[Edaily Reporter KIM YOON-JEONG ] JTC Inc.(950170)announced on the 19th that it has decided to cancel 10 billion won worth of treasury stock to enhance shareholder value.
The shares to be retired consist of 2,051,675 treasury shares already acquired, representing approximately 4.21% of the total issued shares of 48,773,115 prior to the retirement. The estimated cost of the retirement is 10,035,180,000 won.
The scheduled date for the cancellation is September 30. Upon completion of the cancellation, the total number of issued shares is expected to decrease to 46,721,440 shares.
The shares to be retired consist of 2,051,675 treasury shares already acquired, representing approximately 4.21% of the total issued shares of 48,773,115 prior to the retirement. The estimated cost of the retirement is 10,035,180,000 won.
The scheduled date for the cancellation is September 30. Upon completion of the cancellation, the total number of issued shares is expected to decrease to 46,721,440 shares.
