GAON CABLE decided on June 16, 2026 through its board of directors to conduct a free stock issuance of 0.8 new common shares per existing share. The record date is July 1, 2026 and the listing date is expected on July 23, 2026.
A total of 13,234,492 new shares will be issued, funded from capital surplus of 66,172,460,000 won. Total outstanding shares will increase by 80% from 16,543,115 to 29,777,607 shares.
This free issuance does not change ownership percentages but will dilute earnings per share proportionally. The stock price is theoretically expected to adjust downward in line with the issuance ratio.
As no new capital is raised, the purpose is not capital procurement but improvement of financial structure and liquidity. It can be seen as part of shareholder return policy.
[AI Summary]GAON CABLE's 80% free stock issuance significantly increases share count, leading to dilution of per-share value and potential short-term price pressure. However, existing shareholders maintain their ownership percentage, making the impact neutral overall; the use of capital surplus supports financial soundness.
KOSPI Filing Information
Report on Major Issues (Decision on Free Allocation)