PSK Decides to Cancel Treasury Shares Worth 10.4 Billion KRW

[Asia Economy Reporter Myung-hwan Lee] PSK announced on the 4th that it has decided to cancel 281,663 treasury shares previously acquired for the purpose of enhancing shareholder value and trust in the capital market.

The amount to be canceled is 10,435,610,000 KRW, and the scheduled cancellation date is the 11th of this month.

PSK stated, "The treasury shares acquired within the scope of distributable profits will be canceled by a resolution of the board of directors," adding, "There will be no reduction in capital stock."