|
|
    |
|
|
 |
|
|
 |
Article 15. (Issuance of Convertible Bonds)
1. Pursuant to a resolution of the Board of Directors, the Company may issue convertible bonds to persons
other than shareholders of the Company in each of the following cases to the extent that the aggregate
face value of the bonds shall not exceed Four Hundred Billion (400,000,000,000) Won.
① when issuing convertible bonds by way of a public offering;
② when the shareholders relinquish their preemptive rights to purchase convertible bonds;
③ when issuing convertible bonds to a business partner for introduction of important technology, research
& development, manufacturing, sales and capital affiliation;
④ when issuing convertible bonds to domestic or foreign financial institutions for emergency financing.
2. The Board of Directors may determine that the convertible bonds referred to in Paragraph (1) may be
& issued on the condition
that conversion rights will be attached to only a portion
of the convertible bonds.
3. The shares to be issued upon conversion shall be either common shares to the extent that the total face
value of the convertible bonds will not exceed Two Hundred Billion (200,000,000,000) Won or preferred
shares to the extent that the total face value of the convertible bonds will not exceed Two Hundred Billion
(200,000,000,000) Won. The conversion price shall not be less than the par value of the shares as
determined by the Board of Directors at the time of the issuance of the relevant convertible bonds.
4. The period during which conversion may be requested shall be from the date following the date of i
ssuance of the convertible bonds to the day immediately before the date of maturity, provided that the
period can be adjusted by the Board of Directors during the period aforementioned.
5. As to the interest or dividend on the shares to be issued due to conversion, Article 10 will apply mutatis
mutandis.
Article 16. (Issuance of Bonds with Warrants)
1. The Company may issue bonds with warrants to persons other than shareholders of the Company in
each of the following cases, pursuant to the resolution of the Board of Directors, to the extent that the
aggregate face value ofthe bonds shall not exceed Four Hundred Billion (400,000,000,000) Won.
① when issuing bonds with warrants by way of a public offering;
② when the shareholders relinquish their preemptive rights to purchase bonds with warrants
③ when issuing bonds with warrants to a business partner for introduction of important technology,
research & development, manufacturing, sales and capital affiliation;
④ when issuing bonds with warrants to domestic or foreign financial institutions for emergency financing.
2. The amount of new shares which can be subscribed for by the holders of the bonds with warrants
shall be determined by the Board of Directors, provided that the maximum amount of such new shares
shall not exceed the aggregate face value of the bonds with warrants.
3. The shares to be issued upon exercise of warrants shall be either common shares to the extent the
total face value of the bonds with warrants will not exceed Two Hundred Billion (200,000,000,000) Won
or preferred shares to the extent that the total face value of the bonds with warrants will not exceed Two
Hundred Billion (200,000,000,000) Won. The issue price shall not be less than the face value of the
share prices as determined by the Board of Directors at the time of the issuance of the relevant bonds
with warrants.
4. The period during which a bondholder may exercise his warrants shall be from the day following the date
of issuance of bonds with warrants to the day immediately before the date of maturity, provided that the
period can be determined by the Board of Directors within the period aforementioned.
5. As to the dividend on the shares to be issued upon exercise of the warrants, Article 10 will apply mutatis
mutandis.
|
|
 |
|
|
|
|
|
|
