Entermedia Co.,Ltd. announced a private placement of series 4th non-guaranteed private equity convertible bonds with bearer type interest for gross proceeds of KRW 6,000,000,000 on April 22, 2022. The bonds will carry a fixed coupon rate of 2% per annum and yield to maturity of 2% per annum. The bonds are redeemable in lump sum on its maturity date, May 16, 2025.

The bonds are 100% convertible into common shares of the company at a fixed conversion price of KRW 2,606 per share from June 16, 2022 to April 16, 2025. The bonds will be issued at par. The expected payment date is May 16, 2022.

The transaction has been approved by the board of directors of the company. The securities are issued through cash acquisition method.