LG Uplus : Matters Related to Ad Hoc Public Disclosure Obligation (Fair Disclosure)
February 03, 2022 at 03:39 am EST
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Matters Related to Ad Hoc Public Disclosure Obligation (Fair Disclosure)
1. Details of information
Disclosure title
Guide to the mid- to long-term dividend policy to enhance shareholder value
Summary of ad-hoc public disclosure
- Based upon the principle of enhancing shareholder value, LG Uplus determines dividends within the profits available, taking into account investments for the Company's sustained growth, financial structure, management environment, etc.
- In order to strengthen the shareholder return policy, from the 2022 fiscal year, LG Uplus plans to change the dividend policy by increasing the existing dividend payout ratio of 30% or more to 40% or more of the net income based on the separate financial statements (excluding one-time non-recurring profit).
- By communicating with the market through this dividend policy, LG Uplus will strengthen sustainable management and improve the predictability of shareholder return.
Expected ad-hoc public disclosure date & time
-
2. Details of information release
Information providers
LG Uplus Corp. IR Team
Information recipients
Domestic and foreign investors, mass media organizations, etc.
Date & time of information release
To be disclosed as needed after this fair disclosure
Title and place of event held
-
3. Contact points (department/phone number)
070-4080-9849
4. Other matters to be factored into investment decisions
- The dividend policy above is subject to change based on the management environment. A redisclosure will be made for any changes.
- Details including the dividends for each fiscal year will be determined at the Company's board meeting and general shareholders' meeting.
※ Related disclosure
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Disclaimer
LG Uplus Corporation published this content on 03 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2022 08:38:02 UTC.
LG Uplus Corp is a Korea-based company engaged in the provision of telecommunication services. The Company operates the business through two segments. The Telecommunication and Other Sales segment is engaged in the wired and wireless communication services including mobile communication services, triple play services (TPSs), data services, telephone services, and Internet protocol television (IPTV) services. The Terminal segment is engaged in the distribution of wired and wireless electronic terminals such as mobile phones, tablets and smart watches. The Company operates its businesses in the domestic and overseas markets such as Europe, Asia and United States.