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TEL +82 031-212-1984 FAX +82 031-212-1985 E-MAIL asicland@asicland.com | ANNOUNCEMENT | |||||
Copyright ⓒ ASICLAND Co., Ltd. All rights reserved. |  |  |  |  |
Notice of Issuance of New Shares through Third-Party Allotment
At the Board of Directors meeting held on September 18, 2019, 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: 131,653 Registered Redeemable Convertible Preferred Shares
Method of Allotment: Third-Party Allotment (Article 9, Paragraph 2, Item 5 of the Articles of Incorporation)
Issuance Price per Preferred Share: 30,383 KRW (Face Value 500 KRW)
Total Subscription Payment for Preferred Shares: 4,000,013,099 KRW
Payment Date for Preferred Shares: September 20, 2019
Contribution in Kind: Not Applicable
Other necessary procedures for the issuance of new shares will be entrusted to the CEO.
September 18, 2019
ASICLAND Co., Ltd. CEO Jong-min Lee