T3 Entertainment (hereinafter T3) announced on the 21st that it would be buying back its own shares worth 3 billion KRW.

 

The plan is to acquire a total of 1.48 million shares directly through the open market between the 22nd of this month and October 21st, with the entire batch slated for cancellation. Share buyback and cancellation effectively reduce the number of circulating shares, thereby increasing the value per share.

Since its listing in November 2022, T3 has executed five separate buyback rounds, acquiring approximately 12.37 million shares valued at about 18.2 billion KRW. This accounts for about 10% of the total issued shares.

Of the 12.37 million shares bought to date, 6.7 million (worth about 10 billion KRW) have already been cancelled, leaving the company holding roughly 5.68 million shares—about 9% of total issuance—as of July this year.

Including the newly planned 1.48 million shares, the total count will reach 7.16 million, or about 12% of the total issued shares, all of which are scheduled for phased cancellation within a year.

Meanwhile, T3 reaffirmed its mid-to-long-term shareholder return policy announced in June 2024, promising to dedicate 50% of its separate operating profit to shareholder returns. T3 CEO Hong Min-kyun remarked, "Trust with shareholders is not built on one-off events, but through consistent execution," adding that the company would continue to implement policies that bolster that trust. The CEO further noted, "We plan to strengthen our earnings base to ensure we can keep elevating the level of shareholder returns."