Sandoll announced a 100% free allocation of new shares, granting one new share for each common share, which has resulted in a strong stock price.
Sandoll's stock traded at 12,080 won on the Korea Securities Dealers Automated Quotations market at 9:19 a.m. on the 21st. The stock price increased by 11.34% (1,230 won) compared to the previous trading day. During trading, the stock price reached a peak of 12,750 won, marking the highest price in the last year.
Sandoll held a board meeting on the 18th and announced the plan for the free allocation of new shares. The key point is to allocate one new share for each common share, excluding treasury shares. As a result of this free allocation, the number of Sandoll shares will increase from the existing 7,774,326 shares to 15,133,507 shares.
The record date for Sandoll's free allocation of new shares is set for August 6th. Considering the time lag until settlement, those who hold Sandoll shares until August 4th will be eligible to receive the new shares. The new shares of Sandoll are expected to begin trading on August 26th.