Decision on Share Disposition
Summary by AI BETAClose X
Decision on Share Disposition
|
1. Number of shares to be disposed |
Common |
1,083,434 |
|||
|
Other |
- |
||||
|
2. Price of shares to be disposed (Korean won) |
Common |
318,000 |
|||
|
Other |
- |
||||
|
3. Value of shares to be disposed (Korean won) |
Common |
344,532,012,000 |
|||
|
Other |
- |
||||
|
4. Expected disposition period |
Start date |
July 8, 2026 |
|||
|
End date |
July 8, 2026 |
||||
|
5. Purpose of disposition |
Stock-based compensation for employees |
||||
|
6. Method of disposition |
Open-market (shares) |
- |
|||
|
After-hours block trades (shares) |
- |
||||
|
Off-market (shares) |
- |
||||
|
Other (shares) |
1,083,434 |
||||
|
7. Counterparties to the disposition |
49,345 employees |
||||
|
8. Consignment investment brokers |
Samsung Securities Co., Ltd. Shinhan Securities Co., Ltd. KB Securities Co., Ltd. |
||||
|
9. Holding status of treasury shares before disposition |
Disposition within the allowable distribution of profit (shares) |
Common |
82,086,705 |
Ratio (%) |
1.4 |
|
Other |
- |
Ratio (%) |
- |
||
|
Other disposition (shares) |
Common |
- |
Ratio (%) |
- |
|
|
Other |
- |
Ratio (%) |
- |
||
|
10. Date of approval for the treasury share holding and disposal plan at the AGM |
March 18, 2026 |
||||
|
11. Date of board resolution (confirmation date) |
July 7, 2026 |
||||
|
- Attendance of Independent Directors at the Board of Directors meeting |
Present |
5 |
|||
|
Absent |
0 |
||||
|
- Attendance of Auditors (Audit Committee members who are not Independent Directors) |
- |
||||
|
12. Daily sell order quantity limit |
Common |
- |
|||
|
Other |
- |
||||
|
13. Other Information to Consider: |
- This disclosure relates to the grant of treasury shares pursuant to the labor-management agreement on the 2026 performance incentive. The grant conditions and the number of eligible employees are as follows:
[Grant condition] Employees of the DX Division and the CSS Business Team as of May 27, 2026
[Number of eligible employees] 49,345
- The above information is subject to change within the limit approved by the Board, depending on the number of employees at the time of the treasury share grant and changes in the stock price.
- In Item 2 above, the number of shares to be disposed (Korean won) is based on the closing price on the day prior to the Board's resolution (July 6, 2026)
- In Item 3 above, the value of shares to be disposed (Korean won) was calculated by multiplying the number of shares to be disposed by the closing price on the day prior to the board resolution. The actual disposal amount may change depending on stock price at the time of disposal.
- In Item 6 above, the method of disposition involves the transfer from the company's treasury account to the accounts of designated employees
- In Item 11 above, all Audit Committee members are Independent Directors (all Audit Committee members were in attendance)
- In Item 12 above, the daily sell order quantity limit is not applicable, as the shares will not be sold through on-market transaction on the securities market
- Holding status of treasury shares before purchase
(Number of shares)
|
Stock type |
Initial quantity |
Changes |
End quantity |
||
|
Purchase |
Disposal |
Cancellation |
|||
|
Common |
91,828,987 |
73,465,072 |
9,848,040 |
73,359,314 |
82,086,705 |
|
Other |
13,603,461 |
- |
- |
13,603,461 |
- |
【Additional disclosure items】
1. Relationship to the company or the largest shareholder by each counterparty to transaction
- Employees of the Company
2. Reason for selecting the counterparty to transaction
- Eligible recipients of the treasury share grant pursuant to the labor management agreement on the 2026 performance incentive.
3. Number of shares to be disposed of (shrs.) by each counterparty to transaction
- 1,083,434 common shares
4. Price calculation basis
- The number of shares to be disposed in Item 1, the price of shares to be disposed in Item 2 and the value of shares to be disposed in Item 3 were calculated based on the closing price on the day prior to the Board's resolution (July 6, 2026). However, the actual number of shares disposed of, the stock price, and the total disposal amount may be subject to change
5. Expected dilution
- The number of shares to be disposed in Item 1 above represent approximately 0.019% of the total number of issued shares (5,846,278,608 common), and the dilutive effect on share value is expected to be insignificant
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