Daejoo Electronic Materials has decided to acquire 730 million won worth of its own convertible bonds (CB) before maturity in order to respond to a bondholder's early repayment claim.

According to a regulatory filing by Daejoo Electronic Materials on the 17th, the company will early acquire 700 million won in face value from its 8th issue of unregistered, coupon-bearing, unsecured private convertible bonds through an over-the-counter purchase method. The convertible bonds were issued on June 17 of last year, with an original maturity date of June 17, 2029.

The total face value of the bonds being acquired is 700 million won, and the final acquisition amount including principal and interest is 728.28 million won. The funds needed for the acquisition will be sourced from the company's own funds.

Looking at the detailed terms, the conversion price of the convertible bonds is 110,345 won per share. The number of shares that can be issued upon conversion is 6,343 shares, representing approximately 0.04% of the company's total issued shares.

Once this bond acquisition is completed, the remaining face value of this issue of convertible bonds will decrease to 1.5425 billion won. The company plans to decide later whether to resell or cancel the acquired convertible bonds.

[※ This article was written with AI assistance and is not intended to solicit investment. Investment decisions and responsibilities rest with the investor.]