Mirae Asset Securities Completes Issuance of 59 ELW Series Worth about KRW 59 Billion, No Capital Change and Neutral to Shareholder Value
Mirae Asset Securities has completed the issuance of a total of 59 equity-linked warrants ELW series from M803 to M861, as confirmed in the securities issuance performance report.
The total issuance amount is approximately KRW 59 billion, and all units were allocated in bulk to Mirae Asset Securities itself as the liquidity provider, with no public subscription.
The raised funds will be used entirely for hedging underlying assets, involving no capital change or change in outstanding shares, thus no dilution for existing shareholders.
The issued products are high-risk principal-protected derivative securities not covered by the Depositor Protection Act, with potential total loss of principal due to underlying asset price fluctuations.
Mirae Asset Securities holds an AA credit rating and has been pursuing active shareholder return policies including KRW 174.2 billion in cash dividends and KRW 175.2 billion in treasury stock cancellation for fiscal year 2025.
[AI Summary]This securities issuance performance report documents Mirae Asset Securities' routine derivative product issuance, with no changes in capital structure or governance, making the direct impact on shareholder value neutral. However, investors should understand the high-risk nature of the issued products and the issuer's credit risk.