Largest Shareholder Seongho Jeon Discloses Changes to Shareholders' Agreement with No Change in Stake
Reporting person Seongho Jeon and 23 special related persons hold 17,936,478 shares (32.72%), unchanged from previous report
Reason for filing is a change in contracts regarding held shares, including amendments to existing shareholders' agreement and new agreements with Align Partners and others
Jeon plans to sign amendment agreements to waive 50% of call options, relinquish right of first refusal, and allow shadow voting on independent director, auditor, and compensation agenda items
Jeon entered into an agreement regarding the exercise of redemption rights for 6 million Series 2 Redeemable Convertible Preferred Shares (RCPS1) within a certain period
Among Jeon's holdings, 2 million shares (3.65% stake) are pledged to Korea Securities Finance