The company entered into an Equity Distribution Agreement on November 8, 2024 with BofA Securities, Inc. and 8 other managers. It covers the sale from time to time of common stock, no par value, for an aggregate gross sales price of up to $900,000,000.

1. 01

   The company entered into an Equity Distribution Agreement on November 8, 2024 with BofA Securities, Inc. and 8 other managers. It covers the sale from time to time of common stock, no par value, for an aggregate gross sales price of up to $900,000,000.

2. 02

   The company said sales under the agreement may be made as an at-the-market offering as defined in Rule 415 and by other methods. Each manager will receive a commission of up to 1% of the gross sales price of the shares it sells.

3. 03

   The company said it may enter into Forward Sale Agreements. The Forward Sellers will not initially pay the company any proceeds from the sale of borrowed shares. The company said it expects to physically settle the agreements by delivering shares and to receive net cash proceeds at settlement.

4. 04

   The company said it plans to use the net proceeds from share sales and from settlement of Forward Sale Agreements to invest in APS to fund capital expenditures, to repay commercial paper outstanding at the company or APS, or for general corporate purposes.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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