UTI Largest Shareholder Park Deok-young Increases Stake via Open Market Purchase with 9.2 Billion Won, but Ownership Percentage Dips to 31.89% Due to Convertible Bond Conversion Share Increase
The largest shareholder Park Deok-young acquired 43,980 shares through open market purchases on March 4 and 5, 2026, increasing his total holdings to 6,311,640 shares, but the ownership percentage decreased slightly from 32.01% to 31.89% due to an increase in total outstanding shares resulting from convertible bond conversion.
The acquisition was funded entirely with personal funds amounting to approximately 923 million KRW with no borrowings.
The total outstanding shares increased by 210,996 shares due to conversion of convertible bonds. The largest shareholder states that any future management decisions will be made considering shareholder interests.
[AI Summary]The voluntary open market purchase by the largest shareholder signals confidence in the company, but the dilutive effect from convertible bond conversion limits the impact on net profit. The slight decrease in ownership percentage does not materially affect management stability and is viewed as a neutral signal for short-term stock price.
KOSDAQ Filing Information
[Correction of Description] Report on Large Shareholdings (General)