SK Telecom's (KRX:017670) board agreed to acquire 3,532 treasury shares for 186.1 million won through an off-market transaction following the cancellation of previously granted long-term performance-based stock awards.
The Korea-based company said no actual cash payment will be made because the acquisition results from the cancellation of stock awards already granted, according to a Korean bourse filing on Tuesday.
The acquisition period will run between July 15 and Oct. 14.
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