KSD "If You Don't Want to Receive the General Meeting Notice, Apply for Refusal by the End of Next Year"

Utilization of the 'Non-face-to-face Service for Refusal to Receive Notification Letters'

If you do not want to receive the notice of the shareholders' meeting to be held at the end of March next year, you must complete the refusal application for receiving the notice through the website by the end of next month.

On the 29th, Korea Securities Depository announced that it will provide a non-face-to-face "refusal application for receiving notices" service such as the notice of the shareholders' meeting and dividend notice through the securities agency website.

The refusal application for receiving notices is a service that allows shareholders to refuse to receive various notices such as the notice of the shareholders' meeting and dividend notice sent by the issuing company. This service can only be used for notices sent by corporations (listed and unlisted companies) that have entrusted securities agency work to Korea Securities Depository.

To use the service, access the refusal application menu for receiving notices on the Korea Securities Depository securities agency website via PC or mobile device, follow the website instructions to complete the identity verification process, select the notices you wish to refuse to receive, and then click the application registration button.

The refusal application for receiving notices is processed on the day of application, and it must be completed before the issuing company prints the notices such as the notice of the shareholders' meeting and dividend notice in order to not receive those notices.

Therefore, shareholders who do not want to receive the notice of the shareholders' meeting and dividend notice for the shareholders' meeting to be held at the end of March next year must apply for the service by the end of January next year.

Also, since this service is limited to companies that have appointed Korea Securities Depository as the registrar handling stock-related affairs on their behalf, shareholders should check whether the issuing company has appointed a registrar before applying for the service.

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