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L&C Bio to List 30.43 Million Bonus Shares on KOSDAQ on the 12th

L&C Bio will additionally list new shares issued through a stock dividend (bonus share issuance) on the KOSDAQ market on the 12th. The KOSDAQ Market Division of the Korea Exchange announced on the 9th that 30,437,464 common shares of L&C Bio will be additionally listed. These shares are the company

Wooil Shim
Staff Reporter
3 min read
L&C Bio to List 30.43 Million Bonus Shares on KOSDAQ on the 12th
CBC News

L&C Bio will additionally list new shares issued through a stock dividend (bonus share issuance) on the KOSDAQ market on the 12th.

The KOSDAQ Market Division of the Korea Exchange announced on the 9th that 30,437,464 common shares of L&C Bio will be additionally listed. These shares are the company's 13th issue of common stock, issued on October 27. The par value per share is 500 won, and after the additional listing, the number of listed common shares will increase to 61,107,168. The short code is A290650, and the dividend base date is January 1 of this year.

Mandatory holding requirements apply to 223,213 of the new shares. The mandatory holding period runs from the additional listing date of November 12 until January 14 of next year. Shares subject to mandatory deposit by the employee stock ownership association total 74,000, which will be deposited from November 12 until November 3 of next year.

The additional listing date and the end dates of the mandatory holding and mandatory deposit periods differ. While the additional listing date for all new shares is the 12th, separate periods apply to shares subject to mandatory holding or mandatory deposit.

This measure is an "additional listing" that adds new shares issued through a bonus share issuance to L&C Bio's common shares already trading on the market. It is distinct from a new listing, in which a company's stock is listed on the exchange for the first time, or from the commencement of trading of an entire stock.

[This article was written with some assistance from AI. The information provided is for reference purposes, and the publisher bears no legal or financial responsibility for the use of such information.]

Wooil Shim
Staff Reporter

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