NHN Proceeds with Treasury Stock Cancellation Worth 47 Billion KRW

NHN announced on the 23rd that it will cancel treasury shares worth a total of 47 billion KRW based on book value.

In August last year, NHN announced a special treasury share cancellation plan to cancel 10% of the total issued shares over three years until 2024. In the same month, it carried out a cancellation of 1,500,717 treasury shares, equivalent to 4% of the total issued shares, amounting to 74.8 billion KRW based on book value.

NHN, embarking on its second treasury share cancellation, plans to cancel 1,080,516 shares, equivalent to 3% of the total issued shares. The scheduled cancellation amount is 47 billion KRW based on book value, and the cancellation date is set for the 31st of this month.

NHN plans to proceed smoothly with the treasury share cancellations planned through 2024.