ENPLUS Co., Ltd. announced a private placement of series 29 bearer-bearing interest-bearing unsecured private placement convertible bonds in the principal amount of KRW 3,000,000,000 on January 11, 2024. The bonds will bear coupon interest rate of 2% and maturity interest rate of 4%. The bonds will mature on January 15, 2027.

The bonds are 100% convertible into common shares of the company at a conversion price of KRW 3,725 per share for 805,369 shares from January 15, 2025 to December 14, 2026. The transaction is expected to close on January 15, 2024. The transaction will include the participation from new investor SU Made Association.

The bonds are restricted to a hold period of 1 year from the date of bond issuance. The transaction received the board approval.