KPM Tech "Warrants Delisting Unrelated to Common Stock Delisting"

[Asia Economy Reporter Hyungsoo Park] KPM Tech has addressed shareholders' misunderstandings by announcing that the delisting of warrants is unrelated to the delisting of common stock.

On the 13th, KPM Tech explained on its company website that the delisting of the warrant securities (5WR) is due to the expiration of the exercise period.

KPM Tech issued the 5th series of bonds with warrants (BW) on August 22, 2017. The exercise period for the warrant securities (5WR) of these bonds expires on the 11th of next month.

Bonds with warrants are bonds that grant the right (warrant) to subscribe to new shares at an exercise price. In the case of the 5th series BW issued by KPM Tech, the bonds and warrants can be traded separately. The recent announcement explains that the delisting is due to the expiration of the exercise period for the warrants, which were traded separately from the bonds.

A company official stated, “Many shareholders have mistaken this for the company’s stock delisting and have made numerous inquiries. The warrants (5WR) are unrelated to the stocks currently traded on the KOSDAQ market, and we hope shareholders will not be misled.”

This content was produced with the assistance of AI translation services.