Sungwoo Electronics Announces Exercise of Call Option on Convertible Bonds: 12-Month Put Option Schedule and Redemption Rates
- Sungwoo Electronics (CEO Cho Il-hyun) disclosed on May 11, 2026, the schedule and redemption rates for the put option (call option) related to the exercise of the third party's (issuer or designee) call option on convertible bonds.
- This put option is exercisable monthly for 12 times from June 21, 2025 to May 21, 2026, on convertible bonds issued on June 21, 2024.
- Redemption rates increase from 101.0000% (1st, June 21, 2025) to 101.9242% (12th, May 21, 2026), applying an annual compound interest rate of 1.0%.
- The exercise of the put option per bondholder cannot exceed 30% of the issue value of bonds held, with limitations on the stake of major shareholders.
- Bondholders are obligated to retain 30% of the bonds originally subscribed in unconverted state until the end of the put option exercise period.
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KOSDAQ Filing Information
- Filing: Major Events Report (Exercise of Call Option for Convertible Bonds by a Third Party)
- Company: Sungwoo Electronics (081580)
- Submission: Sungwoo Electronics Co., Ltd.
- Receipt: 05-12-2026