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Panorama of Celltrion headquarters. (Photo=Celltrion) |
[Alpha Biz= Reporter Kim Jisun] Celltrion announced on the 17th that it would purchase an additional 436,047 shares worth 75 billion won at the board meeting.
Following the decision to buy back shares worth 75 billion won last month, the company will proceed to buy back shares worth a total of 150 billion won this year. This treasury stock purchase will be acquired through in-house purchase from the 18th.
Along with the purchase of treasury stocks, incineration is also carried out at the same time. The amount of incineration is 1,119,924 shares, which is 10% of the treasury stock, which is about 176.4 billion won.
Celltrion also incinerated 400 billion won, or 20.6 percent of its own shares, in January. Adding this retirement amount, it means incineration of treasury stocks worth 600 billion won this year alone.
The total number of shares issued by Celltrion will fall to 216,929,838 shares following the retirement.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
