NXC, the holding company of Nexon Group, disclosed on the 8th that it executed a buyback of its own shares totaling about 151.2 billion won.
Through this, NXC acquired a total of 25,997 shares, equivalent to 0.94% of all shares, at 5,815,000 won per share for about 151.2 billion won.
All NXC shareholders, including Chair Yoo Jeong-hyun of the NXC board, the spouse of the late Nexon founder Kim Jung-ju, their two children, WiseKids Co., and the Korea Asset Management Corporation (KAMCO) under the Ministry of Economy and Finance, took part in selling shares.
Chair Yoo Jeong-hyun and the two children sold a total of 17,592 shares to NXC and received about 102.3 billion won.
WiseKids Co., an NXC shareholder, sold shares worth about 2.6 billion won, and the Korea Asset Management Corporation (KAMCO) under the Ministry of Economy and Finance sold shares worth 46.3 billion won.
As a result, the equity stakes of NXC shareholders are Chair Yoo Jeong-hyun 33.35%, the Ministry of Economy and Finance 30.65%, each of the two children 17.16%, and WiseKids 1.69%.
An NXC official said, "NXC decided to buy back its own shares to enhance shareholder value and provide a liquidity opportunity, and all acquired shares will be retired simultaneously," adding, "There will be no changes in shareholder-by-shareholder equity ratios as a result of the transaction."