Matters Related to Ad Hoc Public Disclosure Obligation (Fair Disclosure)
October 29, 2021 at 06:51 am EDT
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Matters Related to Ad Hoc Public Disclosure Obligation (Fair Disclosure)
1. Details of information
Disclosure title
Mid-term dividend policy (FY 2021-2023)
Summary of ad-hoc public disclosure
To enhance the shareholder value, the company seeks to improve the stability and predictability of dividends by providing information on the dividend policy as follows.
1. Determination of total dividend within 20% to 40% of the net income from the separate financial statements
- Determination of dividends based on performance results, but pursue the direction of a progressive upward dividend policy
2. Interim dividend to be implemented from 2022
- Strengthen the shareholder friendly management by implementing interim dividends in addition to the end year dividends
3. Dividend policy to undergo review regularly every three years
- The above dividend policy is the dividend policy for 2021 - 2023, and it is planned to continuously enhance the shareholder value by reviewing and announcing the dividend policy every three years.
Expected ad-hoc public disclosure date & time
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2. Details of information release
Information providers
IR Team, SK Gas Co., Ltd.
Information recipients
Domestic and overseas Investors, analysts, media, etc.
Date & time of information release
To be released as needed after this fair disclosure
Title and place of event held
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3. Contact points (department/phone number)
IR Team / 82-(0)2-6200-8376
4. Other matters to be factored into investment decisions
- The above dividend policy may change, depending on the management environment and market conditions, and the details including dividends for each business year will be finalized and decided through the approval by the company's board of directors and general meeting of shareholders.
※ Related disclosure
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Disclaimer
SK GAS Ltd. published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 10:50:04 UTC.
SK Gas Ltd is a Korea-based company engaged in the import, storage and marketing of liquid petroleum gas (LPG). The Company imports LPG from the Middle East countries, such as Saudi Arabia, Kuwait and the United Arab Emirates, and provides LGP to domestic oil refineries, petrochemical companies, gas stations and other industries. The Company also operates storage terminals in Ulsan and Pyeongtaek, Korea. The Company also exports LPG to overseas markets.