Vidente Co., Ltd. announced a private placement of series 18 non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 50,000,000,000 on November 25, 2021. The transaction will include participation from PNR No.1 Fund. The bonds will carry an interest rate and yield to maturity of 1% each, are issued at par value and will mature on February 25, 2025.

The bonds will be 100% convertible into 2,000,240 common shares representing 4.38% stake at a price of KRW 24,997 per share. The conversion period is from February 25, 2023 to January 25, 2025. The transaction has been approved by the board of directors of the company.

The subscription date will be November 29, 2021 and payment date will be February 25, 2022.