Exhibit 99.1
Shinhan Financial Group made a resolution to enter into a trust agreement for acquisition of treasury shares
On April 26, 2024, the board of directors of Shinhan Financial Group resolved to enter into a trust agreement to acquire treasury shares. The details are as follows:
1. | Total contract amount: KRW 300,000,000,000 |
2. | Contract period: April 29, 2024 - October 28, 2024 |
3. | Contracting party: NH Investment & Securities Co., Ltd. |
4. | Expected date of agreement: April 29, 2024 |
5. | Number of treasury shares owned as of April 25, 2024: 6,353 |
6. | Date of resolution by the board of directors: April 26, 2024 |
7. | Brokerage company appointed for the share acquisition: NH Investment & Securities Co., Ltd. |
8. | Limitation on the acquisition amount of treasury shares as of April 26, 2024: |
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(Unit: KRW won) |
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Items | Amount | |||
1. Upper limit of profits available for dividends in accordance with the Korean Commercial Code(1) | 4,732,430,450,046 | |||
2. Amount of treasury shares acquired since the end of the previous fiscal year | 150,352,936,630 | |||
3. Dividends and related earnings surplus reserves resolved at the annual general shareholders’ meeting held after the end of the previous fiscal year | 268,696,637,475 | |||
4. Quarterly/interim dividends and related earnings surplus reserves resolved at the meeting of the board of directors after the end of the previous fiscal year | — | |||
5. Contract amount for the trust agreement | — | |||
6. Acquisition cost of the treasury shares if disposed after the end of the previous fiscal year (moving average) | — | |||
Limitation on the acquisition price of treasury shares (1-2-3-4-5+6) | 4,313,380,875,941 | |||
(1) | As of the end of the previous fiscal year. |
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