Alteogen Declares 30% Stock Dividend, Shares Increase to 69 Million, No Dilution of Shareholder Value

Alteogen resolved on July 16, 2026 to issue 16,068,790 common shares and 122,037 redeemable convertible preferred shares as a 30% stock dividend free of charge.
The record date is August 6, 2026 and the new shares are scheduled to be listed on August 20, 2026. The source is paid-in surplus of 8,095,413,500 KRW with no change in stated capital.
The stock dividend is allocated proportionally to all shareholders excluding treasury shares, causing no economic dilution. It is seen as a move to enhance liquidity and shareholder friendliness.
[AI Summary]Alteogen's 30% stock dividend increases outstanding shares but uses paid-in surplus without altering equity, thus no dilution of existing shareholder value. It can be viewed positively as a liquidity-enhancing shareholder return measure, though short-term price adjustment risk should be monitored.