This excerpt taken from the LPL 6-K filed Jul 25, 2005.
SEOUL, Korea (July 22, 2005) LG.Philips LCD Co., Ltd. (NYSE: LPL, KRX: 034220), one of the worlds leading TFT-LCD manufacturers, announced today that the underwriters of the Companys recent follow-on offering of American Depository Shares (ADSs) have exercised their over-allotment option to purchase an additional 4.6 million primary shares in the form of ADSs at US$21.32. Each ADS represents one-half of one share of common stock.
As a result of the over-allotment option exercise, the Company will receive additional net proceeds, after underwriting discounts and commissions, of approximately US$0.19 billion, which will result in total net proceeds from the offering of approximately US$1.36 billion.
LG.Philips LCD plans to use the net proceeds from this offering principally to fund its capital expenditures in Korea.
Morgan Stanley & Co. International Limited and UBS Investment Bank are acting as joint global coordinators & joint bookrunners and ABN AMRO Rothschild and Citigroup Global Markets Limited are acting as joint bookrunners.
A copy of the prospectus relating to the offering of ADSs may be obtained from Morgan Stanley at 30/F, Three Exchange Square, Central, Hong Kong, from UBS Investment Bank at 299 Park Avenue, New York, NY 10171, from ABN AMRO Inc., Park Avenue Plaza, 55 East 52nd Street, 6th Floor, New York, NY 10055 or Citigroup Global Markets Limited at Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220.