Notice of Stock Split
The company hereby announces that at the extraordinary general meeting held on May 19, 2023, it resolved to split each share with a par value of 500 KRW into five shares with a par value of 100 KRW each, as detailed below.
- details -
1. Method of Stock Split
- One share with a par value of 500 KRW will be split into five shares with a par value of 100 KRW each.
2. Total Number of Issued Shares Before and After the Stock Split
Category | Before Split | After Split |
Types of Stocks | Common Stock Class 1 Redeemable Convertible Preferred Shares | Common Stock Class A Redeemable Convertible Shares |
Par Value per Share (KRW) | 500 KRW | 100 KRW |
Total Number of Issued Shares | 5,214,825 common shares 1,116,313 Class A Redeemable Convertible Shares | 26,074,125 common shares 5,581,565 Class A Redeemable Convertible Shares |
Capital Stock | 3,165,569,000 KRW | 3,165,569,000 KRW |
3. Record date for stock split: June 8, 2023
4. Stock split schedule
- Stock split announcement: May 19, 2023
- Pursuant to Article 65 of the Act on Electronic Registration of Stocks and Bonds, the notice for submission of old stock certificates is exempted.
- Announcement period for record date of stock split: May 19, 2023 to June 7, 2023
- Scheduled trading suspension period: June 8, 2023 to June 14, 2023
- Effective date (record date for stock split): June 8, 2023
- Stock certificate circulation date: June 15, 2023
5. Handling of odd-lot shares: Not applicable
6. Others: The above stock consolidation schedule is subject to change due to consultations with relevant authorities and the processing procedures.
May 19, 2023
UDMTEK Co., Ltd.
14th Floor, Units 1405, 1406, 1407, 1408
91, Changnyong-daero 256beon-gil, Yeongtong-gu, Suwon-si, Gyeonggi-do, Korea
(Iuidong, Ace Gwanggyo Tower 2)
CEO Wang Ji-nam