Nomus, 30completed the acquisition of treasury shares worth 17ten million 6570shares and decided to cancel them

Nomus announced that it completed the acquisition of treasury shares worth 7in 8and decided to cancel 30shares. The decision has attracted investor attention because the reduction in the number of shares in circulation could affect per-share metrics.17shares6570. The decision has attracted investor attention because the reduction in the number of shares in circulation could affect per-share metrics.

Since 3, the company purchased 23ten million 1188treasury shares through a combination of direct purchases and a trust agreement. This volume represents approximately 2.1% of the total shares issued.

If some of the acquired treasury shares are canceled, the number of issued shares will decrease by approximately 1.6%. The company stated that the cancellation would take place within the scope of distributable profits and disclosed that, as a result, there would be no change in stated capital.

Nomus explained that it is expanding subscription-based revenue through the global fan platform “fromm.” The company indicated that it would continue pursuing the related business.

On the same day, Daedong Metal disclosed that it had canceled all of its treasury shares 10worth hundred million won. The company said the cancellation was part of a shareholder-friendly policy.

All related disclosures were made on 7 month 8 day. Both companies clearly presented details on the scale and method of the cancellations and their accounting treatment in their disclosure statements.