Tae Kwang : Decision on Cash Dividend and Dividend in Kind
March 10, 2022 at 08:56 pm EST
Share
Decision on Cash Dividend and Dividend in Kind
1. Dividend Type
Year-end Dividend
2. Dividend in Distribution
Cash Dividend
- Details of Dividend in Kind
-
3. Dividend per Share(KRW)
Common Shares
100
Different Classes of Shares
-
- Difference Dividend
No
4. Dividend Ratio to Market Value (%)
Common Shares
0.9
Different Classes of Shares
-
5. Total Dividend Amount(KRW)
2,586,724,200
6. Dividend Record Date
2021-12-31
7. Scheduled Dividend Payment Date
-
8. Approving institution
Shareholders' Meeting
9. Scheduled Date of Shareholders' Meeting
2022-03-30
10. Date Of Board Of Directors Resolution(Decision Date)
2022-03-11
- Attendance of Outside Directors
Present(No.)
1
Absent(No.)
-
- Attendance of Auditors(members of Audit Committee)
Present
11. Other references useful for making investment decisions
1. This cash dividend is expected to be proposed to be discussed at the 40th('21) general meeting of shareholders and can be changed during the approval process at the said general meeting of shareholders.
2. The above dividend ratio to market value refers to the percentage ratio calculated by the dividend per share divided by the one-week average close price of two days before the suspension of entry in the register of shareholders.
3. The total dividend is calculated based on 25,867,242 shares (excluding the 632,758 shares of treasury share)in 26,500,000 shares issued.
4. Pursuant to Article 464(2) of the Korean Commercial Law, dividend payment will be made within one month from the shareholders' meeting.
※ Title and date of other disclosure related to this one
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TK Corporation published this content on 11 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2022 01:55:01 UTC.
TK Corp is a Korea-based company engaged in the manufacture and distribution of pipe fittings. The Company operate its business through two segments. The Plant Equipment segment principally provides pipe fittings of elbow types, tee types and reducers, which are made of carbon steels, low alloy steels, non-ferrous steels and stainless steels, used to connect pipe ends for oil and gas, chemical and petrochemical, power plants and shipbuilding industries. The Real Estate Rental segment is engaged in the business such as stores rental and exhibition planning site rental. The Company distributes its products in domestic and overseas markets.