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LG.Philips LCD Announces Underwriters’ Exercise of Over-Allotment Option
2005-07-22
As a result of the over-allotment option exercise, the Company will receive additional net proceeds, after underwriting discounts and commissions, of approximately US$0.19 billion, which will result in total net proceeds from the offering of approximately US$1.36 billion.
LG.Philips LCD plans to use the net proceeds from this offering principally to fund its capital expenditures in Korea.
Morgan Stanley & Co. International Limited and UBS Investment Bank are acting as joint global coordinators & joint bookrunners and ABN AMRO Rothschild and Citigroup Global Markets Limited are acting as joint bookrunners.
A copy of the prospectus relating to the offering of ADSs may be obtained from Morgan Stanley at 30/F, Three Exchange Square, Central, Hong Kong, from UBS Investment Bank at 299 Park Avenue, New York, NY 10171, from ABN AMRO Inc., Park Avenue Plaza, 55 East 52nd Street, 6th Floor, New York, NY 10055 or Citigroup Global Markets Limited at Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of such state.
About LG.Philips LCD
LG.Philips LCD (NYSE: LPL, KRX: 034220) 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. Headquartered in Seoul, South Korea, LG.Philips LCD currently operates six fabrication facilities in Korea and has approximately 15,000 employees in locations around the world. For more information about the Company, please visit http://www.lgphilips-lcd.com.
LG.Philips LCD makes "Technology you can see!"
Investor Relations Contacts:
LG.Philips LCD
Jay Hong (Korea)
Tel: +822-3777-1010
Email: jay.hong@lgphilips-lcd.com
Sloane & Company
Monica Huang (USA)
Tel: +1-212-446-1874
Email: mhuang@sloanepr.com
Media Contacts:
Sloane & Company
Elliot Sloane (USA)
Tel: +1-212-446-1860
Email: esloane@sloanepr.com
LG.Philips LCD
Sue Kim (Korea)
Tel: +822-3777-0970
Email: sue.kim@lgphilips-lcd.com