Gate News message, April 15 — South Korean game developer NCSOFT announced plans to distribute 80,576 treasury shares, valued at approximately 19.26 billion KRW ($14 million), to employees as part of a stock incentive program aimed at boosting shareholder value and employee motivation. The shares are priced at 239,000 KRW each, based on the closing price one day prior to the board resolution.
The shares will be allocated to 4,708 employees across NCSOFT and its subsidiaries on April 24, with 67,056 shares going to headquarters staff and 13,520 shares to subsidiary employees. This distribution follows approval of the company’s treasury share retention and disposal plan at the 29th annual general meeting held on March 26, where NCSOFT also officially changed its corporate name from NCSOFT to NC.
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