[Edaily Reporter An Yu-ri ] Mgame Corp.(058630)has decided to repurchase its own shares for the third time this year. The company plans to cancel the newly acquired shares as well as part of its shareholder return policy.

Mgame Corp. announced on the 30th that it held a board of directors meeting and resolved to repurchase approximately 2 billion won worth of its own shares. The company plans to cancel all of the shares acquired this time; when the amount from this decision is added to the two previous repurchases, the total value of treasury stock repurchased this year reaches approximately 6 billion won.

Mgame Corp. decided to repurchase treasury stock worth approximately 2 billion won each in May and June, acquiring a total of 846,834 shares over the two rounds. Of these, 430,000 shares were canceled on July 15, and the company plans to cancel the shares acquired in this latest round as well.

The number of shares scheduled for acquisition this time is 575,539 common shares. This figure was calculated based on the closing price of 3,475 won on the 29th, the day before the board resolution, and represents approximately 3.07% of the current total number of issued shares.

The acquisition period runs from October 31 to January 30 of next year. The shares will be acquired directly on the KOSDAQ market through MIRAE ASSET SECURITIES.

The acquired treasury shares are scheduled to be fully canceled within one year from each acquisition date, and the specific cancellation schedule will be determined by a separate board resolution.

The company emphasized that it is also returning value to shareholders through cash dividends.

Following the confirmation of a year-end dividend of 222 won per share—totaling approximately 4.3 billion won—in March of this year, Mgame Corp. paid a quarterly dividend of 110 won per share—totaling approximately 2.1 billion won—in July.

This marked the company’s first-ever quarterly dividend since its founding. The quarterly dividend was paid on July 14.

CEO Kwon Yi-hyung stated, “We are consistently pursuing cash dividends and the repurchase and cancellation of treasury stock to share the company’s growth achievements with our shareholders,” adding, “We will continue to implement shareholder-friendly policies to enhance shareholder value.”

Meanwhile, in the first half of this year, Mgame Corp. reported consolidated revenue of 45.5 billion won, operating profit of 5.6 billion won, and net income of 5.2 billion won.