Pretti Announces 5:1 Stock Consolidation to Optimize Circulating Shares, No Change in Shareholder Value

Pretti has decided to consolidate its common shares at a 5:1 ratio, reducing total outstanding shares from 147,886,116 to 29,577,223 and increasing par value from 500 KRW to 2,500 KRW.
The consolidation was approved at the extraordinary shareholders' meeting on May 26, 2026, with the aim of maintaining an appropriate number of shares in circulation. This is a structural adjustment with no change in capital or corporate value.
New shares will become effective on June 29, 2026, with trading suspended from June 25 to July 15, 2026. Fractional shares will be paid in cash based on the closing price on the first listing day.
[AI Summary]The stock consolidation is a neutral corporate action with no dilution or capital allocation impact. It does not alter shareholder value but may improve price perception. Governance is standard.