LG Display Has Announced That January 26, 2024, Will Be The Record Date For Determining Shareholders Eligible To Participate In The Company's Proposed Offering Of Common Stock And American Depositary Shares
Portfolio Pulse from Benzinga Newsdesk
LG Display Co., Ltd. has set January 26, 2024, as the record date for shareholders to be eligible to participate in its proposed offering of common stock and American Depositary Shares (ADS). The shareholder registry will be closed from January 29 to February 2, 2024. Details of the Rights Offering were provided in a Form 6-K filed with the SEC on December 18, 2023.
December 18, 2023 | 4:43 pm
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LG Display has announced the record date for its upcoming Rights Offering of common stock and ADS. Shareholders on record by January 26, 2024, will be eligible to participate, with the registry closing shortly after for a few days.
The announcement of a record date for a Rights Offering is a procedural step and does not typically have a direct short-term impact on the stock price. However, the offering could dilute existing shares, which might be a concern for shareholders. The importance is rated at 75 due to the potential dilution effect and the relevance is 100 as the news is directly about LG Display. The confidence level is at 90, reflecting the standard nature of such announcements but acknowledging market unpredictability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100