SPC Chairman Hyungin Hur Practices Shareholder Returns for 7 Years with Differential Dividends

SPC Group (Chairman Huh Young-in), the only listed company of SPC Samlip, is practicing shareholder returns through differentiated dividends that consider minority shareholders.

SPC Samlip, led by Chairman Huh Young-in, announced on the 6th that it will pay differentiated dividends of 1,104 KRW per share to minority shareholders and 624 KRW per share to major shareholders. The dividend record date is December 31, 2019.

Concerned about dividends being concentrated only among major shareholders, SPC Samlip has maintained a differentiated dividend policy since 2014 for seven consecutive years, providing relatively higher dividends to minority shareholders.

The largest shareholder of SPC Samlip is Paris Croissant Co., Ltd., holding a 40.66% stake (3,508 thousand shares) as of the end of 2019. Chairman Huh Young-in holds 9.27% (800 thousand shares), Vice President Huh Jin-soo (1,007 thousand shares) and former Vice President Huh Hee-soo (1,030 thousand shares) hold 11.68% and 11.94%, respectively.

An SPC Group official stated, “To enhance shareholder value, the dividends paid to minority shareholders are about twice as high as those paid to major shareholders,” adding, “We will continue to actively implement shareholder return policies.”