GAMSUNG Corporation Co., Ltd. announced a private placement of series 7 unregistered coupon nonguaranteed private convertible bond for a gross proceeds of KRW 6,000,000,000 on January 28, 2022. The transaction will include participation from Trustton Mezzanine General Private Equity Trust 1. The bonds are zero coupon and have a maturity interest rate of 1.5%. The bonds have a maturity date of February 07, 2025 and are fully convertible into 2,666,666 common shares for a stake of 3.41% at a conversion price of KRW 2,250 per share during a conversion period beginning February 07, 2023 and ending on January 24, 2025.

The transaction has been approved by the board of directors of the company. The conversion of debentures is prohibited for one year from the issuance. The transaction has a payment date of February 07, 2022.