NEXON Co., Ltd. announces an Equity Buyback for 26,000,000 shares, representing 2.89% for ?40,000 million.
November 18, 2021 at 06:45 pm EST
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NEXON Co., Ltd. (TSE:3659) announces a share repurchase program. Under the program, the company will repurchase shares for 26,000,000 common stock, representing 2.89% of its issued share capital for ?40,000 million. The purpose of the program is to improve capital efficiency and ensure flexibility in capital policy. The program is valid till April 28, 2022. As of October 31, 2021, the company had 898,268,402 shares (excluding treasury stock) issued and outstanding and 67 shares in treasury.
NEXON Co, Ltd. is specialized in the development and publishing of interactive video games. The group offers games (MapleStory, Dungeon&Fighter, FIFA ONLINE 4, etc.) for PCs (70.9% of net sales) and mobile devices (28.4%; smartphones, tablets, etc.).
Net sales are distributed geographically as follows: Japan (1.8%), Korea (91.1%), North America (5.4%), China (1.1%) and others (0.6%).
NEXON CO., LTD. 
