SK Decides to Cancel 20.1% of Outstanding Shares and Increase Dividend, Strong Positive Signal for Shareholder Value
SK decided to cancel all 14,694,388 treasury shares (20.1% of outstanding) on January 4, 2027, boosting book value per share and EPS.
Increased year-end dividend for fiscal 2025 to 8,000 won per common share (up 1,000 won from prior year), totaling 440.7 billion won in cash dividends.
Established a mid-term shareholder return policy for 2024-2026, with a minimum annual dividend of 5,000 won per share and additional share buybacks/cancellations or extra dividends worth 1-2% of market cap.
Adopted cumulative voting system effective September 2026 (charter amendment completed) to strengthen board independence.
Received MSCI ESG 'AAA' rating for 4 consecutive years and included in DJSI World for 14 consecutive years, reflecting governance excellence.
[AI Summary]SK has significantly strengthened shareholder returns through a massive 20.1% share cancellation and increased dividends, while maintaining top-tier governance and ESG standards; these improvements are expected to positively impact stock price and enterprise value.