Kakao Corp.

11/15/2024 | Press release | Distributed by Public on 11/15/2024 02:51

Decision on Disposal of Treasury Stock

Decision on Disposal of Treasury Stock
1. Number of shares to be disposed of Common stock 348
Different classes of stocks -
2. Disposal price of shares (KRW) Common stock 33,400
Different classes of stocks -
3. Estimated disposal amount (KRW) Common stock 11,623,200
Different classes of stocks -
4. Scheduled disposal period Start date 2024-11-15
End date 2025-02-14
5. Purpose of disposal To strengthen retention of outstanding talent and payment of RSUs granted in 2021
6. Disposal method Disposal in exchange (shrs.) -
Off-hours block trading (shrs.) -
Disposal in OTC (shrs.) -
Others (shrs.) 348
7. Entrusted brokerage company Hana Securities Co., Ltd.
8. Treasury stock holdings before disposal Acquisition within profits available for dividends (shrs.) Common stock 25,940 Ratio(%) 0.0
Different classes of stocks - Ratio(%) -
Acquisition for other reasons (shrs.) Common stock 4,627,470 Ratio(%) 1.0
Different classes of stocks - Ratio(%) -
9. Date of board resolution (decision date) 2024-11-14
- Attendance of outside directors Present (No.) 5
Absent (No.) -
- Attendance of auditors (members of Audit Committee who are not outside directors) -
10. Daily volume limits Common stock -
Different classes of stocks -
11. Other matters to be factored into investment decisions The company operates Restricted Stock Units(RSU) as part of its long-term incentive program to strengthen the retention of talented people, and the number of units and detailed conditions, etc. are as follows.

1) Number of subjects for incentive : 1
2) Vesting Conditions : payment schedule for each installment and employment conditions until the actual payment date (Payment schedule is different for each contract)
3) Payment date: Payment is made after the payment schedule is confirmed by the board of directors after the payment schedule for each contract.
4) Basis and procedure for grant: Signing a long-term incentive contract with the recipient. The method of payment of long-term incentives can be paid in either stock or cash at the company's discretion, and if paid in stock, it is finalized by a board of directors resolution.


- The number of total outstanding shares is 443,552,534 as of the disclosure submission date.
- Above '2. Disposal Price of Shares' and above '3. Estimated Disposal Amount ' are calculated based on the last price on November 13th 2024, the day before board resolution.
-Above '6. Disposal Method' is a method to transfer treasury stocks from company's treasury stock account to each director and employee's stock account on the scheduled disposal date.
-Treasury stocks to be disposed as above are treasury stocks acquired for a specific purpose under the Commercial Act following the merger of Kakao Co., Ltd. and Kakao M Co., Ltd., and are not included in the acquisition situation (acquisition at the stock exchange or under a trust contract) under Article 165-3 of the Act. Therefore, please note that a separate report of treasury stock disposal result will not be submitted.
【Holding Amount of Treasury Stock before Decision on Treasury Stock Disposal】
(in shrs.)
Methods of acquisition Type of shares Beginning balance Change Closing balance Remarks
Acquisition (+) Disposal (-) Share retirement (-)
Amount of shares acquired within profits available for dividends Direct Acquisition Direct acquisition in exchange Common stock 25,940 - - - 25,940 -
Different classes of stocks - - - - - -
Direct acquisition in OTC Common stock - - - - - -
Different classes of stocks - - - - - -
Tender offer Common stock - - - - - -
Different classes of stocks - - - - - -
Sub total (a) Common stock 25,940 - - - 25,940 -
Different classes of stocks - - - - - -
Acquisition by trust contract Number of shares indirectly held through trust contracts Common stock - - - - - -
Different classes of stocks - - - - - -
Number of shares directly held Common stock - - - - - -
Different classes of stocks - - - - - -
Sub total (b) Common stock - - - - - -
Different classes of stocks - - - - - -
Amount of shares acquired for other reasons (c) Common stock 6,617,843 - 23,877 1,966,496 4,627,470 - Payment of RSUs granted
- Retirement of Shares
Different classes of stocks - - - - - -
Total (a+b+c) Common stock 6,643,783 - 23,877 1,966,496 4,653,410 - Payment of RSUs granted
- Retirement of Shares
Different classes of stocks - - - - - -
The contents of this English disclosure have been prepared solely by the relevant
listed company and has not been reviewed, audited or examined by KRX. The English disclosure is being provided for reference purposes only to assist foreign investors in their investment decisions relating to such listed company's listed securities. In the event of any discrepancy or difference between the contents of the Korean disclosure and those of the English disclosure, the Korean version shall prevail. It is, therefore, imperative that you review the original Korean disclosure available on KIND (https://kind.krx.co.kr) before making any investment decision.