DART Filing · Auto-translated
📌 Key Filing Highlights
- Event: Board approval for the acquisition of treasury shares (Common Stock).
- Total Acquisition Amount: 20,007,720,000,000 KRW (~$14.95B USD based on 1338 KRW/USD).
- Estimated Share Volume: 14,920,000 shares (calculated based on the closing price of 1,341,000 KRW on Oct 27, 2026).
- Acquisition Period: October 29, 2026, to January 28, 2027.
- Primary Purpose: Enhancing shareholder value (~10 trillion KRW) and employee stock-based compensation (~10 trillion KRW).
Filing Overview and Core Decision
On October 28, 2026, the Board of Directors of SK Hynix approved a resolution to acquire its own treasury shares through open market purchases. The company intends to allocate approximately 20 trillion KRW toward this buyback program to simultaneously support shareholder returns and secure shares for employee incentive schemes. The acquisition will be executed via designated brokerage firms over a three-month window.
Detailed Filing Terms and Specifications
| Metric | Details |
|---|---|
| Type of Shares | Common Stock |
| Expected Acquisition Amount | 20,007,720,000,000 KRW (~$14.95B USD) |
| Expected Number of Shares | 14,920,000 shares (Subject to change based on market price) |
| Acquisition Period | 2026-10-29 to 2027-01-28 |
| Acquisition Method | On-market purchase (Open Market) |
| Entrusted Brokers | SK Securities Co., Ltd., NH Investment & Securities Co., Ltd. |
| Daily Purchase Limit | 1,492,000 shares (Based on the lesser of 10% of total acquisition or 1% of total issued shares) |
| Treasury Shares Prior to Decision | 25,319,041 shares (Approx. 3.47% of total shares) |
| Available Dividend Profit Limit | 49,441,280,750,708 KRW (~$36.95B USD) |
Operational Purpose and Company Rationale
The company has specified two primary objectives for this treasury share acquisition as resolved by the Board of Directors on October 28, 2026:
- Shareholder Value Enhancement: Approximately 10 trillion KRW (~$7.47B USD) is dedicated to increasing shareholder value.
- Stock-Based Compensation: Approximately 10 trillion KRW (~$7.47B USD) is allocated for stock-based compensation, including bonuses for executives and employees. The company noted that the final scale of the compensation portion may vary depending on the final determination of the reward size.