Orion Holdings to Cancel 2.49 Million Treasury Shares This Year... Worth 61.5 Billion Won

'Share Cancellation Timing' to Be Finalized After Board Approval

Orion Headquarters. Provided by Orion

Orion Holdings announced on March 18 that it plans to cancel 2,488,770 treasury shares it currently holds within this year in accordance with the amended Commercial Act.

The amount to be cancelled represents 3.97% of the total issued shares, with a value of approximately 61.5 billion won based on the previous day's closing price. The specific timing of the cancellation will be finalized following approval by the board of directors.

Orion Holdings has been strengthening its shareholder return policy to enhance shareholder value. This year, both Orion and Orion Holdings have significantly increased their dividends, thereby meeting the criteria for high-dividend companies eligible for the separate taxation on dividend income, which was introduced by the government in January.

On a consolidated basis, Orion's dividend payout ratio stands at 36%, up 10 percentage points from the previous year, while Orion Holdings has increased its payout ratio by 25 percentage points to 55%.

The corporate value enhancement plan, disclosed in June last year, included measures to strengthen shareholder returns such as maintaining a dividend payout ratio of at least 20%, gradually raising the payout ratio over the next three years, and considering interim dividends.

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