Result of Treasury Stock Disposal
1. Issuer and Address
• | Issuer : POSCO |
• | Address : 6261 Donghaean-ro, Pohang-si, Nam-gu, Gyungsangbuk-do, Korea |
2. Contents regarding Disposition Report
• | Report Submission Date : August 20, 2021 |
• | Disposition Period : From September 1, 2021 to September 1, 2021 |
• | Types of Stock and the Number of Shares : Common stock 2,932,480 shares |
3. Information regarding Disposition
Date | Type of Stock | Number of Disposed Shares |
Disposed | Total Disposed Amount (KRW) | ||||
September 1, 2021 | Common | 2,932,480 | 494,450 | 1,449,965,088,000 |
* Note: The above disposed amount is the exchange price of exchangeable bonds and the unit is the Korean Won ('KRW').
* Please note that the above disposition of treasury stock was prepared with respect to the foreign currency exchangeable bonds issued by the Company on September 1, 2021, assuming that a total of 2,932,480 treasury stocks, which are the exchangeable stocks of the bonds, were requested for exchange on the same day.
* The actual details of disposition of treasury stock will be finalized at the time the exchange right of the exchangeable bond is exercised. Treasury stocks are currently deposited with the Korea Securities Depository.
* For details on issuance of the exchangeable bonds and decision on dispose of treasury stock, please refer to the Company's SEC submissions which are Decision on Issuance of Exchangeable Bonds on August 27, 2021 and Decision on Disposal of Treasury Stock on August 20, 2021.
4. The Holding Status of Treasury Stock after Disposal
Type of Stock | Number of Shares | % | Amount (In millions of KRW) | |||
Common | 8,628,783 | 9.90 | 1,872,073 |
* As stated in '3. Information regarding Disposition', a total of 2,932,480 treasury shares subject to exchange for exchangeable bonds are deemed to have been requested for exchange on the same day, and are excluded in the above 'Number of Shares'.
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POSCO published this content on 07 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2021 10:11:06 UTC.