Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Wonik IPS has decided to dispose of 800,327 treasury shares (approx. KRW 25.85B) via off-hours block trading to Oasis Management Company Ltd. to comply with the statutory 5-year disposal deadline for shares acquired via appraisal rights.
📊 [Key Disclosure Contents & Summary Metrics]
- Number of Shares to Dispose: 800,327 Common Shares
- Price Per Share: KRW 32,300 per share
- Calculated by applying a 5.0% discount to the closing price (KRW 34,000) on the Board Resolution Date (2023-11-30)
- Total Expected Disposal Amount: KRW 25,850,562,100 (approx. KRW 25.85B)
- Expected Period of Disposal: December 01, 2023
- Purpose of Disposal: Statutory disposal within the prescribed period for treasury shares acquired through appraisal rights (Article 165-5 of the Capital Markets Act)
- Treasury shares acquired due to dissenting shareholders’ appraisal rights during the merger with Wonik Terasemicon in Feb 2019; required to be disposed within 5 years of acquisition
- Method of Disposal: Off-hours Block Trading
- Counterparty (Purchaser): Oasis Management Company Ltd. (Selection basis: Mid-to-long-term investment intention)
- Brokerage Firm: Mirae Asset Securities
- Treasury Share Holdings Prior to Disposal:
- Acquired within Retained Earnings Limit: 408,836 shares (0.8%)
- Other Acquisitions: 819,702 shares (1.7%)
- Total Treasury Shares Held: 1,228,538 shares (approx. 2.5% of total issued shares: 49,083,901)
- Board Resolution Date: November 30, 2023 (3 Outside Directors Present)
- Other Investment Considerations:
- As this falls under the disposal of treasury shares acquired for specific statutory purposes, the submission of a ‘Treasury Share Disposal Result Report’ will be omitted.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Treasury Share Disposal Completion and Share Count Changes
This disclosure serves as a formal notification regarding the off-hours block sale of treasury shares to a specific institutional investor to satisfy statutory disposal requirements. Verifying whether the transaction was completed as scheduled on December 1, resulting in a corresponding decrease in treasury share inventory, is recommended. Detailed changes in treasury share inventory can be checked in subsequent periodic filings (such as the Annual Business Report) under the ‘Treasury Shares’ section.
📢 Disclaimer & Source Notice
Source: This content is structured and rewritten based on official data submitted to the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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