Gaon Group Decides on Dividends and Treasury Stock Acquisition Again This Year... "Expanding Shareholder Returns"

Amid the recent announcement by financial authorities to introduce a ‘Corporate Value-Up Program’ to address the undervaluation of the Korean stock market, Gaon Group continues its shareholder returns by deciding on year-end dividends and treasury stock acquisitions for the 12th consecutive year.

Gaon Group, a total AI solution specialist company, announced on the 4th through a public disclosure that it has decided to enter into a trust contract for treasury stock acquisition. The acquisition scale is 1.5 billion KRW, and the trust period is from today until September 3.

Prior to this, Gaon Group had announced stock dividends and cash dividends as year-end dividends for 2023 through public disclosures last month and in December of last year. This marks the 12th consecutive year of dividend decisions. The dividend record date is December 31, 2023, with 0.02 shares of stock and 30 KRW in cash to be paid simultaneously per common share. The total number of dividend shares is 317,002, and the total cash dividend amount is approximately 475 million KRW.

A company official explained, “Despite the increased uncertainty in the domestic and international business environment due to global economic issues, we have decided to continue dividends and treasury stock acquisitions to enhance shareholder value. This is not only a faithful implementation of the three-year shareholder return plan announced in 2022 but also an active pursuit of additional shareholder return opportunities and expansion of related policies in the future.”

Meanwhile, Gaon Group’s 2023 year-end dividends are scheduled to be paid to shareholders after final approval at the 23rd regular general shareholders’ meeting scheduled for the 27th.