KG Eco Solution Co., Ltd. Subsidiary KG Dongbusteel to give 2,461,991 treasury shares to 1,690 employees
KAI summary · Not investment advice
Subsidiary KG DONGBUSTEEL CO., LTD. will transfer 2,461,991 treasury shares (KRW 13.7 billion) to 1,690 employees as compensation.
Disposal amount
KRW 13.7 billion
Subsidiary KG DONGBUSTEEL · 1,690 employees · employee compensation
Key facts
- Shares to dispose (common)
- 2,461,991 shares
- Subsidiary
- KG DONGBUSTEEL CO., LTD.
- Disposal price per share
- KRW 5,560Closing price on 2026.10.14, the business day before the board resolution
- Disposal period
- Oct 16, 2026 – Jan 15, 20272,461,213 shares on 2026.10.16; 778 pledged shares after release
- Purpose of disposal
- Treasury shares given to employees
- Disposal method
- Other: 2,461,991 sharesTransferred to employees' brokerage accounts
- Disposal counterparty
- 1,690 employeesNumber may change with eligibility
Commentary
AI commentary · Not investment advice
What happened
KG DONGBUSTEEL CO., LTD., a subsidiary of KG Eco Solution, will give 2,461,991 of its treasury shares (shares the company holds in itself) to 1,690 employees. It said the aim is to motivate staff to meet business goals. Recipients include 1 registered officer of the largest shareholder, 3 inside directors and 4 registered officers of affiliates. The price is KRW 5,560 per share, for a total of KRW 13.7 billion.
In the company's terms
The shares equal 2.5% of KG Dongbusteel's shares in issue. All 2,461,991 common treasury shares it holds will go out. The price is the closing price on 2026.10.14, the business day before the board meeting. The actual price and amount may change with the share price at the time of transfer.
What changes for shareholders
2,461,213 shares move to employees' accounts on 2026.10.16. The 778 shares pledged to a financial institution will be paid by 2027.01.15 after the pledge is released. The plan follows the treasury share 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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