NHN promotes treasury stocks of 110 billion won by 2024

[treasury stock Moon Young-soo] NHN (CEO Jung Woo-jin) held a board meeting on the 8th and announced on the 9th that it will carry out the first incineration this month by promoting a large-scale treasury stock incineration of 110 billion won by 2024.

NHN will conduct a special incineration for 375,792 shares, which is 10%of the total number of shares issued for three years from this year. NHN's treasury stock incineration is the first time since its founding, and plans to incinerate all the quantities by acquiring additional treasury shares for incineration purposes in 307,925 shares held by the board of directors.

In particular, the treasury stock incineration size is 17 billion won based on the previous day's closing price, and the share price will be exceeded when additional stock prices rise in the future in the midst of improving the profit and loss in the second half. It is expected to be.

This year, this year, this year, we plan to incinerate 1.57,717 weeks of shares, which is 4%of the total number of stocks issued. The expected incineration amount is W43bn on the previous day's closing price and W74.8bn based on the book price.

NHN has continued to actively do to stabilize stock prices and increase shareholder value.

This year, we purchased new treasury stocks of 1.48 million shares and a total of KRW 43.3 billion, and executed about 2.4 times the originally planned shareholder return funds (18.4 billion won). NHN plans to use at least 30%of EBITDA (corporate tax, interest, and depreciation of depreciation) as a resource for shareholders for three years from this year.

Chung Woo-jin, CEO of NHN, said, The shareholder return policy announced this time will be the starting point for the company's strong will to improve shareholder value. We will focus on increasing corporate value.

Meanwhile, NHN has continued its shareholder-friendly behavior in December last year, deciding a free capital increase in one week of common stock per share, and leading to an incineration effect of 4.3%.