Korea Business News Agency - NSP NEWS.

(Seoul=NSP NEWS) = LG Uplus(032640) will implement its ‘Value-up Plan’ in earnest by burning its own shares and buying new ones.

LG Uplus announced on the 21st that it will burn approximately 100 billion won worth of its existing treasury stocks on August 5th. All 6,783,006 shares of treasury stock purchased in 2021 will be burned, which is 1.55% of the total number of issued shares.

In addition, in order to increase corporate value, the company will purchase an additional 80 billion won worth of its own stocks for the first time in about 4 years. As of July 18(the previous day's closing price), it is calculated at 14,990 won, which is about 5,336,891 shares, or 1.22% of the total number of shares issued before incineration. The purchase will be carried out in installments within one year starting from August 4.

Last November, LG Uplus announced the ‘Value Up Plan’, a plan to increase corporate value that includes mid- to long-term financial goals and achievement plans, shareholder return plans, etc. As part of the shareholder return policy at the time, the company is considering burning its own shares worth about KRW 100 billion, which was included in the plan, and is implementing flexible share repurchases this time.

In addition, LG Uplus announced that it will pay 250 won per share as an interim dividend in 2025. This is the same amount as last year’s interim dividend. The interim dividend reference date is August 5, and it will be paid to shareholders on August 20.

By Soon-ki Lee(s8789@nspna.com) and Bok-hyun Lee(bhlee2016@nspna.com)

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