02/18/2022 | Press release | Distributed by Public on 02/18/2022 00:44
Subsidiary | STUDIO LULULALA JOONGANG CO., Ltd(former. JTBC Studios CO., LTD) | 's Main Business Management Affairs |
1. Class of Bonds related to stock | convertible bonds | |||
Series No. | 1 | Type | Bearer type Unguaranteed Private equity Convertible bond | |
2. Details of issuing company | Name of Company (Nationality) | South Korea | Representative | Ji Young Park |
Capital Stock(KRW) | 100,000,000 | Relationship to Company | - | |
Total Number of Shares Issued | 200,000 | Main Business | Content Production | |
3. Details of Aquisition | Total face(electronic registration) Amount of Bonds(KRW) | 4,500,000,000 | ||
Acquisition Amount(KRW) | 4,500,000,000 | |||
Equity Capital(KRW) | 90,859,251,858 | |||
Ratio to Equity Capital(%) | 4.95 | |||
If classified as a Large-scale Corporation | No | |||
4. Acquisition Method | Cash | |||
5. Purpose of Acquisition | To strengthen content production capability | |||
6. Scheduled Acquisition Date | 2022-03-04 | |||
7. Date of Board Resolution(Decision Date) | 2022-02-16 | |||
- Attendance of Outside Directors | Present(No.) | - | ||
Absent(No.) | - | |||
- Attendance of Auditors(members of Audit Committee) | Present | |||
8. Subject to reporting to the fair Trade Commission | No | |||
9. If entered into an agreement for Put Option, Call Option, Put Back Potion, etc. | No | |||
- Details of agreements | - | |||
10. Other references useful for making investment decisions | ||||
1) JTBC Studios CO., Ltd has changed its company name as STUDIO LULULALA JOONGANG CO., Ltd. 2) Above 2. Capital Stock and Total number of shares issued of issuing company is based on the date of incorporation. 3) Above 6. Scheduled Acquisition Date is the expected payment day. 4) Below 'Condensed Financial statement of Issuing Company' is not stated as the issuing company is a newly incorporated company in 2021. 5) Above details of contents and schedule are subject to change depending on relational company or internal situation. |
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※ Title and date of other disclosure related to this one | - |
Type | Total Assets | Total Liability | Total Shareholders' Equity | Capital Stock | Sales | Net Income | External Auditor's Opinion | External Auditor |
Current Fiscal Year | - | - | - | - | - | - | - | - |
Previous fiscal Year | - | - | - | - | - | - | - | - |
Fiscal Year before previous fiscal Year | - | - | - | - | - | - | - | - |
Rate | Coupon rate(%) | - |
Maturity interest rate(%) | 2.0 | |
Maturity date | 2027-03-03 | |
Details of Warrants | Conversion ratio(%) | 100 |
Conversion price (KRW/Stock) | - | |
Conversion price determination method | - | |
Class of new shares | Common Stock | |
Period of request for Conversion | From | 2023-03-04 |
To | 2027-03-03 | |
Details of adjustment of conversion price | - | |
Other references useful for making investment decisions | - Regarding above the matters related to Convertible Bonds, the investor, STUDIO LULULALA CO., Ltd., cannot exercise its conversion right over 20% of total number of shares issued of Issuing company. |