HPSP has filed a correction to its previous disclosure dated August 7, 2026, regarding the disposal of treasury shares. The correction primarily reflects an increase in the number of eligible employees receiving shares under the company’s equity compensation plans, including stock options and Restricted Stock Units (RSUs).
The revised disposal plan involves the transfer of 59,917 shares of Common Stock to 38 employees. The total estimated disposal value is 2,145,028,600 KRW (~$1.59M USD based on 1345 KRW/USD), calculated based on the closing price of 35,800 KRW per share on the day preceding the board resolution. The disposal will be conducted via over-the-counter (OTC) transfers from the company’s treasury account to the individual accounts of the recipients.
The disposal period is scheduled from August 7, 2026, to October 30, 2026. HPSP noted that the impact on shareholder value is expected to be minimal, as the shares represent approximately 0.1% of the total issued shares.