Hotel Shilla corrects disclosure of treasury stock disposal size for convertible bond issuance due to early redemption option exercise.

Hotel Shilla submitted a corrected disclosure regarding treasury stock disposal being pursued for the purpose of issuing convertible bonds with treasury stock as the exchange target. The disposal size has been corrected to 1,598,023 planned disposal shares and KRW 99.397 billion planned disposal amount in relation to the exercise of the early redemption option (put option), with the stock price for disposal at KRW 62,200.

1. 01

   Hotel Shilla corrected the treasury stock disposal size from its initial disclosure on July 3, 2024, adjusting the planned disposal shares from 2,128,569 to 1,598,023 and the planned disposal amount from KRW 132.397 billion to KRW 99.397 billion.

2. 02

   The correction is due to changes related to the exercise of the early redemption option (put option), which occurred in the process of disposing treasury stock for the purpose of issuing convertible bonds.

3. 03

   The stock price for disposal is KRW 62,200, and the disposal is scheduled for July 5, 2024.

4. 04

   The company currently holds 2,135,000 common shares and 11,407 other shares as treasury stock.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

Planned disposal shares before correction

2,128,569

Planned disposal shares after correction

1,598,023

Planned disposal amount before correction

KRW 132.397 billion

Planned disposal amount after correction

KRW 99.397 billion (approximately KRW 99.4 billion)

Stock price for disposal

KRW 62,200

Planned disposal period

July 5, 2024

Filing facts

Filing type

Treasury Share Disposal

Report name

[Amended] Decision on Treasury Share Disposal

Filed

Oct 6, 2026

Receipt number

20261006000311