SK Discovery Co.,Ltd. Settlement of PRS contract on SK ecoplant shares, expected KRW 417.9 billion
SAI summary · Not investment advice
SK Discovery will settle its contract on 7.26 million SK ecoplant shares sold at KRW 88,000 each, expecting about KRW 417.9 billion, 6.1% of its equity.
Commentary
AI commentary · Not investment advice
What happened
SK Discovery will settle a PRS contract (a price return swap, where gains and losses follow a stock's price) tied to 7,268,287 shares of SK Ecoplant Co., Ltd. The shares were sold at KRW 88,000 per share by joining SK Inc.'s tender offer (a public offer to buy shares). The sale and payment are complete. The contract price was KRW 30,500 per share. The expected settlement amount is about KRW 417.9 billion. This is before sale-related costs, so the actual amount may differ.
In the company's terms
The contract was signed in June 2019. It covered 9,970,989 shares that an investor sold at that time. Part of it was settled in July 2022, and the remaining shares are the 7,268,287 shares now settled.
What changes for shareholders
The expected settlement amount is about 6.1% of consolidated equity of KRW 6,851.2 billion at the end of 2025.
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