Align Partners and Others File Large Shareholding Report for Management Influence and Negotiate Amendment to Shareholders' Agreement
The reporting person (Align Partners Asset Management, etc.) filed a large shareholding report for the purpose of influencing management
A shareholders' agreement exists between the reporting person and special relations (Sofus First, AB Alpha First, Shinhan Mezzanine funds): includes call option (1,047,302 shares), tag-along right, right of first refusal, etc.
The reporting person agreed to an amendment to the shareholders' agreement with Align Partners Asset Management etc.: to waive 50% of call option and designate to employees, waive ROFR, and agree to shadow voting on independent director/auditor appointments and compensation
Agreement to push for redemption of the Company's Class 2 Redeemable Convertible Preferred Shares (RCPS1) of 6,000,000 shares
Shares held by Align Partners Value Action fund (1,476,207 shares) are excluded from the voting agreement