NC will grant treasury shares worth 19.3 billion won to about 4,700 employees.
NC disclosed on the 14th that it will dispose of a total of 80,576 treasury shares and grant them to 4,708 employees of the company and its subsidiaries. The price of the shares to be disposed is 239,000 won per share based on the closing price on the 13th. The total planned disposal amount is 19.25766 billion won.
The decision follows a plan to hold and dispose of treasury shares approved at the regular shareholders meeting in the previous month.
NC said the purpose of the disposal of treasury shares is "employee incentive compensation to enhance shareholder and corporate value."
The treasury shares are scheduled to be granted on the 24th. The bonus shares will basically be granted as 10 shares per person regardless of affiliation or rank, and the live service organization in charge of game operations is said to have been allocated a larger quantity.
NC said the size of the disposal is about 0.37% of the total number of issued shares, and because the shares will be deposited directly into the recipients' accounts, any dilution of share value will be minimal.