ILYA Co., Ltd announced a private placement of 14,994,377 common shares at issue price of KRW 907 per share for gross proceeds of KRW 13,599,899,939, Series 27 unregistered coupon unguaranteed private convertible bond for the gross proceeds of KRW 13,000,000,000; aggregate proceeds of KRW 26,599,899,939 on November 14, 2022. The transaction includes participation from Ritco Fund for 14,994,377 common shares and Delia Fund 1. The transaction of common shares is expected to close on February 17, 2023. The transaction has been approved by the board of directors of the company.

The shares to be issued shall have a hold period of 1 year from the closing. The transaction of the convertible bond is expected to close on April 17, 2023. The bond carry 3% coupon interest rate and 4% yield to maturity and will mature on April 17, 2026.

The bonds are 100% convertible into 12,596,899 shares at a conversion price of KRQ 1,032 per share with the conversion period from April 17, 2024 to March 17, 2026.