Noul Calls 2026 Annual General Meeting: 5:1 Stock Split and Articles Amendment to Be Voted
Noul Co., Ltd. will hold its Annual General Meeting on July 21, 2026, to vote on a 5:1 reverse stock split and amendments to its articles of incorporation reflecting recent commercial law revisions.
The reverse stock split will reduce outstanding shares from 51,291,323 to 10,258,264, adjusting the par value from KRW 500 to KRW 2,500, aimed at stabilizing the stock price through reduced share float.
Governance amendments include mandatory appointment of independent directors at one-third of board, directors' fiduciary duty to shareholders, mandatory cancellation of treasury shares within one year, and introduction of electronic shareholder meetings.
[AI Summary]This AGM focuses on a capital-neutral reverse split and governance improvements, offering no direct shareholder value change but potentially enhancing long-term transparency.