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LG Display lowers conversion price of 1.5% convertibles due 2024
Chicago, March 23 – LG Display Co., Ltd. lowered the conversion price on its 1.5% convertible bonds due 2024, according to a notice.
The new conversion price is KRW 19,165, down from KRW 19,845.
The new conversion price was effective as of Dec. 29, 2021, one day after the record date.
The adjustment is due to a cash dividend paid to all shareholders of record on Dec. 28 of KRW 650 per share.
Citicorp International Ltd. is the trustee for the bonds.
LG Display is a Seoul, South Korea-based maker of electronic display panels.
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