Shinhan Financial : Announcement on Disposal of Treasury Shares - Form 6-K
April 26, 2024 at 04:00 pm
Share
Announcement on Disposal of Treasury Shares
On April 26, 2024, the board of directors of Shinhan Financial Group resolved to dispose the treasury shares. The details are as follows:
1. Class and Number of Shares to be disposed
Common shares
6,353
Preferred shares
-
2. Disposal price of shares(KRW)
Common shares
43,500
Preferred shares
-
3. Estimated disposal amount(KRW)
Common shares
276,355,500
Preferred shares
4. Scheduled disposal period
From
April 27, 2024
To
May 26, 2024
5. Purpose of disposal
Disposal of treasure shares (fractional shares) previously acquired in a comprehensive stock exchange process, etc.
6. Brokerage company appointed for the disposal
Shinhan Securities, Co.Ltd
8. Date of resolution by the board of directors
April 26, 2024
9. Other considerations:
•
The above "1. Class and Number of Shares to be disposed" is the total number of treasury shares held as of April 25, 2024. The treasury shares are fractional shares acquired during the comprehensive stock exchange process (Orange Life, Neoplux, etc.) pursuant to Article 341-2(Acquisition of treasury stocks for a specific purpose) of the Korean Commercial Act.
•
The above "3.Estimated disposal amount(KRW) - Common shares" and "2. Disposal price of shares(KRW)" are calculated using the closing share price of common shares of SFG on April 25, 2024 (one day prior to this announcement). The actual Disposal price of shares and Disposal amount is subject to change depending on share price fluctuation.
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Shinhan Financial Group Co. Ltd. published this content on
26 April 2024 and is solely responsible for the information contained therein. Distributed by
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26 April 2024 15:00:56 UTC.
Shinhan Financial Group Co Ltd is a Korea-based company principally engaged in the bank business. The Company operates its business through five segments. The Bank segment offers commercial bank services. The Credit Card segment provides credit card services. The Financial Investment segment involves in the trading and consignment trading of securities. The Life Insurance segment is engaged in the life insurance business. The Other segment is involved in the asset management, facilities rental and rental business, savings banks, financial information technology (IT) services, fund general office management, debts collection and credit investigation, private equities investment, real estate investment and operation.