Celltrion Completes 100 Billion Won Treasury Share Incineration, Plans Further Shareholder Returns

Celltrion has finalized the incineration of treasury shares worth 100 billion won, amounting to about 490,000 shares. This move, aimed at stabilizing stock prices and enhancing shareholder value, has been reflected through a change in the company's listed shares. The total number of outstanding shares has now decreased to approximately 221.63 million.

The company anticipates that the reduction in outstanding shares will lead to improved earnings per share (EPS) and a tangible increase in the value of each share. This initiative is part of Celltrion's broader strategy to bolster shareholder returns while simultaneously strengthening its core business competitiveness.

Looking ahead, Celltrion is committed to further shareholder return policies. It has already decided on an additional buyback of treasury shares valued at 100 billion won, which is currently in progress. If this acquired stock is also incinerated within the year, the cumulative value of incinerated treasury shares for the year is expected to reach approximately 2 trillion won. Beyond share buybacks and incineration, the company is also proceeding with a 10.92 million share stock dividend and a 200 billion won share acquisition plan involving both the company and its largest shareholder.

A Celltrion representative stated, "We will pursue sustainable growth and enhance corporate value by simultaneously advancing shareholder returns and strengthening our core business competitiveness."

“

We will pursue sustainable growth and enhance corporate value by simultaneously advancing shareholder returns and strengthening our core business competitiveness.