Slight Downward Adjustment of Stock Option Exercise Price (2,410 won → 2,405 won)
-
Exercise price adjustment: Slight downward revision from 2,410 won to 2,405 won due to rights offering (correction filing).
-
Grant size: Stock options representing 2.99% of total outstanding shares (34,989,932 shares) granted (board resolution on 2020.03.25).
-
Exercise period: From 2 years after grant date to within 5 years (2022.03.25~2025.03.25).
-
Fair value: 978 won per option using Black-Scholes model (exercise price 2,485 won, reference stock price 1,485 won).
-
Potential dilution: Approximately 2.99% dilution if all options exercised.
KOSPI Filing Information
-
Filing: [Correction of Description] Report on Grant of Stock Options
-
Company: DAIYANG METAL (009190)
-
Submission: DAIYANG METAL CO., LTD
-
Receipt: 05-18-2026