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MEDIA News & Events

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Finetex EnE (A Guide to Rights Issue)

Webmaster ㅣ 2017-09-21 ㅣ 67

Finetex EnE (A Guide to Rights Issue)

 

 

1. Rights Issue Schedule

Record Date for Allotment of New Shares: 13 October, 2017

Listing of New Share Warrant: 31 October 2017~ 6 November 2017

Subscription Dates for Current Shareholders: 30 November~1 December, 2017

Public Offering of renounced shares: 5 December 2017~ 8 December, 2017

Payment Date: 8 December 2017

Listing Date: 21 December, 2017

 

Note: Above schedule is subject to change during the process of approval by the authority

 

2. New Share Warrant Trading

The warrant to subscribe for new share will be issued to existing shareholders in accordance with each shareholder’s current shareholding amount. This warrant will be listed at the Korea Stock Exchange. Trading at the OTC market is also possible. Please refer to table below:

 

Trading at the Stock Exchange

The total number of Warrant Certificates to be issued to current shareholders will be deposited at the Korea Securities Depository and hence, each market participant will be able to trade on the Exchange.

 

Trading period:

31 October thru 6 November 2017 (5 trading days)

 

Trading on OTC market

Warrants of current shareholder who would wish to sell the warrant should have an account with a brokerage house and make a request for transfer of the warrant to his (her) counter-party’s brokerage account. Warrant sale/purchase agreement should be prepared and attached.

 

Trading Period:

24 October thru 8 November 2017

 

Note: Above schedule is subject to change during the process of approval by the authority

 

Over-Subscription Option

The company has granted “Over-Subscription Option” for warrant holders who are either current shareholders or new warrant holders who have purchased warrants from renounced subscribers. This option allows for up to 20% in excess of entitled rights. Actual allocation will be pro-rated.

 

Mandatory Underwriting Obligation by Underwriter

Shinhan Securities Corp. and Cape Investment & Securities will assume mandatory obligation to underwrite the whole issuing amount.

 

Definition of Mandatory Underwriting Obligation: Any renounced shares of current shareholders will be offered to the public and all of the under-subscribed shares following public offering will be taken by the underwriters.

 

 

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