POSCO Holdings completed the disposal of treasury shares from its ongoing share repurchase program. The company uses share buybacks and treasury share management as part of how it handles capital allocation to shareholders, reported DART.
Treasury shares are shares the company holds itself. They are typically kept for employee bonus programs, merger payments, or reissue under dividend reinvestment plans. POSCO did not specify exactly how the shares were disposed or who will use them in the future.
POSCO Holdings is South Korea's largest integrated steelmaker. The company operates iron ore mining, blast furnaces, steel casting, and rolling mills across Korea, Southeast Asia, and the Americas. The company manufactures specialty materials used in construction and manufacturing.
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| Symbol | Last Price |
|---|---|
| 005490POSCO Holdings Inc. | ₩337,000 -1.5% |