Convergence thinking platform Creverse continues its shareholder return policy by simultaneously conducting dividends and treasury stock cancellations.
Creverse held a board meeting on the 9th and decided on a semi-annual dividend of 500 KRW per share. It confirmed the scale of treasury stock cancellation exceeding the dividend amount reduced compared to the previous term, maintaining the existing shareholder return policy.
Creverse's first half performance was sluggish compared to the previous year due to increased strategic investment costs for future growth in the second half. Considering the market expectation that the absolute dividend would decrease, the decision to cancel treasury stock beyond the reduced dividend amount is positive.
Creverse has been implementing tax-exempt dividends since the year-end dividend of 2022, and this will continue for the time being.
Chief Financial Officer (CFO) Kim Jin-bin, Vice President of Creverse, said, "Creverse will implement the 'THE OPEN 2.0' program, focused on curriculum and school grades, starting next month." He added, "This program strengthens Creverse's existing thinking-based curriculum and is a systematic program that can improve both the thinking skills and scoring ability of enrolled students, which will attract market response."
He emphasized, "Creverse has continued its shareholder return policy since 2006, and in the second half of this year, it will focus on recovering corporate value by improving the management environment through restructuring existing businesses and implementing new programs."
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