SNet Systems Decides to Dispose 100,000 Treasury Shares for Employee Bonuses
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SNet Systems decides to dispose 100,000 treasury shares (0.50% of total outstanding shares) for employee bonuses.
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Disposal method: transfer from treasury account to employee securities accounts (not market sale).
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Target: 14 current employees (including registered executives).
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Price: based on closing price on the business day before the board resolution (2026.05.13), subject to change.
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Dilution effect: 0.50%, expected to be minimal.
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Follow-up action approved by the 27th Annual General Meeting (2026.03.25).
KOSDAQ Filing Information
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Filing: Current Report (Decision on Disposal of Treasury Shares)
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Company: S NET SYSTEMS (038680)
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Submission: S NET SYSTEMS.INC
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Receipt: 05-14-2026