SNK to be Delisted on the 18th... "Sell-off Request Implemented as Part of Investor Protection"

[Asia Economy Reporter Hwang Yoon-joo] SNK announced on the 17th that it will implement investor protection measures following its delisting from the KOSDAQ market on the 18th.

The company stated, "Our largest shareholder, Electronic Gaming Development Company (EGDC), will purchase the company's shares, which are the underlying assets, as a special controlling shareholder to protect minority investors, and will pay the holders of the company's Korean Depositary Receipts (KDR) according to the number of KDRs they own."

The payment for the shares sold to selling shareholders is 37,197 KRW per KDR. The special shareholder's scheduled acquisition date of the sold shares is July 27, and the payment period is from July 27 to 29.