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Shinhan Financial Group Co: Shinhan Financial Group Redeemed A Redeemable Preferred Shares

The following excerpt is from the company's SEC filing.

On April 21, 2016, Shinhan Financial Group redeemed all of its Redeemable Preferred Shares, according to the redemption conditions set at the timing of an issuance.

The details of redemption are as follows:

1. Details of Redemption

1) Redeemed Preferred Shares: Series 12 redeemable preferred shares

2) Issuance Date: April 21, 2011

3) No. of shares subject to redemption: 11,100,000 shares

4) Redemption Date: April 21, 2016

5) Redemption Price per share (including accrued interests): KRW 101,696.932

6) Total Redemption Amount: KRW 1,128,835,945,200

(Issue Price: KRW 1,110,000,000,000 & Interests: KRW 18,835,945,200)

2. Number of Shares issued & outstanding

Share Type

Before redemption

After redemption

Change

Common Shares

474,199,587

Redeemable Preferred Shares

(11,100,000

Total

485,299,587

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Shinhan Financial Group Co: 1. Number Of Shares Owned By Nps Share Type - April 21, 2016
Shinhan Financial Group Co: Shinhan Financial Group 2016 1Q Operating Results
Shinhan Financial Group Co: Shinhan Financial Group 2016 1Q Earnings Release Conference - April 14, 2016
Shinhan Financial Group Co: 2) Total Amount Paid As Of Dec. 31, 2015 - April 1, 2016