LPL » Topics » 8. Major Events after March 31, 2005

This excerpt taken from the LPL 6-K filed May 16, 2005.

8. Major Events after March 31, 2005

 

  A. Grant of Stock Option by Board of Directors’ Resolution

 

(1) Grant date: April 7, 2005

 

(2) Number of shares granted this time: 450,000

 

(3) Grantees: LPL’s Director and Executive Officers (Total 9 persons)

 

(4) Method of grant: Cash payment for the difference between the market price and the exercise price in the

                                  event that the market price is higher than the exercise price.


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(5) Exercise price: KRW 44,260

 

(6) Exercise period: April 8, 2008 ~ April 7, 2012

 

(7) Terms of exercise: Only 50% of the initially granted shares can be exercised if the increase in our share price

                                 is the same or less than the increase in the KOSPI(Korea Composite Stock Price Index)

                                 during the 3 years following the grant date.

 

  B. Issuance of Overseas Convertible Bonds

 

(1) Issuing date: April 19, 2005 and April 28, 2005

 

(2) Maturity date: April 19, 2010

 

(3) Aggregate face value: US$ 475,000,000

 

(4) Application period for conversion: From June 27, 2005 to April 4, 2010

 

(5) Conversion Price: KRW 58,435

 

(6) Shares to be converted: Common stocks of LG.Philips LCD

 

(7) Coupon rate: Zero

 

(8) Yield to Maturity: 3.25%


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