KG DONGBUSTEEL CO., LTD. To grant 2,461,991 treasury shares worth KRW 13.7 billion to 1,690 employees
KAI summary · Not investment advice
KG DONGBUSTEEL CO., LTD. decided to transfer 2,461,991 treasury shares (KRW 13.7 billion) to 1,690 employees as compensation.
Disposal amount
KRW 13.7 billion
1,690 employees · employee compensation
Key facts
- Shares to dispose (common)
- 2,461,991 shares
- Disposal price per share
- KRW 5,560Based on the 2026.10.14 closing price
- Disposal period
- Oct 16, 2026 – Jan 15, 20272,461,213 shares on 2026.10.16; 778 pledged shares after the pledge is released
- Purpose of disposal
- Treasury share disposal for employee compensation
- Disposal method
- Other: 2,461,991 sharesTransferred from the treasury account to employees' accounts
- Disposal counterparty
- 1,690 employeesNumber may change with grant conditions
Commentary
AI commentary · Not investment advice
What happened
KG DONGBUSTEEL CO., LTD. decided to give 2,461,991 of its own shares held in treasury to 1,690 employees. The grant aims to motivate staff to meet management goals, and the number of shares varies by person. Recipients include 1 registered officer of the largest shareholder, 3 inside directors and 4 registered officers of affiliates. The total value is KRW 13.7 billion.
In the company's terms
The shares equal 2.5% of shares issued. The price of KRW 5,560 per share is based on the closing price on 2026.10.14, the day before the board meeting. Before the disposal, the company held 2,456,184 treasury shares (2.5%) acquired with distributable profits and 5,807 common shares acquired in other ways.
What changes for shareholders
On 2026.10.16, 2,461,213 shares will move to employees' accounts. The 778 shares pledged to a financial institution will be paid after the pledge is released, by 2027.01.15. The actual amount may change with the share price at the time of disposal. The disposal is part of a plan approved at the shareholders' meeting on 2026.03.24.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.11.032026.11.03 | [Amended] Material Event Report | KRW 394.4 billion |
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