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Photo courtesy of Yonhap News |
[Alpha Biz= Kim Jisun] Seoul, July 24, 2025 – LG Electronics announced that it will cancel a portion of its treasury shares for the first time since its founding, as part of efforts to enhance corporate value.
According to a public disclosure made on the 24th, the company will cancel 761,427 common shares by the end of July, all of which were acquired within the range of distributable profits. This represents approximately 0.5% of the total number of issued common shares. Based on the closing price as of July 23, the day prior to the board resolution, the cancellation is valued at approximately KRW 60.2 billion.
This marks LG Electronics’ first-ever share cancellation since its establishment. The move involves canceling treasury shares through a board resolution, reducing the number of outstanding shares without affecting the company’s capital.
In addition, LG Electronics declared an interim cash dividend of KRW 500 per share for both common and preferred shares. The record date for the dividend is August 8, and the payment date is August 22. The total interim dividend payout will amount to KRW 90 billion.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
