Seoul City Gas Disposes 50,000 Treasury Shares to Employee Welfare Fund
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Disposal: 50,000 common treasury shares (1.0% of total issued shares) transferred to employee welfare fund
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Method: Book-entry transfer from treasury account to welfare fund account (not market sale)
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Price: Based on closing price on Feb 3, 2026, the trading day prior to board resolution
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Purpose: Secure employee welfare resources, improve management efficiency, enhance long-term shareholder value
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Dilution effect: Negligible (fund expected to hold long-term, dividends replace cash contributions)
KOSPI Filing Information
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Filing: Current Report (Decision on Disposal of Treasury Shares)
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Company: SEOUL CITY GAS (017390)
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Submission: SEOUL CITY GAS CO.,LTD
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Receipt: 02-04-2026