Business · Companies · 10 hrs ago
Megastudy Education ends share-buyback trust after acquiring 271,351 shares
South Korean education company Megastudy Education acquired 271,351 of its own shares through a trust agreement with Samsung Securities.
The company ended the 10 billion won agreement on October 20, after completing the planned purchases ahead of its original January 2027 end date.
Buying back shares means a company purchases its own stock from the market.
The shares represent 2.62% of the company’s issued shares.
After the agreement ended, the shares were due to be transferred into the company’s own securities account.
Megastudy Education says it plans to cancel the shares within a year of acquiring them, reducing the number of shares in circulation.
The company also held 11,960 other treasury shares, bringing its total holdings to 283,311 shares at the time of the filing.
Megastudy Education decided to end its 10 billion won share-buyback trust after completing the purchase of 271,351 shares.
The company disclosed the decision on October 20, 2026, following a board meeting that day.
The shares represent 2.62% of the company’s issued shares.
After the trust ends, the shares are due to be transferred to the company’s securities account and cancelled within one year of their acquisition.
The trust was held with Samsung Securities and had been scheduled to run from July 6, 2026, to January 6, 2027.
- Who
- Megastudy Education, an education company listed on the KOSDAQ market.
- What
- It decided to end a 10 billion won share-buyback trust after acquiring 271,351 shares.
- When
- The decision and planned termination date were October 20, 2026.
- Where
- South Korea; the company is based in Seocho-gu, Seoul.
- Why
- The company said it was ending the trust early because the share acquisition was complete.
This story does not have two clearly opposing sides.
Megastudy Education disclosed its decision to enter into the share-buyback trust.
The trust’s contract period began.
The company’s board decided to end the trust after the purchase of 271,351 shares was completed.
The company plans to cancel the shares acquired through the trust.
- Trust amount
- 10 billion won
- Shares acquired
- 271,351 common shares
- Share of issued shares
- 2.62%
- Trust institution
- Samsung Securities
- Contract period
- July 6, 2026–January 6, 2027
- Planned cancellation
- Within one year of acquisition