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    A005490   KR7005490008

POSCO HOLDINGS INC.

(A005490)
  Report
End-of-day quote Korea Stock Exchange  -  2022-10-03
222500.00 KRW   +5.45%
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POSCO : Adjustment of Conversion Price, Exercise Price of Preemptive Rights, and Exchange Price - Form 6-K

08/12/2022 | 01:05pm EDT

Adjustment of Conversion Price, Exercise Price of Preemptive Rights, and Exchange Price

1.  Type

Adjustment of exchange price

2.  Class of Bonds

Foreign currency denominated exchangeable bonds

(Issued September 1, 2021)

•   Listing of Warrants

Not applicable

3.  Details of Adjustment

Series No. Pre-adjustment price (KRW) Post-adjustment price (KRW)
- 471,446 463,438

4.  Changes in Securities

Series No. Total par value (electronic registration) of non-exercised securities (KRW) Number of shares available for conversion, exercise, and exchange before adjustment (shares) Number of shares available for conversion, exercise, and exchange after adjustment (shares)
- 1,449,965,088,000 3,075,569 3,128,714

5.  Reasons for Adjustment

Adjustment of exchange price following cash dividend of POSCO HOLDINGS INC.

6.  Basis and Method for Adjustment

1) Grounds for adjustment: Adjustment of the exchange price following cash dividends

•  In the event of any reasons for adjustment of the exchange price, such as capital increase without consideration, stock split, reverse stock split, change of stock class, issuance of options or warrants to shareholders, stock dividends, cash dividends, issuance of new shares below market price, etc., the exchange price will be adjusted according to the relevant bond conditions.

2)  Method of adjustment

Post adjustment adjusted price = Pre adjustment adjusted price X[(*Current market price - Cash dividends equivalent to 1 share)/*Current market price]

7.  Effective Date of Adjusted Price

July 1, 2022

8.  Date of Board Resolution (Decision Date)

-

•   Attendance of Outside Directors

Present (No.) -
Absent (No.) -

•   Attendance of Auditors(members of Audit Committee)

-

9.  Other references useful for making investment decisions

•  "Total par value (electronic registration) of non-exercised securities (KRW)" of "4. Changes in Securities" above was converted into KRW by applying the standard exchange rate (standard exchange rate of 1,360.32 EUR/KRW announced by Seoul Foreign Exchange Brokerage Co., Ltd. on August 13, 2021).

•  'Current market price' of "6.2 Method adjustment" above means the amount obtained by taking an arithmetic average of the closing prices of 20 trading days until the immediately preceding trading day, including the immediately preceding trading day of the date started, with the trading day immediately preceding the date of disclosure of the initial dividend being the date started.

•  Above "7. Effective Date of Adjusted Price" will take effect retroactively on June 30, 2022 which is immediately after the record date for the 2nd quarter 2022 (July 1, 2022).

Disclaimer

POSCO Holdings Inc. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 17:04:01 UTC.


© Publicnow 2022
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Financials
Sales 2022 86 957 B 60,6 B 60,6 B
Net income 2022 5 138 B 3,58 B 3,58 B
Net Debt 2022 3 939 B 2,75 B 2,75 B
P/E ratio 2022 3,53x
Yield 2022 7,06%
Capitalization 16 208 B 11 297 M 11 297 M
EV / Sales 2022 0,23x
EV / Sales 2023 0,20x
Nbr of Employees 168
Free-Float 84,6%
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Technical analysis trends POSCO HOLDINGS INC.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 22
Last Close Price 222 500,00 KRW
Average target price 364 000,00 KRW
Spread / Average Target 63,6%
EPS Revisions
Managers and Directors
Jeong-Woo Choi Chairman & Co-Chief Executive Officer
In-Hwa Chang Co-President, Co-CEO & Director
Jung-Son Chon Co-Chief Executive Officer & Director
Seung-Kyu Lim Senior Managing Director & Head-Finance
Seong-Wook Lee Head-Legal & Compliance Support
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