KT Corporation amended its Form 6-K to disclose updated terms for the disposal of treasury shares, approved by shareholders and the board, to fund long-term incentive payments.
Key takeaways
The company will dispose of 106,657 common treasury shares at KRW 63,000 per share, with an estimated total amount of KRW 6,719,391,000.
The disposal period is from April 15, 2026, to May 20, 2026, for payment of FY2025 long-term incentives to directors and officers.
The disposal method is over-the-counter, and the number of treasury shares before disposal is 11,245,239, representing 4.46% of total shares.
The actual disposal amount may vary from the estimate as it is based on the closing price on the date of disposal, not the pre-resolution price.