire resale and the sale of KT products through corporations.