DL E&C : Decision on Entering into Trust Contract for Acquisition of Treasury Stock
May 27, 2022 at 04:59 am EDT
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Decision on Entering into Trust Contract for Acquisition of Treasury Stock
1. Contract amount (KRW)
29,000,000,000
2. Contract period
Start date
2022-05-26
End date
2022-11-25
3. Purpose of contract
To stabilize share price and enhance shareholder value
4. Counterparty (trust company)
Korea Investment & Securities Co., Ltd.
5. Scheduled contract date
2022-05-26
6. Treasury stock holdings before contract
Acquisition within profits available for dividends (shrs.)
Common stock
-
Ratio (%)
-
Different classes of stocks
-
Ratio (%)
-
Acquisition for other reasons (shrs.)
Common stock
23,853
Ratio (%)
0.1
Different classes of stocks
1,934
Ratio (%)
0.1
7. Date of board resolution (decision date)
2022-05-26
- Attendance of outside directors
Present (No.)
4
Absent (No.)
-
- Attendance of auditors (members of Audit Committee who are not outside directors)
-
8. Entrusted brokerage company
Korea Investment & Securities Co., Ltd.
9. Other matters to be factored into investment decisions
- This contract is a new trust contract for acquisition of treasury stock.
【Limit to Acquiring Treasury Stocks】
Category
Amount (KRW)
1. Limit to "profits available for dividends" in the Commercial Act as of the immediately preceding business year end
ⓐ. Net assets
3,793,792,722,851
ⓑ. Amount of capital
107,363,115,000
ⓒ. Total amount of capital reserve and earned surplus reserves accumulated up to preceding business year
3,271,623,795,128
ⓓ. Unrealized gain as prescribed by Presidential Decree
61,391,717,550
Sub total (ⓐ-ⓑ-ⓒ-ⓓ)
353,414,095,173
2. Acquired amount of treasury stock after previous fiscal year end
-
3. Amount of 'dividends' and related 'earned profit reserve' decided at annual general meeting of shareholders after previous fiscal year end
63,813,260,225
4. Amount of 'interim/quarterly dividends' and related 'earned profit reserves' decided by board of directors after previous fiscal year end
-
5. Amount of trust contract
-
6. Acquisition cost of treasury stock sold after previous fiscal year end (moving average method)
-
Limit to acquisition of treasury stock (1-2-3-4-5+6)
289,600,834,948
【Holding Amount of Treasury Stock before Decision to Enter into Trust Contract】
(in shrs.)
Methods of acquisition
Type of stocks
Beginning balance
Change
Closing balance
Remarks
Acquisition (+)
Disposal (-)
Share retirement (-)
Amount of stocks acquired within profits available for dividends
Direct acquisition
Direct acquisition in exchange
Common stock
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Direct acquisition in OTC
Common stock
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Tender offer
Common stock
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Sub total (a)
Common stock
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Acquisition by trust contract
Number of stocks indirectly held through trust contracts
Common stock
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Number of stocks directly held
Common stock
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Sub total (b)
Common stock
-
-
-
-
-
--
Different classes of stocks
-
-
-
-
-
-
Amount of stocks acquired for other reasons (c)
Common stock
23,853
-
-
-
23,853
-
Different classes of stocks
1,934
-
-
-
1,934
-
Total (a+b+c)
Common stock
23,853
-
-
-
23,853
-
Different classes of stocks
1,934
-
-
-
1,934
-
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Disclaimer
DL E&C Co. Ltd. published this content on 27 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2022 08:58:34 UTC.
DL E&C Co Ltd is a Korea-based company principally engaged in the construction business. The Company mainly engages in the building construction, including construction of residential and non-residential buildings, among others; civil works such as roads, bridges, ports, railways and others; plant construction such as petrochemical plant, power plant and others.