March 05, 2001 in Social Responsibility News

Not to participate in Blueteck ITL rights offering

Contents
- giving up rights of all 533,219 shares(4.35 billion won) allocated to SEC
- SEC's share 99.9%->after 90%

※ Details of Blueteck rights offering
-size: 5.43 billion won(before 30billion won->after 33.33billion won)
allocated 20% of newly issued stocks to employee stock ownership association (133,303 shares, 1.08 billion won)
→168 union members have about 793 shares each
80% allocated to former shareholders(SEC)->unsubscribed shares
-DATE: March 9, 2001

Objectives
- to prevent brain drain of core human resources from Digital Audio related business by allocating newly issued stocks to employee stock ownership association
- issued price is higher than evaluated price and therefore it is unnecessary to part-take in rights offering(29.3% discount of issued price since the evaluated price by Samil accounting corporation was 6,305 won per share)
- unanimous approval


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