OSP Sets Record Date for Free Stock Distribution, Expected to Improve Liquidity Without Diluting Shareholder Value

OSP has confirmed June 22, 2026 as the record date for its free stock distribution. This follows the board resolution on June 4, under which 2,427,114 new shares will be issued at a ratio of 0.5 shares per existing share.
The free distribution is funded by capital surplus of 2,427.1 million KRW, increasing the total shares by 50% without any cost to shareholders. The move is expected to improve liquidity without diluting existing shareholder economic value.
The new shares are scheduled to be listed on July 13, 2026, and fractional shares will be paid in cash based on the closing price on the first listing day. This action is seen as enhancing trading activity without harming shareholder value.
[AI Summary]OSP's record date setting for its free stock distribution is a cost-free stock split using capital surplus, preserving existing shareholder value while improving liquidity. Shareholders benefit from increased share count at no additional cost, though short-term price adjustments may limit arbitrage gains.