POSCO : Occurrence of Causes for Corporate Dissolution
08/16/2022 | 04:22am EST
Occurrence of Causes for Corporate Dissolution
POSCO Energy Co., Ltd.
's material business matters to report
1. Cause for dissolution
Merger between subsidiaries
2. Details of dissolution
POSCO Energy Co., Ltd. ("POSCO Energy") will be merged with and into POSCO International Co., Ltd. ("POSCO International").
3. Occurrence (decision) date of dissolution cause
-Attendance of outside directors
-Attendance of auditors (members of Audit Committee)
4. Other matters to be factored into investment decisions
- This disclosure is about POSCO HOLDING's subsidiary POSCO Energy's decision on merger and expected merger schedules is as below:
* Date of board resolution (decision date) and date of conclusion of merger contract : August 12, 2022
* Scheduled date of shareholders'meeting : November 4, 2022
* Record date of merger : January 1, 2023
* Scheduled date of merger registration : January 2, 2023
※ Merger schedule may be subject to change depending on the process of approval of licenses/permits and consultation/approval with relevant authorities under applicable laws and regulations. For more details, please refer to POSCO International and POSCO Energy's disclosure 'Decision on Merger' made on August 12, 2022.
POSCO Holdings Inc. published this content on 16 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2022 08:21:09 UTC.