Source Facts: Financial Supervisory Service Electronic Disclosure System (DART) / 2025-02-05
Disclosure Type: Decision on Cash/Property Dividend (Correction Filing)
💡 3-Second Summary
Celltrion has filed a corrected disclosure on its cash dividend decision following the finalization of eligible shares and dividend yield, confirming a final dividend of KRW 750 per common share, with the total dividend amount finalized at KRW 153,773,154,750 and the dividend yield confirmed at 0.4%.
📊 1. [Key Disclosure Content & Key Metrics Summary]
- Dividend Classification & Type: Year-end dividend / Cash dividend
- Dividend per Share: KRW 750 per common share (No preferred/other classes of shares)
- Dividend Yield: 0.4% per common share (No preferred/other classes of shares)
- Total Dividend Amount: KRW 153,773,154,750 (approximately KRW 153.7 Billion)
- Dividend Record Date: December 31, 2024
- Board of Directors Decision Date: December 13, 2024 (Correction submission date: February 5, 2025; original submission date: December 13, 2024)
- Key Correction Details:
- Reason for Correction: Amendment of the disclosure text following the finalization of the dividend yield and the number of shares eligible for the dividend.
- Corrected Item (Dividend Yield):
- Before Correction: Not specified as the record date had not yet arrived, with plans to re-disclose once finalized.
- After Correction: Finalized at 0.4%, calculated as the percentage ratio of the dividend per share to the arithmetic mean of the closing prices on the stock market over the past one week starting two trading days prior to the shareholder register closing date.
- Corrected Item (Total Dividend Amount & Eligible Shares):
- Before Correction: Stated that the total was calculated based on 205,030,873 shares (excluding 12,047,681 treasury shares from the total outstanding 217,078,554 shares), but noted that the treasury share count might vary due to buybacks and appraisal rights.
- After Correction: Finalized the calculation based on 205,030,873 shares, which excludes 12,047,681 treasury shares from the total outstanding 217,078,554 shares, confirming the final amount of KRW 153,773,154,750.
- Other Terms & Timeline:
- General Meeting of Shareholders (AGM) Scheduled Date: Unspecified as of the cash dividend decision date; to be disclosed in the subsequent “Notice of General Meeting of Shareholders” once confirmed.
- Dividend Payment Date: Scheduled to be paid within one month following the resolution of the annual general meeting of shareholders in accordance with Article 464-2 of the Commercial Act.
- The cash dividend proposal will be presented at the 34th AGM and may change based on the external audit results and the results of the shareholder meeting.
📈 2. [Expert View: What This Disclosure Means for Investors]
- Settlement of the Dividend Parameters: This correction serves to settle the exact metrics that were previously left open or subject to adjustments. The final dividend yield is established at 0.4%, and the total cash distribution of KRW 153,773,154,750 is confirmed by applying the KRW 750 per share rate to the finalized 205,030,873 eligible shares.
- Pending Approvals and Audits: Although the corrected board decision has been filed, this 결산 cash dividend remains subject to both the external auditor’s final audit report and the approval of the upcoming 34th AGM. Consequently, verifying the actual resolutions of the shareholder meeting is required.
- Payment Execution Timeline: While the exact date of the shareholder meeting is currently unlisted, once the formal notice is filed and the meeting concludes with the approval of the dividend, the payment must be executed within one month in accordance with Article 464-2 of the Commercial Act.
📝 Editor’s Comment (by K-STOCK Editor)
This corrected filing represents a standard administrative update to record the finalized dividend yield and confirm the eligible share count (205,030,873 shares) once the potential treasury share adjustments mentioned in the initial filing were completed. Resolving these variables has allowed the company to finalize the cash dividend metrics at KRW 750 per share.
For future evaluation, the key event to monitor is the scheduling and outcome of the upcoming 34th Annual General Meeting of Shareholders. Because the dividend proposal requires final shareholder authorization before any funds can be legally distributed, the subsequent notice and voting resolutions are the next steps in the execution process.
Accordingly, investors should track the upcoming notice to confirm the actual meeting date and verify whether the proposed KRW 750 per share rate is formally approved as presented, leading to the one-month payment window.
📢 Disclaimer & Source Information
Source: This content has been newly structured and written based on official disclosure data submitted to the Financial Supervisory Service’s Electronic Disclosure System (DART).
Investment Risk Warning: This content is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial liabilities rest solely with the investor.
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