HPSP has officially announced a decision to dispose of a portion of its treasury shares to fulfill obligations under its employee equity incentive programs. The company will issue 51,517 shares of Common Stock to 37 eligible employees who have met the vesting and exercise conditions for stock options and Restricted Stock Units (RSUs).
The disposal is valued at 1,844,308,600 KRW (~$1.31M USD based on 1407 KRW/USD), with the share price set at 35,800 KRW per share, reflecting the closing price of the exchange on the day prior to the board resolution. The shares will be transferred directly from the company’s treasury account to the recipients’ accounts via over-the-counter (OTC) transfer between August 7, 2026, and October 30, 2026.
Prior to this disposal, HPSP held 941,164 shares of treasury stock, representing 1.14% of the total 82,300,000 issued shares. The company expects the dilution effect to be minimal, as the shares to be disposed of represent approximately 0.1% of the total outstanding shares.