Meritz Financial Group Inc. (KOSE:A138040) announces a share repurchase program. Under the program, the company will repurchase up to KRW 500,000 million worth of its shares pursuant to a contract with Korea Investment & Securities Co., Ltd. and NH INVESTMENT & SECURITIES CO., LTD. The purpose of the program is to enhance shareholder value. The program will expire on September 25, 2025.
As of September 24, 2024, the company had 5,953,923 shares in treasury within the scope available for dividend and had 2,421,093 shares in treasury through other repurchase.