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TEL +82 031-212-1984 FAX +82 031-212-1985 E-MAIL asicland@asicland.com | ANNOUNCEMENT | |||||
Copyright โ ASICLAND Co., Ltd. All rights reserved. |  |  |  |  |
Notice of Issuance of New Shares through Third-Party Allotment
At the Board of Directors meeting held on January 4, 2022, our company resolved to issue new shares through a third-party allotment method in accordance with Article 9, Paragraph 2, Item 5 of the Articles of Incorporation. The details are as follows:
Type and Number of New Shares to be Issued: 110,563 Registered Type 2 Redeemable Convertible Preferred Shares
Issuance Price per Share: 108,534 KRW (Face Value 500 KRW)
Total Subscription Payment for New Shares: 11,999,844,642 KRW
Payment Date: January 7, 2022
Depository Bank for Subscription Payment: Korea Development Bank, Nowon Branch (Account Holder: ASICLAND Co., Ltd.)
Method of Subscription: In accordance with Article 418 of the Commercial Act and Article 9 of the Articles of Incorporation, shareholders' preemptive rights are excluded, and all new shares are allotted to third parties.
Handling of Unsubscribed Shares: In the event of unsubscribed shares, no additional allocation will be made.
Contribution in Kind: Not Applicable
Other necessary procedures for the issuance of new shares will be entrusted to the CEO.
January 4, 2022
ASICLAND Co., Ltd. CEO Jong-min Lee