SK Innovation : Decision on Paid-in Capital Increase (Material Business Matters of Subsidiary Company)
July 21, 2022 at 02:14 am
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Decision on Paid-In Capital Increase (Material Business Matters of Subsidiary Company)
Subsidiary company
SK On Hungary Kft.
's material business matters to report
1. Class and number of new shares
Common stock (shrs.)
-
Different classes of stocks (shrs.)
-
2. Par value per share (KRW)
-
3. Total number of shares issued before increase of capital stock
Common stock (shrs.)
-
Different classes of stocks (shrs.)
-
4. Purpose of financing
Facility investment (KRW)
1,191,330,000,000
Business acquisition (KRW)
-
Operating capital (KRW)
-
Debt repayment (KRW)
-
Acquisition of securities issued by other corporations (KRW)
-
Other purposes (KRW)
-
5. Method of capital increase
Rights offering
[Rights Offering]
6. Issuing price of new shares
Final Issuing price
Common stock (KRW)
1,191,330,000,000
Different classes of stocks (KRW)
-
Expected issuing price
Common stock (KRW)
-
Expected date of finalization
-
Different classes of stocks (KRW)
-
Expected date of finalization
-
7. Calculation method of issuing price
Book Value Basis
8. Record date for new share allotment
-
9. Number of new shares per outstanding share
-
10. Preferential allotment ratio for employee stock ownership association (%)
-
11. Scheduled date of subscription
Employee shares ownership association
Start date
-
End date
-
Existing shareholders
Start date
-
End date
-
12. Date for payment of subscription money
2022-07-31
13. Plan for handling forfeited shares
-
14. Record date of dividend payout
-
15. Scheduled delivery date of new share certificates
-
16. Lead underwriter (in case of indirect offering)
-
17. Transfer of preemptive rights to new shares?
No
18. Date of board resolution (decision date)
2022-07-18
- Attendance of outside directors
Present (No.)
-
Absent (No.)
-
- Attendance of auditors (members of Audit Committee who are not outside directors)
-
19. Subject to filing of securities registration statement?
No
20. Reasons for exemption from filing securities registration statement, if exempted
Non listing, 100% owned foreign subsidary company is not subject to filing securities registration statement..
21. Subject to reporting to the Fair Trade Commission?
No
22. Other matters to be factored into investment decisions
1. As this captial increase is not issuing shares, number of shares and par value in above 1, 2 and 3. are blank.
2. Above 4. purpose of financing is for EV factory and G-VC EU construction and designated to facility investment.
3. Above 4. facility investment is caculated based on total capital increase amount, 900M$ and exchange rate of decision date, (1USD =1,323.7) and can be changed based on the actual exchange rate of capital increase.
4. Above 18 is the approval date of SK On Hungary Kft. CEO.
5. Below total assets of parent company is based on FY21 consolidated financial statements of SK Innovation.
6 This capital increase will be done by July, 31, 2022, and above article 12 is expected closing date.
7. Amount and schedule of caital increase can be changed based on govermental approval, or any other circumstances.
Ratio to consolidated total assets of parent company (%)
2.91
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Disclaimer
SK Innovation Co. Ltd. published this content on 21 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2022 06:13:04 UTC.
SK Innovation Co Ltd is a Korea-based company principally engaged in the manufacture and distribution of petroleum products. The Company operates its business through five segments. The Petroleum Business segment is engaged in the manufacture and sales of petroleum products including lead-free gasoline, kerosene, diesel and others. The Chemical Business segment mainly manufactures and sells of basic emulsifying agents including ethylene, poly propylene, styrene monomer, and chemical materials including synthetic resins, and others. The Lubricant Business segment is mainly engaged in the manufacture of lubricant products. The Petroleum Development Business, Materials Business and Other Business segment is engaged in the development, production and sale of crude oil and natural gas. The Battery Business segment manufactures and sells lithium batteries and medium and large batteries, among others.