Meritz Securities Exercises Call Option on Daejoo CBs - Potential Dilution Reduction
- Meritz Securities exercises call option (put option from issuer perspective) on Daejoo Electronic Materials' convertible bonds (CBs)
- Callable amount: up to largest shareholder's holding ratio and 35% of total CBs (4 tranches, 2025-2026)
- Purchase price: face value + 2% annual compound interest (tranche-specific: 102.0% ~ 104.04%)
- Meritz to pay 80% of realized profit to Daejoo as designated consideration
- Company buyback reduces potential conversion shares → mitigates EPS dilution
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KOSDAQ Filing Information
- Filing: Major Events Report (Exercise of Call Option for Convertible Bonds by a Third Party)
- Company: DaejooElectronicMaterialsCo (078600)
- Submission: DaejooElectronicMaterialsCo.,Ltd.
- Receipt: 05-15-2026