Neptune Company Cancels Part of Stock Options... Minimal Impact on Shareholder Value Due to Tiny Ratio to Outstanding Shares

Neptune Company resolved on June 23, 2026 to cancel some previously granted stock options, reducing total outstanding options from 471,871 to 168,548 shares.
The canceled 303,323 shares represent only about 0.65% of the total outstanding shares of 46,735,643, limiting dilution concerns for shareholders.
The remaining granted options have an exercise price of 7,037 KRW, well above the current stock price of 2,565 KRW, making immediate exercise unlikely and further dilution risk low.
[AI Summary]This correction involves a small cancellation of stock options with negligible capital dilution effect. The exercise price far exceeds the current market price, so near-term shareholder value impact is minimal. The majority of previously granted options are underwater, posing little financial burden.