0001193125-26-171750
SEC filingKB Financial Group's board resolved to cancel 3,811,944 common shares worth KRW 600 billion, to be acquired on the stock exchange from April 24 to July 20, 2026.
KB Financial Group's board of directors resolved on April 23, 2026 to cancel 3,811,944 common shares, representing approximately 1.02% of the 372,850,455 shares outstanding. The cancellation amount is estimated at KRW 600 billion, based on the April 22 closing price of KRW 157,400. The shares will be acquired on the Korea Exchange through KB Securities over a period from April 24 to July 20, 2026. The cancellation is legally grounded in Article 343-1 of the Korean Commercial Code and will be executed within the limits of profits available for dividends, meaning paid-in capital remains unchanged. This action is accretive to earnings per share and signals management's confidence in the company's capital position. Investors should note that the actual number of shares cancelled may vary with share price fluctuations during the acquisition period.