Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Jeju Semiconductor has submitted a corrected disclosure changing the issuance format of its 8th series private convertible bonds (CB) from electronic registration to physical issuance and postponing the payment date and maturity date by two days.
📊 [Key Disclosure Contents & Summary of Major Figures]
- Correction Overview
- Corrected Document: Major Matters Report (Decision on Issuance of Convertible Bonds)
- Initial Filing Date: 2025-02-20
- Correction Date: 2025-02-24
- Primary Reasons for Correction: Change in issuance method (electronic registration → physical issuance) and postponement of payment schedule
- Major Corrected Items
- Issuance Method: · Before Correction: Electronic Registration · After Correction: Physical Issuance
- Payment Date: · Before Correction: 2025-02-24 · After Correction: 2025-02-26
- Bond Maturity Date: · Before Correction: 2028-02-24 · After Correction: 2028-02-26
- Conversion Exercise Period: · Before Correction: 2027-02-24 ~ 2028-01-24 · After Correction: 2027-02-26 ~ 2028-01-26
- Board Resolution Date (Correction Resolution): · Before Correction: 2025-02-20 · After Correction: 2025-02-24
- Key Terms of 8th Series Convertible Bonds (Post-Correction)
- Type of Bonds: 8th Bearer Non-interest Bearing Unsecured Private Convertible Bonds
- Aggregate Principal Amount: KRW 6,000,000,000 (KRW 6B)
- Purpose of Funds Raised: Operating funds KRW 6,000,000,000 (Raw material procurement and general operations, KRW 2B allocated annually from 2025 to 2027)
- Surface / Yield to Maturity Rates: 0.0% / 0.0%
- Conversion Price: KRW 18,862 per share
- Shares to be Issued upon Conversion: 318,099 registered common shares of Jeju Semiconductor (0.92% of total outstanding shares)
- Subscription Date: 2025-02-24 / Payment Date: 2025-02-26
- Option Details: · Put Option: Exercisable every 3 months starting 2027-02-26 (Yield rate 0.0%) · Call Option: Exercisable every 3 months from 2026-02-26 to 2027-02-26 (Max acquisition size KRW 6B, annual compound rate 1.0% applied)
- Allottee Details: · Korea Investment & Securities (Trustee for Fund 1 / Lake Asset Management): KRW 1,000,000,000 · Korea Investment & Securities (Trustee for Fund 2 / Lake Asset Management): KRW 500,000,000 · Korea Investment & Securities (Trustee for Fund 3 / Leehyun Asset Management): KRW 1,000,000,000 · Korea Investment & Securities (Trustee for Fund 4 / Rewoon Asset Management): KRW 3,500,000,000
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Revised Bond Issuance Terms and Postponed Payment Date
This corrected disclosure reports changes in the issuance structure of the 8th series convertible bonds, shifting to physical issuance and delaying the payment and maturity dates by two days. Checking the revised payment schedule and modified terms is important to track whether the transaction is progressing in accordance with the updated timeline. Confirmation of the actual bond payment completion can be verified in subsequent regulatory filings, specifically the ‘Securities Issuance Results (Voluntary Disclosure)’ filing.
📢 Disclaimer and Source Notice
Fact Source: Financial Supervisory Service DART
Investment Risk Warning: This content is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any security. All investment decisions and financial liabilities rest entirely with the individual investor.
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