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Decision on Share Disposition
1. Number of shares to be disposed | Common | 1,132,477 | |||
Other | - | ||||
2. Price of shares to be disposed (Korean won) | Common | 285,000 | |||
Other | - | ||||
3. Value of shares to be disposed (Korean won) | Common | 322,755,945,000 | |||
Other | - | ||||
4. Expected disposition period | Start date | July 13, 2026 | |||
End date | July 13, 2026 | ||||
5. Purpose of disposition | Grant of treasury shares as performance incentive to executives, etc. | ||||
6. Method of disposition | Open-market (shares) | - | |||
After-hours block trades (shares) | - | ||||
Off-market (shares) | - | ||||
Other (shares) | 1,132,477 | ||||
7. Counterparties to the disposition | 928 executives, etc. | ||||
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 | 81,003,271 | 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 13, 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 as part of the long-term performance incentive for executives, etc., to strengthen management accountability and encourage long-term value creation. The grant conditions and the number of eligible recipients are as follows:
[Grant condition] Executives, etc., who are eligible for long-term performance incentive as of the scheduled disposal date
[Number of eligible recipients] 928
- The above information is subject to change within the limit approved by the Board, depending on the number of eligible recipients 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 10, 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 recipients
- 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 | 10,931,474 | 73,359,314 | 81,003,271 |
Other | 13,603,461 | - | - | 13,603,461 | - |
【Additional disclosure items】
1. Relationship to the company or the largest shareholder by each counterparty to transaction
- Executives of the Company, etc.
2. Reason for selecting the counterparty to transaction
- The Company intends to grant treasury shares as part of the long-term performance incentive for executives, etc., to reinforce management accountability and encourage long-term value creation
3. Number of shares to be disposed of (shrs.) by each counterparty to transaction
- 1,132,477 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 10, 2026). However, the actual number of shares to be 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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