Posco (PKX) has released an update.
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POSCO Holdings Inc. has announced an adjustment of the exchange price for its foreign currency denominated exchangeable bonds issued in September 2021, following a cash dividend. The adjustment resulted in a decrease in the exchange price from 451,450 KRW to 446,504 KRW and an increase in the number of shares available for conversion, exchange, or exercise. The adjustment, effective retroactively from March 1, 2024, aims to reflect the impact of the cash dividend on the bond’s value.
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