POSCO Holdings to Cancel Treasury Shares

POSCO (PKX) has released an update.

POSCO Holdings Inc. has announced the cancellation of 1,691,425 of its common stock treasury shares, with no change to the company’s overall capital as this action is part of the dividend distribution plan. The estimated amount for the share retirement is approximately 662.2 billion KRW, based on the closing price before the board’s resolution on July 12, 2024. The scheduled retirement date for these shares is set for July 31, 2024.

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