Cancellation of Stock Option(Oct. 25, 2002)
2002-10-26On October 25, 2002, the board of directors of Kookmin Bank has approved and ratified to cancel 10,000 stock options, which was granted to Mr. Sunjae Cho on March 22, 2002.
The reason of the cancellation was his resignation. Mr. Sunjae Cho, who was nominated and appointed as a Non-Executive Director in the shareholders’ meeting on March 22, 2002, has resigned voluntarily due to a personal reason on August 5, 2002.
The exercise price and the exercise period were as follows.
Exercise price: 57,100 Won x (1 + the increase rate of KOSPI banking industry Index x 0.4)
Exercise period: March 23, 2005 to March 22, 2010.