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LPL » Topics » Report on Shareholding of TLI Inc.

This excerpt taken from the LPL 6-K filed May 23, 2008.

Report on Shareholding of TLI Inc.

On May 17, 2008, LG Display acquired 1,008,875 common shares of TLI as we filed on May 13, 2008, and as the following:

 

1. Invested Company (“Issuer”)

 

  1) Name: TLI Inc.

 

  2) Total Number of Voting Shares Issued as of May 17, 2008: 7,760,575

 

2. Investor

 

  1) Name of Reporting Person: LG Display Co., Ltd.

 

  2) Details of Shareholding of TLI Inc:

 

     Date of Change   

Investor

    Percentage of Shareholding
         Number of
Shares (1)		    Percent (2) (%)

Before

    —      —      —      —  

After

    May 17, 2008    LG Display Co., Ltd.    1,008,875    13.0

Increase

    1,008,875    13.0

 

(1) Number of shares beneficially owned by LG Display
(2) Shareholding ratio represented by the number of shares beneficially owned by LG Display

 

  3) Method of Acquisition: Third-Party Allocation of New Shares

 

  4) Class of Share: Common Stock

 

  5) Purchase Price Per Share: KRW 13,950 per share

 

3. Purpose of equity investment:

LG Display Co., Ltd. made this equity investment into Issuer to participate in the management of the Issuer.

LG Display Co., Ltd. will exercise its voting rights with respect to the important matters of the Issuer, such as the election or removal of the directors and auditors, amendment of the articles of incorporation, sale or transfer of all or a material portion of the assets and merger or dissolution. While LG Display Co., Ltd. does not currently have detailed plans about the above voting rights, it will vote in line with the business objectives of the Issuer.

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