Fact Source: Financial Supervisory Service DART
Market: KOSPI (000660)
💡 3-Second Summary
Following the payment of cash dividends, the exchange price for SK hynix’s foreign currency Exchangeable Bonds (issued in April 2023) has been adjusted downward from KRW 111,180 to KRW 110,033.
📊 [Key Disclosure Details & Financial Summary]
- Details of Target Securities
- Security Type: Foreign Currency Exchangeable Bonds (Issued April 11, 2023)
- Listing Status of Warrants: N/A
- Exchange Price Adjustment
- Pre-adjustment Exchange Price: KRW 111,180
- Post-adjustment Exchange Price: KRW 110,033
- Effective Date of Adjusted Price: January 1, 2024 (Retroactively applied immediately following the dividend record date of December 31, 2023)
- Change in Number of Exchangeable Shares
- Unexercised Principal Amount: KRW 2.24T (KRW 2,237,710,000,000 / converted at the base exchange rate of 1,316.30 KRW/USD on April 3, 2023)
- Pre-adjustment Exchangeable Shares: 20,126,911 shares
- Post-adjustment Exchangeable Shares: 20,336,717 shares (+209,806 shares)
- Reason and Method of Adjustment
- Reason for Adjustment: Exchange price adjustment due to cash dividend payouts
- Basis and Calculation Method: Applied bond contract formula [Adjusted Exchange Price = Pre-adjustment Price x ((Market Price per Share – Cash Dividend per Share) / Market Price per Share)] (Market Price per Share equals the 20-consecutive-trading-day arithmetic average closing price prior to the dividend approval date)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Tracking Changes in Potential Exchangeable Shares Due to Price Adjustment
This disclosure outlines the downward adjustment of the exchange price for foreign currency Exchangeable Bonds following cash dividend distributions, resulting in an increase in potential exchangeable shares. Verifying adjustment terms driven by dividend payouts alongside the remaining unexercised principal amount is crucial for understanding the volume of potential equity dilution upon future exchange rights execution. Details regarding unexercised bond statuses can be verified in the ‘Matters Concerning Capital Raising via Securities Issuance’ and ‘Status of Corporate Bonds Issued’ sections of upcoming Quarterly, Half-Year, or Annual Reports.
📢 Disclaimer & Fact Source
Source: This content was newly generated and structured based on official disclosure data from the Financial Supervisory Service’s DART system.
Investment Risk Warning: This content is provided solely for information purposes and linguistic reference. Under no circumstances does it constitute financial advice or a recommendation to buy/sell specific stocks. All investment decisions and financial responsibilities lie entirely with the investor.
Contact Us: For compliance queries or copyright requests, please contact ksb220805@gmail.com.
