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LG.Philips LCD announces exercise of underwriter's over-allotment option
2004-08-20
SEOUL, Korea (Aug. 20, 2004) - LG.Philips LCD (NYSE: LPL, KSE: 034220), one of the world's leading TFT-LCD manufacturers, announced today that the underwriters of its recent initial public offering have exercised their over- allotment option to purchase an additional 3,431,400 American Depositary Shares ("ADS") representing 1,715,700 common shares from the Company at $15 per ADS. The total number of common shares outstanding, including common stock represented by ADS, will be 325,315,700 after the close of the sale of additional shares. The Company expects to close the sale of additional shares on September 7, 2004 or on such other date and time as the Company and the underwriters may agree. All of the shares associated with the over-allotment will be offered by the Company. The representatives of the underwriters in the offering are LG Investment & Securities, Morgan Stanley and UBS Investment Bank. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on July 15, 2004. Copies of the final prospectus relating to the offering may be obtained from Morgan Stanley at 1585 Broadway, New York, NY 10036, from UBS Investment Bank at 299 Park Avenue, New York, NY 10171 or from LG Investment & Securities at West Tower, LG Twin Towers, 20 Yoido-dong, Youngdungpo-gu, Seoul 150-721, Republic of Korea.
THIS PRESS RELEASE IS NOT AN OFFER FOR SALE OF THE SECURITIES IN THE UNITED STATES, AND THE SECURITIES MAY NOT BE SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. ANY PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS CONTAINING DETAILED INFORMATION REGARDING LG.PHILIPS LCD CO., LTD. (THE "COMPANY") AND THE COMPANY'S MANAGEMENT, INCLUDING FINANCIAL STATEMENTS. COPIES OF SUCH PROSPECTUS MAY BE OBTAINED FROM THE UNDERWRITERS . THE COMPANY HAS REGISTERED A PORTION OF THE OFFERING IN THE UNITED STATES. A SECURITIES REGISTRATION STATEMENT RELATING TO THE SHARES OF LG.PHILIPS LCD CO., LTD TO BE OFFERED IN KOREA HAS BEEN FILED WITH THE FINANCIAL SUPERVISORY COMMISSION IN KOREA AND HAS BECOME EFFECTIVE. THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY THE SHARES.
About LG.Philips LCD
LG.Philips LCD (the "Company") is a leading manufacturer and supplier of thin film transistor liquid crystal display (TFT-LCD) panels. The Company manufactures TFT-LCD panels in a wide range of sizes and specifications primarily for use in notebook computers, desktop monitors and televisions. The Company, which operates five fabrication facilities in Korea, is currently constructing its sixth-generation fabrication facility, which is expected to commence mass production during the third quarter of 2004. Headquartered in Seoul, South Korea, LG.Philips LCD has approximately 9,000 employees in locations around the world.
LG.Philips LCD makes "Technology you can see!"
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