Sale of Shares of LG Card
2007-03-27On March 23, 2007, Kookmin Bank sold 11,321,524 shares of LG Card Co., Ltd. Certain details relating to the disposition are as follows:
■ Sale decided by the Creditors’ Steering Committee
- Number of shares sold: 11,129,187 shares
- Sale price: 67,770 Won per share
- Method of sale: Acceptance of tender offer
■ Kookmin Bank’s discretionary disposition
- Number of shares sold: 192,337 shares
- Sale price: 67,770 Won per share
- Method of sale: Acceptance of tender offer
The number of shares sold pursuant to the decision of the Creditors’ Steering Committee was greater by 111,068 shares than the number originally planned to be sold as disclosed on December 19, 2006 (11,018,119 shares).
After this disposition, Kookmin Bank holds 1,922,635 shares of LG Card (representing 1.53% of LG Card’s outstanding shares).