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[Alpha Biz=(Chicago) Reporter Paul Lee] 'Suspicions of insolvent listing' Some Fadu executives were found to have exercised stock options at 100 won per share. If the shares exercised are sold, a profit of more than 200 million won per person is made based on the current stock price.
According to the Financial Supervisory Service (FSS) on the 24th, Fadu non-registered executives Kwon Joon-ho and Jung Sang-yong announced on the 22nd that they acquired 10,000 shares through stock option events on the 15th. As a result, the number of shares held by the two people increased from 20,000 to 30,000, respectively. The acquisition price is 100 won per week. The closing price of Fado on the 23rd is 23,050 won, and if the two executives sell their shares at the closing price of the day, they will earn about 230 million won in capital gains.
Although there is no immediate sale, the fact that there are still a large number of stock options left by executives and employees is expected to put a burden on current stock prices. This is because an increase in the number of listed shares due to the exercise of stock options dilutes the existing shareholders' stakes. As a result, it has a negative impact on stock prices.
So far, 19 executives and employees have received stock options for 100 won per share and a total of 1,647,200 shares. After that, Fado shared stock options for 4,500 won and 7,107 won per week. As the conversion price is significantly lower than the public offering price (31,000 won) or the current stock price, the possibility of executives and employees realizing profits cannot be ruled out.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
