Date: December 22, 2022

On December 22, 2022, at 10:00 a.m., the Board of Directors of Sama Aluminium resolved to proceed with a capital increase and the issuance of convertible bonds through a third-party allotment.

The decision was made in response to the anticipated rise in demand for aluminium foil used as cathode current collectors in lithium-ion batteries (LIBs), driven by the global growth of the electric vehicle market. The capital raised will be used to fund related facility investments and to establish strategic partnerships.

The third-party allotment will involve both strategic investors (SI) and financial investors (FI). Strategic investors include LG Energy Solution Ltd. (LGES) and Toyota Tsusho Corporation (TTC), while the financial investor is JKL ESG Future Mobility Value Chain Private Equity Fund (hereinafter referred to as JKL Partners).

 

<Details of the Capital Increase via Third-Party Allotment>

1. Type and Number of New Shares: 3,711,916 common shares (par value: KRW 500 per share)

2. Issue Price per Share: KRW 31,050

3. Total Issue Amount: KRW 115,254,991,800

4. Allocation Details:

    LGES: 1,500,000 shares

    TTC: 1,500,000 shares

    JKL Partners: 711,916 shares
    (All newly issued shares will be subject to a one-year lock-up period.)

5. Payment Date: January 27, 2023

6. Scheduled Listing Date: February 9, 2023

 

<Details of the Convertible Bond Issuance>

1. Name of Bonds: Sama Aluminium Co., Ltd. 1st Unsecured Private Convertible Bonds (Bearer Type)

2. Type: Unsecured, bearer-type, private convertible bonds

3. Total Issue Amount: KRW 10,000,000,000

4. Investor: JKL Partners

5. Payment Date: January 27, 2023

6. Maturity Date: January 31, 2028

7. Conversion Price and Number of Shares: KRW 34,712 / 288,084 shares

8. Conversion Period: January 27, 2024 – December 31, 2027