Send us Feedback

LG Display (LPL)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

LPL » Topics » Resolution on Issuance of Overseas Convertible Bonds

This excerpt taken from the LPL 6-K filed Apr 6, 2007.

Resolution on Issuance of Overseas Convertible Bonds

 

1.    CB Status:    The CBs constitute direct, unconditional, unsubordinated and unsecured debt obligation in registered form
2.    Aggregate face value:    Up to USD 550 million, including greenshoe option of up to USD 50 million
3.    Offering for CB:    Outside of the United States in reliance on Regulation S of the Securities Act of 1933.
4.    Listing :    Singapore Exchange
5.    Use of proceeds:    General corporate purpose including capital expenditures

6.  Interest rate

 

    A.

    Coupon rate:   Zero Coupon

    B.

    Yield to maturity:   To be determined on the pricing date

7.   Maturity date: To be determined (5 years from the closing date)

8.   Method of principal repayment

 

    A.    Repayment on maturity date :    The redemption amount will be determined on the pricing date upon consultation with bookrunners.
    B.    Put option:    Any holder of convertible bonds is entitled to exercise its put option on the day after 3 years from the issuance date. The redemption amount per CB will be determined on the pricing date upon consultation with bookrunners.
    C.    Call option:    LPL is entitled to exercise a call option after 3 years from the closing date under the certain condition. The redemption amount per CB will be determined on the pricing date upon consultation with bookrunners.

9.   Terms of conversion

 

    A.

    Conversion ratio: 100%

    B.

    Conversion price: Conversion price will be determined based on the closing price of our common share on the pricing date plus conversion premium, which will be determined upon consultation with bookrunners.

    C.

    Class of shares to be convertible: Registered common shares

    D.

    The number of shares to be convertible: The number of shares to be issued will be dependent on the conversion price and aggregate face value.

    E.

    Conversion period : From 1 year after issuance date to 15 days prior to the maturity date.

10.   Resolution of Board of Directors

A.    Date: April 6, 2007

B.    Attendance of outside directors: 5 outside directors attended

11.    Others

 

A.    The above aggregate face value of the convertible bonds is the maximum aggregate principal amount of the convertible bonds issuable and includes the greenshoe option which gives the bookrunners the right to purchase additionally up to USD 50 million of CB.
B.    Pricing date and closing date will be determined upon consultation with bookrunners.
C.    Korean residents defined in the Foreign Exchange Transaction Law of Korea are prohibited from acquiring or exercising any rights under the convertible bonds within a 1 year period from the date of issuance of the convertible bonds.
D.    The CB will be originally issued in registered form, in principal amount of USD 100,000 or an integral thereof.
E.    In addition to the above items, matters that are not specified above, timing of issue and the detailed terms and conditions, etc., which are required to enter into the purchase agreement for issuance of the CB, are delegated to the joint representative directors or any person(s) designated by joint representative directors.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    LG.Philips LCD Co., Ltd.
  (Registrant)

Date: April 6, 2007

   By:  

/s/ Ron H. Wirahadiraksa

              (Signature)
  Name:   Ron H. Wirahadiraksa
  Title:   Joint Representative Director /
    President & Chief Financial Officer
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki