OCI Holdings announced in a regulatory filing on the 29th that it has decided to cancel 74,160 treasury shares, worth approximately 15 billion won.

According to the filing, the shares subject to cancellation are 74,160 common shares, with the cancellation amount scheduled at 14,999,896,950 won. This figure was calculated based on the book value of the treasury shares to be cancelled as of the board resolution date.

The shares to be cancelled were purchased through a trust contract for treasury stock acquisition carried out from February 11 to August 10. OCI Holdings explained that it completed the purchase of treasury shares under the trust contract and resolved to cancel the 74,160 common shares transferred to the company upon the contract's expiration in order to enhance shareholder value. KB Securities is the commissioned investment broker for the treasury stock acquisition.

The cancellation is scheduled for November 5, although the date may change depending on procedures with relevant institutions.

The cancellation will be carried out under Article 343, Paragraph 1 of the Commercial Act, using treasury shares acquired within the scope of distributable profits. The company stated that the cancellation will not result in a reduction of its capital.

Meanwhile, OCI Holdings has a total of 18,670,232 issued common shares outstanding, with a par value of 5,000 won per share. The share cancellation was decided at the board meeting held on the same day, attended by five independent (outside) directors, with no absentees.