SNT Motive Decides on 1-for-1 Free Capital Increase

SNT Motive, a leading local company in Busan, has decided on a 100% stock dividend, allocating one new common share for every one common share held.

On the 14th, SNT Motive's board of directors resolved to issue new shares and announced through a public disclosure that new shares of the same type will be allocated free of charge at a ratio of one new share per one common share.

The record date for the new share allocation is January 31, and shareholders holding SNT Motive shares as of January 23 will be allocated one new common share per one common share held.

The listing date for the newly issued shares is scheduled for the 26th of next month. The number of shares to be issued through this decision is 11,917,136, increasing the total number of issued shares to 26,540,272 after the stock dividend.

In this stock dividend, treasury shares held by SNT Motive (2,706,000 shares) are excluded from the new share allocation, resulting in a cancellation effect that reduces the treasury share ratio from 18.5% to 10.2%.

An SNT Motive official stated, “Based on a sound financial structure, we decided on a 100% stock dividend using capital surplus to return profits to shareholders and enhance shareholder value. We also expect an increase in trading volume as the previously insufficient number of circulating shares increases.” He added, “We have not considered any opinions regarding a spin-off and will continue to focus on protecting shareholder rights.”

SNT Motive.

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