LS Electric will dispose of about 6.1 billion won worth of treasury shares to compensate employees. The disposal volume corresponds to 0.02% of LS Electric's total shares outstanding.

A view of the Cheongju Smart Factory of LS Electric. /Courtesy of LS Electric

LS Electric disclosed on the 15th that it decided to grant 32,520 common shares to 3,252 employees. The planned disposal amount is 6.100040 billion won, and the per-share disposal price is 187,700 won based on the closing price on the 14th.

The treasury share disposal period is from the 16th to Aug. 14. LS Electric plans to transfer the treasury shares to employees' brokerage accounts.

LS Electric said, "The counterparty is employees who were employed or on leave as of July 14, the day before the board resolution," and added, "The actual number of shares disposed of and the recipients may change."

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