HIGEN RNM CO., LTD To dispose of 76,500 treasury shares worth KRW 382.5 million for stock option exercises
HAI summary · Not investment advice
HIGEN RNM CO., LTD will transfer 76,500 treasury shares (KRW 382.5 million) to employees exercising stock options.
Disposal amount
KRW 382.5 million
One named person and 73 others · treasury shares delivered for stock option exercises
Key facts
- Shares to dispose (common)
- 76,500 shares
- Disposal price per share
- KRW 5,000Stock option exercise price · fair value at grant date (2023.10.10)
- Disposal period
- Oct 19, 2026 – Oct 31, 2026
- Purpose of disposal
- Delivery of treasury shares upon exercise of stock options
- Disposal method
- Other: 76,500 sharesTransferred to recipients' brokerage accounts
- Disposal counterparty
- One named person and 73 others
Commentary
AI commentary · Not investment advice
What happened
HIGEN RNM will hand over 76,500 treasury shares, which are its own shares it holds. The recipients, one named person and 73 others, are company employees. They are exercising stock options, the right to purchase shares at a fixed price, granted on October 10, 2023. The price is the exercise price of KRW 5,000 per share, for KRW 382.5 million in total.
In the company's terms
Before the disposal, the company holds 1,853,900 treasury shares, or 6.0%. The shares being handed over equal 0.24% of total shares outstanding. The closing price on the day before the board resolution was KRW 22,100. The company said the exercise price was set at the shares' fair value on the grant date.
What changes for shareholders
The shares will move to recipients' brokerage accounts between October 19 and October 31. The disposal follows a treasury share holding and disposal plan approved at an extraordinary shareholders' meeting on June 23.
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