National Pension Service reduces POSCO DX stake from 6.02% to 5.01%, a 1.01 percentage point decrease, maintaining simple investment purpose
The National Pension Service reduced its stake in POSCO DX from 9,158,074 shares to 7,620,930 shares, a decrease of 1,537,144 shares, lowering its ownership from 6.02% to 5.01%.
This change was executed through on-market sales for simple investment purposes and is not intended to influence management. The report includes a confirmation that only legally guaranteed rights will be exercised.
As a highly credible pension fund professional investor, the NPS transaction does not involve any capital structure changes or dividend policy shifts from the company.
[AI Summary]The National Pension Service's reduction in POSCO DX stake is a market sale for simple investment purposes, reaffirming no intention to intervene in management. While not affecting the company's capital or dividend policy, the sell-off by a major shareholder may exert short-term downward pressure on the stock price.