[Alpha Biz=(Chicago) Reporter Paul Lee] LG Display announced on the 4th that it has confirmed the total amount of funds to be raised with paid-in capital increase of 1.2924 trillion won.

The purpose of financing is 415.9 billion won in facility funds, 482.9 billion won in operating funds and 393.6 billion won in debt repayment funds.

The recruitment price per share is set at 9,090 won, lower than the first issuance price of 10,070 won. As a result, the total amount of recruitment also decreased by 139.4 billion won from 1.4318 trillion won based on the first issuance price.

LG Display is planning to list the new shares on the 26th after subscribing to the employee stock ownership association on the 6th, subscribing to the old shareholders from the 6th to the 7th, and subscribing to the general public offering on the 11th to the 12th.

Earlier in December last year, LG Display decided to make a capital increase in the general public offering of disqualified shares after allocating shareholders to allocate 142,184,300 new shares to strengthen its organic light emitting diode (OLED) business competitiveness and growth base.

The company plans to use the funds secured by paid-in capital increase for facility investment to expand small and medium-sized OLED businesses and to stabilize production and operations in all OLED business areas.

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