Alphabiz - Lock-up period for 8.5 million LG Energy Solution shares held by institutional investors will be expired on the 27th.

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

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[Alpha Biz=(Chicago) Reporter Kim Jisun] Lock-up period for 8.5 million LG Energy Solution shares held by institutional investors will be expired on the 27th. 

According to the Korea Exchange on the 24th, shares held by LG Energy Solution's employee stock ownership association will be released on the 27th of this month and will be available for sale from the 30th. The employee stock ownership association holds about 8.5 million shares, accounting for about 3.4% of the total issued shares.

There are concerns about overhangs (potential sales). Currently, the stock price is 459,600 won, 53.2% higher than the public offering price of 300,000 won. An average profit of about 135 million won per employee is expected. As profits of 100 million won can be realized, it is observed that a large amount of sales will come out.

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)