Jcontentree : Decision on Acquisition of Bonds related to Stocks(Voluntary Disclosure)
February 18, 2022 at 01:51 am EST
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Decision on Acquisition of Bonds related to Stocks(Voluntary Disclosure)
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.
※ Title and date of other disclosure related to this one
-
【Condensed Financial statement of Issuing Company】(Mil. KRW)
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
-
-
-
-
-
-
-
-
【 the matters related to Convertible Bonds 】
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.
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Disclaimer
Jcontentree Corp. published this content on 18 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2022 06:50:09 UTC.
ContentreeJoongAng Corp, formerly JContentree Corp, is a Korea-based company principally engaged in the entertainment business. The Company operates its business through three segments. The Broadcasting segment is mainly engaged in the drama production and content distribution businesses. The Film segment is engaged in the operation of movie theaters. The Other segment is engaged in the real estate rental business.