POSCO Holdings cuts bond exchange price after dividend
POSCO HOLDINGS INC. is adjusting the exchange price on its foreign currency denominated exchangeable bonds issued on September 1, 2021, following a cash dividend.
Rhea-AI Filing Summary
POSCO HOLDINGS INC. is adjusting the exchange price on its foreign currency denominated exchangeable bonds issued on September 1, 2021, following a cash dividend. The exchange price changes from KRW 419,025 to KRW 414,343, effective August 25, 2026.
The total par value of unexercised bonds remains KRW 36,864,672,000, but the number of POSCO Holdings shares available for exchange increases from 87,977 to 88,971. The adjustment is calculated under the bond terms using a formula that reflects the per-share cash dividend relative to the current market price.
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Key Figures
Pre-adjustment exchange price: KRW 419,025
Post-adjustment exchange price: KRW 414,343
Par value of unexercised bonds: KRW 36,864,672,000
+4 more
7 metrics
Pre-adjustment exchange price
KRW 419,025
Exchange price on foreign currency denominated exchangeable bonds before adjustment
Post-adjustment exchange price
KRW 414,343
Exchange price on exchangeable bonds effective August 25, 2026
Par value of unexercised bonds
KRW 36,864,672,000
Total par value (electronic registration) of non-exercised securities
Shares exchangeable before adjustment
87,977 shares
Number of POSCO Holdings shares available for exchange before price adjustment
Shares exchangeable after adjustment
88,971 shares
Number of POSCO Holdings shares available for exchange after price adjustment
Effective date of new price
August 25, 2026
Date from which the adjusted exchange price applies
Bond issue date
September 1, 2021
Issue date of the foreign currency denominated exchangeable bonds
Key Terms
exchange price, foreign currency denominated exchangeable bonds, preemptive rights, electronic registration, +1 more
5 terms
exchange price financial
"Adjustment of exchange price following cash dividend of POSCO HOLDINGS INC."
foreign currency denominated exchangeable bonds financial
"Class of Bonds | Foreign currency denominated exchangeable bonds (Issued September 1, 2021)"
preemptive rights financial
"Adjustment of Conversion Price, Exercise Price of Preemptive Rights, and Exchange Price"
A shareholder's preemptive rights are contractual or legal rights to buy new shares first when a company issues more stock, so existing owners can maintain their percentage ownership and voting power. Think of it like getting first dibs on extra slices when a pie is cut again: it limits dilution of ownership and influence by letting current holders purchase enough new shares to keep their stake from shrinking.
electronic registration financial
"Total par value (electronic registration) of non-exercised securities (KRW)"
cash dividends financial
"Adjustment of the exchange price following cash dividends of POSCO HOLDINGS INC."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What exchange price change did POSCO Holdings (PKX) disclose?
POSCO Holdings disclosed an exchange price reduction on its exchangeable bonds from KRW 419,025 to KRW 414,343. This adjustment is tied to a cash dividend and affects how many shares bondholders receive upon exchange.
Which securities are affected by POSCO Holdings (PKX) exchange price adjustment?
The change affects foreign currency denominated exchangeable bonds issued on September 1, 2021. These bonds are exchangeable into POSCO Holdings shares, and the adjusted exchange price modifies the share count deliverable upon exchange.
When does the new exchange price for POSCO Holdings (PKX) bonds take effect?
The adjusted exchange price of KRW 414,343 becomes effective on August 25, 2026. Exchanges occurring on or after this date will use the new price under the bond terms.
Why did POSCO Holdings (PKX) adjust the exchange price on its bonds?
The company cites an adjustment following a cash dividend of POSCO Holdings Inc. Under the bond conditions, events such as cash dividends require recalculating the exchange price to reflect the value distributed to shareholders.
What is the formula POSCO Holdings (PKX) uses for the exchange price adjustment?
The bonds use a dividend-based formula: post-adjustment price = pre-adjustment price × [(current market price − cash dividend per share) ÷ current market price]. This maintains consistency between bondholder and shareholder value after dividends.
AI-generated analysis. How Rhea-AI works. Not financial advice.
