Neotis Decides on Capital Increase via Third-Party Allotment of Convertible Preference Shares

Capital increase decision: Issuance of convertible preference shares via third-party allotment (conversion price 27,199 won, conversion ratio 1:1)
Preference share features: Voting rights, 5-year term, preferential dividend rate of 1% of face value, cumulative and participating dividends
Conversion period: From 1 year after issuance (June 6, 2027) until maturity
Conversion price adjustment: Quarterly adjustment linked to market price with floor at 80% of initial conversion price and cap at initial conversion price
Call option: Issuer can demand sale of up to 10% of total preference shares at IRR 1% price from 1 year after issuance until conversion
Purpose of fund raising: Not disclosed (to be confirmed)

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