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Photo = Celltrion |
[Alpha Biz= Kim Jisun] Celltrion has carried out a large-scale treasury share cancellation, underscoring its commitment to shareholder returns and responsible management.
The company announced on April 1 that the cancellation of 9.11 million treasury shares—approved by its board on March 24—has officially taken effect.
The total value of the cancellation amounts to approximately KRW 1.715 trillion, marking the largest share cancellation in the company’s history. The scale exceeds the combined value of cancellations in 2024 (KRW 701.3 billion) and 2025 (KRW 895.0 billion) and represents roughly 4% of the company’s total outstanding shares.
Celltrion stated that it will immediately proceed with registration of the cancellation on the effective date and complete administrative procedures swiftly to maximize the impact of its shareholder return policy.
The company plans to finalize registration by April 3, apply for a revised listing with the Korea Exchange on April 6, and complete the listing adjustment process by April 13. The timeline may vary depending on administrative processing.
Notably, the cancellation includes 3 million shares previously held for employee stock option compensation. Following the cancellation, Celltrion will retain approximately 3.23 million treasury shares, which it plans to utilize strategically for future growth initiatives such as mergers and acquisitions, technology acquisition and development, and facility investments.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
