(Share buyback in accordance with the Articles of Incorporation
pursuant to Article 165(2) of the Companies Act)
NEXON Co., Ltd. ("Nexon") today made an announcement that its Board of Directors had approved a share buyback program, pursuant to Article 156, as replaced and applied mutatis mutandis pursuant to the provision of Article 165(3), of the Companies Act of Japan, with the following details:
Purpose of share buyback program:
To improve capital efficiency and to implement flexible capital management policy
Details of share buyback program:
(1)
Class of shares:
Ordinary shares of Nexon
(2)
Total number of shares to
15,000,000 shares (at maximum)
be acquired:
(1.8% of the total number of shares outstanding
excluding treasury shares)
(3)
Total acquisition cost:
JPY 30 billion (at maximum)
(4)
Acquisition period:
May 15, 2024 to July 19, 2024
(5)
Acquisition method:
Purchase at market on the Tokyo Stock Exchange
(Reference) Status of treasury shares as of April 30, 2024
Number of outstanding shares excluding
treasury shares:
840,530,116 shares
Number of treasury shares:
- shares
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Nexon Co. Ltd. published this content on
14 May 2024 and is solely responsible for the information contained therein. Distributed by
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14 May 2024 06:16:36 UTC.
NEXON Co, Ltd. is specialized in the development and publishing of interactive video games. The group offers games (MapleStory, Dungeon&Fighter, FIFA ONLINE 4, etc.) for PCs (70.9% of net sales) and mobile devices (28.4%; smartphones, tablets, etc.).
Net sales are distributed geographically as follows: Japan (1.8%), Korea (91.1%), North America (5.4%), China (1.1%) and others (0.6%).
NEXON CO., LTD. 
