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[Alpha Biz=(Chicago) Reporter Kim Jisun] SK Innovation announced on the 5th that it will retire 4,919,974 shares of its own shares on the 20th of this month.
The total amount to be incinerated is 793.6 billion won.
The company said, "By incinerating equity shares acquired within the scope of dividendable profits by the resolution of the board of directors, there is only a decrease in the number of shares and there is no decrease in capital."
SK Innovation has been reviewing various strategic measures, including the retirement of treasury stocks, to enhance shareholder value since the capital increase of 1.1 trillion won last year.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
