KT Corporation (KT) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
KT Corporation announces its decision to retire 5,143,300 common shares, reducing the total outstanding shares to 252,021,685 and reaffirming no decrease in capital, as the buyback involves treasury shares within distributable profits. This move, expected to be completed by May 24, 2024, represents a 2% reduction of total issued shares and follows the Board of Directors’ resolution on May 9, 2024.
For further insights into KT stock, check out TipRanks’ Stock Analysis page.
