08/12/2022 | Press release | Distributed by Public on 08/12/2022 10:53
Occurrence of Causes for Subsidiary's Dissolution
Subsidiary company | POSCO Energy Co., Ltd. | 's material business matters to report | ||
1. Cause for dissolution |
Merger between subsidiaries | |||
2. Details of dissolution |
POSCO Energy Co., Ltd. ("POSCO Energy") will be merged with and into POSCO International Co., Ltd. ("POSCO International"). | |||
3. Occurrence (decision) date of dissolution cause |
2022-08-12 August 12,2022 |
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• Attendance of outside directors |
Present (No.) | - | ||
Absent (No.) | - | |||
• Attendance of auditors (members of Audit Committee) |
Present | |||
4. Other matters to be factored into investment decisions |
This disclosure is about POSCO HOLDING's subsidiary POSCO Energy's decision on merger and expected merger schedules is as below: • Date of board resolution (decision date) and date of conclusion of merger contract : August 12, 2022 • Scheduled date of shareholders'meeting : November 4, 2022 • Record date of merger : January 1, 2023 • Scheduled date of merger registration : January 2, 2023 ※ Merger schedule may be subject to change depending on the process of approval of licenses/permits and consultation/approval with relevant authorities under applicable laws and regulations. For more details, please refer to POSCO International and POSCO Energy's disclosure 'Decision on Merger' made on August 12, 2022. |