LG Uplus CEO Hong Beomshik Purchases 20,000 Company Shares... "3 Billion Won for Responsible Management"

Hong Beomshik, CEO of LG Uplus (pictured), has purchased 20,000 shares of his own company for the first time since taking office in December last year.

According to the Financial Supervisory Service’s electronic disclosure system on August 14, CEO Hong acquired 20,000 shares of LG Uplus on the open market the previous day at an average price of 14,717 won per share. The total purchase amount was 294.34 million won.

An LG Uplus representative stated, "CEO Hong purchased company shares as part of his commitment to responsible management."

Previously, on July 21, LG Uplus announced the retirement of 100 billion won worth of treasury shares and an interim dividend totaling 107.5 billion won to enhance shareholder value.

The company plans to repurchase approximately 80 billion won worth of treasury shares in installments over one year starting from September 4. This equates to about 5,336,891 shares based on the previous day's closing price of 14,990 won, representing 1.22% of the total number of shares outstanding before the retirement.

Meanwhile, LG Uplus will pay an interim dividend of 250 won per share this year, the same amount as last year. The record date for the interim dividend was August 5, and the payment is scheduled for August 20.

This content was produced with the assistance of AI translation services.