LG Display: Announces a Rights Offering Capital Raise of 1.36 Trillion Won

• LG Display announced on 18 December that it will conduct a rights offering capital raise worth 1.36 trillion won.

• The rights offering capital raise involves 142 million shares, which represent 39.7% of its existing outstanding shares.

• We believe this rights offering will have a negative impact on LG Display's share price as it will significantly dilute existing shareholders.