HANWHA SYSTEMS CO., LTD. Decision on Acquisition of Shares or Investment Certificates of Other Corporations
| 1. Details of issuing company | Name of company | Hanwha Systems UK LTD | |
| Nationality | United Kingdom, UK | Representative | Dongwan Yoo |
| Capital stock (KRW) | 1,625 | Relationship to company | Affiliated company |
| Total number of shares issued | 1 | Main business | Satellite communication service |
| 2. Details of acquisition | Number of shares to be acquired | 220,588,970 | |
| Acquisition cost (KRW) | 358,381,194,600 | ||
| Equity capital (KRW) | 1,032,682,379,959 | ||
| Ratio to equity capital (%) | 34.7 | ||
| Classified as a large-sized corporation? | Yes | ||
| 3. Number of shares held and shareholding ratio after acquisition | Number of shares held | 220,588,971 | |
| Shareholding ratio(%) | 100.00 | ||
| 4. Acquisition method | Cash | ||
| 5. Purpose of acquisition | To acquire OneWeb's shares through Hanwha Systems UK LTD, HSC's overseas subsidiary, 100% owned by HSC | ||
| 6. Scheduled acquisition date | 2022-02-24 | ||
| 7. Subject to filing of a material fact report on asset acquisition? | No | ||
| -Total assets (as of the end of the latest fiscal year) (KRW) | 2,695,070,123,421 | Acquisition cost /Total assets(%) | 13.3 |
| 8. Deemed a backdoor listing? | No | ||
| -Plan to increase capital through third-party allotment within six months? | No | ||
| 9. Satisfying backdoor listing requirements for the issuing company (another corporation)? | No | ||
| 10. Date of board resolution (decision date) | 2022-02-22 | ||
| -Attendance of outside directors | Present (No.) | 4 | |
| Absent (No.) | - | ||
| -Attendance of auditors (members of Audit Committee who are not outside auditors) | - | ||
| 11. Subject to reporting to the Fair Trade Commission? | No | ||
| 12. Signed a put option contract, etc.? | No | ||
| -Details of agreements | - | ||
| 13. Other matters to be factored into investment decisions |
- As for Above Item No. 1. Details of Issuing Company, Hanwha Systems UK LTD is a newly created UK corporation in Oct. 2021, which is 100% owned by HSC. - Above Item No. 1. Capital Stock and Total Number of Stock details are as of Public Disclosure Date. - Above Item No. 2. Details of acquisition: Number of shares to be acquired is subject to change depending on transaction standard rates[$(USD)/GBP] on the acquisition date for the acquisition amount of USD $300,001,000. - Above Items No. 1. Capital stock of issuing company and No. 2. Details of acquisition, acquisition cost(KRW) are based on the basic exchange rate(KRW 1,194.60 /USD, KRW 1,624.66/GBP as of Feb. 22nd 2022(per the listed exchange rate of Seoul Money Brokerage Services.) - Above Item No. 2., Equity Capital and No. 7. Total Asset Amount are based on HSC's consolidated financial statements as of the end of year 2020. - All members of HSC's Audit Committee are made up of Outside Directors. - As Hanwha Systems UK LTD., is a corporation newly created in Oct. 2021, below "Condensed Financial Statements of Issuing Company" remains blank. | ||
| ※Related disclosure |
2022-02-22 Decision on Acquisition of Shares or Investment Certificates of Other Corporations |
| Category | Total assets | Total liabilities | Total shareholders' equity | Capital stock | Sales | Net income | External auditor's opinion | External auditor |
| Current fiscal year | - | - | - | - | - | - | - | - |
| Previous fiscal year | - | - | - | - | - | - | - | - |
| Two fiscal years prior | - | - | - | - | - | - | - | - |
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Hanwha Systems Co. Ltd. published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 01:51:07 UTC.
