📌 Key Filing Highlights
- Event Type: Correction of previous disclosure regarding the cancellation of treasury shares (Common Stock).
- Total Cancellation Amount: 40,004,339,063,500 KRW (~$30.23B USD based on 1324 KRW/USD).
- Total Shares to be Cancelled: 23,693,272 shares of Common Stock.
- Key Date: Cancellation scheduled for November 5, 2026, following the completion of treasury share acquisition on October 23, 2026.
Filing Overview and Core Decision
SK Hynix has filed a correction to its previous disclosure dated August 19, 2026, regarding the decision to cancel treasury shares. This correction is necessitated by the completion of the treasury share acquisition process, which resulted in a final adjustment of the number of shares to be cancelled and the total acquisition cost due to market price fluctuations during the acquisition period.
The board of directors has determined to cancel the acquired treasury shares using distributable profits in accordance with the proviso of Article 343, Paragraph 1 of the Commercial Act. Consequently, while the total number of issued shares will decrease, the company’s legal capital (share capital) will remain unchanged.
Detailed Filing Terms and Specifications
| Metric | Details |
|---|---|
| Type and Number of Shares to be Cancelled | Common Stock: 23,693,272 shares |
| Total Number of Issued Shares (Pre-cancellation) | 730,492,365 shares |
| Par Value per Share | 5,000 KRW |
| Total Estimated Cancellation Amount | 40,004,339,063,500 KRW (~$30.23B USD) *Excludes brokerage fees |
| Treasury Share Acquisition Period | Start: 2026-08-20 / End: 2026-10-23 |
| Acquisition Method | On-market purchase |
| Scheduled Cancellation Date | 2026-11-05 (Subject to change based on coordination with relevant authorities) |
| Investment Broker | SK Securities |
| Board Resolution Date | 2026-08-19 (6 Independent Directors attended, 0 absent) |
Operational Purpose and Company Rationale
The company is executing this share cancellation to utilize distributable profits for the purpose of reducing the total number of outstanding shares. By cancelling the treasury shares acquired through on-market purchases, SK Hynix aims to enhance shareholder value. The company explicitly notes that this process is conducted under the proviso of Article 343, Paragraph 1 of the Commercial Act, ensuring that while the number of issued shares decreases, the registered share capital of the company remains unchanged.