Source Facts: Financial Supervisory Service Electronic Disclosure System (DART) / 2024-12-13
Disclosure Type: Decision on Cash and In-kind Dividend
💡 3-Second Summary
Celltrion has decided on a fiscal year-end cash dividend of KRW 750 per common share, with the total dividend payout amounting to KRW 153,773,154,750 and the record date scheduled for December 31, 2024.
📊 1. [Key Disclosure Content & Major Financial Figures Summary]
- Dividend Type: Fiscal Year-End Dividend
- Dividend Method: Cash Dividend
- Dividend per Share: KRW 750 per common share (No dividend for other classes of shares; non-applicable for disproportionate dividend)
- Total Dividend Amount: KRW 153,773,154,750
- Dividend Record Date: December 31, 2024
- Dividend Yield to Market Value: Omitted (To be calculated as the ratio of the dividend per share to the arithmetic mean of the closing market prices over one week starting two business days prior to the closure of the shareholder registry; will be disclosed once finalized)
- Calculation Base for Dividend Payout:
- Calculated based on 205,030,873 shares, excluding treasury shares (12,047,681 shares) from the total issued shares (217,078,554 shares).
- The treasury shares figure includes the planned acquisition quantities currently in progress as of the board decision date (pursuant to the treasury share buyback disclosure on November 21, 2024).
- Payout Schedule & Administration:
- Payout to be completed within one month following the resolution of the General Meeting of Shareholders, pursuant to Article 464-2 of the Commercial Act.
- Date of Board Decision: December 13, 2024 (8 outside directors attended, 0 absent).
- The scheduled date for the Annual General Meeting of Shareholders is undetermined as of the disclosure date and will be announced via a future “Resolution on Convening of General Meeting of Shareholders” filing.
📈 2. [Expert Perspective: What This Disclosure Means for Investors]
This filing details the cash dividend plan of KRW 750 per share to be paid to shareholders of record as of December 31, 2024, subject to subsequent corporate approval processes.
From a financial perspective, a key variable is the potential fluctuation in the number of eligible shares and the resulting final payout. Celltrion is currently executing a treasury share buyback, and the final treasury stock figures remain subject to change depending on the execution of shareholder appraisal rights. Any subsequent adjustments to treasury holdings will require a corrective disclosure when the shareholder registry is verified on the record date. Additionally, because the proposed cash dividend is an agenda item for the 34th Annual General Meeting of Shareholders, the final details may be modified based on the results of the external audit or the shareholder vote.
Investors should recognize that the dividend yield is omitted in this initial filing as the record date has not yet occurred, and they should evaluate the finalized dividend yield once the post-record-date average price calculation is completed.
📝 Editor’s Comment (by K-STOCK Editor)
This year-end cash dividend proposal has been approved by the board of directors, with the audit committee consisting entirely of outside directors. The plan establishes a payout of KRW 750 per common share, drawing from a calculated total fund of approximately KRW 153.7B.
The essential fact to monitor is that these figures are not finalized. The ultimate resolution depends on the results of the external audit and the voting outcomes at the upcoming annual general meeting. Furthermore, the exact number of eligible circulating shares (currently set at 205,030,873 shares) remains subject to change depending on the buyback progress and the volume of appraisal rights exercised up to the record date.
Consequently, the objective checkpoints for investors to monitor going forward are threefold: first, the official scheduling of the shareholder meeting via the “Resolution on Convening of General Meeting of Shareholders” filing; second, any corrective disclosures detailing adjustments to the eligible share count and final dividend amount once the registry closes on December 31, 2024; and third, the finalized “Dividend Yield to Market Value” computed using the required historical average market price method. Following these sequential administrative steps represents the proper pathway to verifying the execution of the dividend.
📢 Disclaimer & Source Information
Source: This content has been structured and newly drafted based on official data submitted to the Financial Supervisory Service 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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