Doosan Decides to Retire Treasury Shares Worth 121.3 Billion Won

[Financial News] Doosan disclosed on the 17th that it had decided to retire 2,568,528 treasury shares, comprising common shares and shares of other classes.  Doosan held a board meeting that day and resolved to retire 1,956,424 common shares and 612,104 shares of other classes. Of the latter, 564,242 are Doosan preferred shares and 47,862 are Doosan 2nd preferred B shares. The shares subject to retirement are treasury shares already acquired. The scheduled retirement date is the second of next month.
The company said the measure involves retiring treasury shares through a board resolution regardless of the reason they were acquired, in accordance with the Commercial Act revised in March this year. It added that the measure will reduce the number of shares but not capital stock.

[email protected] Han Young-jun Reporter