InfoBank Amends Stock Option Grant Report - Shares Reduced by 23,000 Due to Employee Departures, Minor Dilution Decrease

InfoBank has filed an amendment to its stock option grant report originally approved at the March 28, 2025 shareholders' meeting.
The amendment reduces the number of grantees by three due to resignations and cancels 23,000 shares of stock options.
The total granted shares decreased from 314,000 to 291,000, lowering the ratio to total outstanding shares from 3.91% to 3.35%.
The exercise price remains 6,800 KRW, significantly above the current market price of 3,100 KRW, with the first tranche exercisable from March 2027.
This correction has negligible financial impact, slightly alleviating potential dilution concerns for existing shareholders.
[AI Summary]InfoBank's stock option amendment is an administrative adjustment due to employee departures, reducing potential dilution from 3.91% to 3.35% of outstanding shares, a mild positive for shareholders. However, the deep out-of-the-money exercise price makes actual dilution unlikely, and the options are for employee compensation, not capital raising, so the overall market impact is neutral.