Notice of Issuance of New Shares
At the Board of Directors meeting held on March 11, 2022, our company resolved to issue new shares through the capitalization of reserves as follows:
Amount and Source of Capitalization: KRW 3,406,652,000 from share premium
Details of the Issuance of New Shares Due to Capitalization
a. Type of Shares: Registered Common Sharesย
(1) Number of Shares Issued: 4,875,576 sharesย
(2) Total Amount: KRW 2,437,788,000 (KRW 500 per share)
b. Type of Shares: Registered Redeemable Convertible Preferred Shares
ย (1) Number of Shares Issued: 1,053,224 sharesย
(2) Total Amount: KRW 526,612,000 (KRW 500 per share)
c. Type of Shares: Type 2 Registered Redeemable Convertible Preferred Shares
(1) Number of Shares Issued: 884,504 sharesย
(2) Total Amount: KRW 442,252,000 (KRW 500 per share)
Record Date for Allocation of New Shares: March 25, 2022
Method of Allocation: The new shares will be allocated to current shareholders according to the types and ratios of shares they own as of the record date, and will be distributed free of charge.
Other necessary procedures for the issuance of new shares will be entrusted to the CEO.
March 11, 2022
ASICLAND Co., Ltd. CEO Jong-min Lee
Notice of Issuance of New Shares
At the Board of Directors meeting held on March 11, 2022, our company resolved to issue new shares through the capitalization of reserves as follows:
Amount and Source of Capitalization: KRW 3,406,652,000 from share premium
Details of the Issuance of New Shares Due to Capitalization
a. Type of Shares: Registered Common Sharesย
(1) Number of Shares Issued: 4,875,576 sharesย
(2) Total Amount: KRW 2,437,788,000 (KRW 500 per share)
b. Type of Shares: Registered Redeemable Convertible Preferred Shares
ย (1) Number of Shares Issued: 1,053,224 sharesย
(2) Total Amount: KRW 526,612,000 (KRW 500 per share)
c. Type of Shares: Type 2 Registered Redeemable Convertible Preferred Shares
(1) Number of Shares Issued: 884,504 sharesย
(2) Total Amount: KRW 442,252,000 (KRW 500 per share)
Record Date for Allocation of New Shares: March 25, 2022
Method of Allocation: The new shares will be allocated to current shareholders according to the types and ratios of shares they own as of the record date, and will be distributed free of charge.
Other necessary procedures for the issuance of new shares will be entrusted to the CEO.
March 11, 2022
ASICLAND Co., Ltd. CEO Jong-min Lee