NCSOFT to Change Company Name to NC 28 Years After Founding

NCSOFT will change its corporate name to “NC” and submit to its regular general shareholders’ meeting on March 26 a proposed amendment to its articles of incorporation that clarifies the basis for issuing stock acquisition rights and convertible bonds for mergers and acquisitions and strategic alliances.

On the 23rd, NCSOFT disclosed a notice convening its 29th regular general shareholders’ meeting containing these items. The key agenda items submitted include approval of financial statements, partial amendments to the articles of incorporation, appointment of outside directors and audit committee members, and approval of the cap on directors’ remuneration.

NCSOFT will change its trade name from NCSOFT Corporation to NC Corporation. Its English name will also be revised from NCSOFT Corporation to NC Corporation. The location of its head office will likewise be updated from Seoul Special City to Seongnam, Gyeonggi Province, and the company website address will also be changed.

The company will also clarify the provisions governing the issuance of stock acquisition rights and convertible bonds. In the regulations on issuing stock acquisition rights and convertible bonds, it explicitly stated that, as grounds for allotment to persons other than shareholders, such issuance may be made when necessary to achieve the company’s managerial objectives, including acquisitions, mergers, and other strategic alliances.

This article was translated from the original that appeared on INVEN.