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LPL » Topics » Amendment to Completion of Issuance of Overseas Convertible Bonds

This excerpt taken from the LPL 6-K filed Apr 29, 2005.

Amendment to Completion of Issuance of Overseas Convertible Bonds

 

1. Class of bonds: Zero coupon convertible bonds due 2010 (direct, unconditional, unsubordinated in right of payment, and subject to a negative pledge covenant, unsecured)

 

2. Aggregate face value:    USD 475 million

 

3. Total amount of net proceeds on April 19 and April 28

 

  A. Foreign currency:    USD 471.9 million (equivalent to KRW 473,070 million)

 

4. Course of events

 

  A. Issuance approval date:    April 12, 2005

 

  B. Contract date:    April 12, 2005

 

  C. Subscription date:    April 12, 2005

 

  D. Greenshoe exercised:    April 25, 2005

 

  E. Closing date:    April 19, 2005 and April 28, 2005

 

5. Restriction on acquisition and exercise of rights by Korean:

 

  - Pursuant to Article 62-2 of Korean Regulation on Securities Issuance and Disclosure Act, Korean residents (as defined under the Foreign Exchange Transactions Act) shall not acquire the convertible bonds or exercise rights thereunder for one year from the date of bond issuance.

 

6. Others

 

  A. The above aggregate face value of the convertible bonds includes the issued amount of USD 400 million on April 19 plus the issued amount of USD 75 million by an exercise of the greenshoe option of the bookrunners on April 28.

 

  B. The above total amount of net proceeds includes USD 397.5 million (after deducting the underwriting commission) issued on April 19 plus USD 74.4 million (after deducting the underwriting commission) additionally issued by an exercise of the greenshoe option of the bookrunners on April 28.

 

  C. The above total amount of net proceeds of the convertible bonds in Korean Won is calculated at the exchange rate in effect on the final closing date of April 28, 2005 as firstly announced by Seoul Money Brokerage Services, Ltd. of KRW 1,002.40 to USD 1.00 for the convenience of calculation. (Actual closing dates were April 19 and April 28 respectively)

 

7. Relevant disclosure date:    April 12, 2005

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