SNet Systems Decides to Dispose 100,000 Treasury Shares for Employee Bonuses
- SNet Systems decides to dispose 100,000 treasury shares (0.50% of total outstanding shares) for employee bonuses.
- Disposal method: transfer from treasury account to employee securities accounts (not market sale).
- Target: 14 current employees (including registered executives).
- Price: based on closing price on the business day before the board resolution (2026.05.13), subject to change.
- Dilution effect: 0.50%, expected to be minimal.
- Follow-up action approved by the 27th Annual General Meeting (2026.03.25).
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KOSDAQ Filing Information
- Filing: Current Report (Decision on Disposal of Treasury Shares)
- Company: S NET SYSTEMS (038680)
- Submission: S NET SYSTEMS.INC
- Receipt: 05-14-2026