OSP Co., Ltd held a board meeting on June 4, 2026, and resolved a free share issuance at a ratio of 0.5 new shares per existing common share. The record date is June 22, 2026, and the listing date has been corrected to July 8, 2026.
This free issuance increases total outstanding shares by 50% from 4,856,433 to 7,283,547 shares. The funding source is the share premium account amounting to 2,427,114,000 KRW. Fractional shares will be paid in cash based on the closing price on the first listing day.
The stock dividend dilutes existing shareholders' equity without raising new capital. The decision was made with one outside director absent and the auditor absent, indicating minor governance risks.
[AI Summary]OSP's 50% free share issuance is a negative event that dilutes shareholder value and likely pressures the stock price downward. The lack of capital-raising purpose suggests no immediate growth catalyst, which may worsen investor sentiment. Low board attendance adds governance concerns, warranting cautious investment.
KOSDAQ Filing Information
[Correction of Description] Report on Major Matters (Bonus Issue Decision)