SK Hynix to Buy Back, Cancel $29 Billion Worth of Treasury Shares
The program is the largest treasury share cancellation by a South Korean listed company and lifts the payout target to over 50% of cumulative free cash flow.
- On Wednesday, August 19, 2026, the Board of Directors of SK hynix Inc. approved a resolution to repurchase and fully cancel 40 trillion won of treasury shares, marking the largest such cancellation in South Korean corporate history.
- The Company's decision reflects an assessment that its intrinsic value, driven by business competitiveness and cash generation capability, is underrepresented in its current stock price.
- Based on the closing stock price, the 40 trillion won repurchase represents about 3.3% of total issued shares, supported by the Company's robust financial position of approximately 69 trillion won in net cash.
- SK hynix announced plans to expand its total shareholder return target to "over 50% of cumulative FCF," adopting a dual-track approach of share cancellations and cash dividends.
- Starting Thursday, August 20, the repurchase program is scheduled to run for approximately three months, as the Company aims to execute the initiative ahead of schedule to deliver sustained shareholder value.
12 Articles
12 Articles
SK Hynix to buy back, cancel $29 billion worth of treasury shares
PR Newswire
SK hynix Accelerates 40 Trillion won Share Repurchase and Cancellation Program, Pursues Shareholder Return Expansion to 'Over 50% of FCF'
Board approves resolution on August 19 to repurchase and fully cancel 40 trillion won of treasury shares Decision reflects the view that intrinsic value—driven...
SK hynix to buy back $28.6 mil. worth of shares in 3 months before cancellation
SK hynix said Wednesday it will buy back 40 trillion won ($28.6 million) worth of its own shares within the next three months and will cancel them. The chipmaker said in a regulatory filing that it will begin buying back 24.07 million common shares Thursday at 1.662 million won per share through open-market purchases and complete the program by Nov. 19. This accounts for about 3.3 percent of the company’s 730 million outstanding shares. SK hynix…
SK Hynix will repurchase approximately 40 trillion won worth of its own shares on the open market and cancel the entire amount to enhance shareholder value. SK Hynix announced on the 19th that it has decided to acquire 24.07 million common shares for 40.0434 trillion won. The purpose of the acquisition is to enhance shareholder value through the cancellation of treasury shares. The planned acquisition price was calculated based on the closing pr…
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