Decision on Entering into Trust Contract for Acquisition of Treasury Stock
1. Contract amount (KRW) 50,000,000,000
2. Contract period Start date 2022-03-23
End date 2022-09-22
3. Purpose of contract Shareholder return policy to enhance shareholder value
4. Counterparty (trust company) SK Securities Co., Ltd.
5. Scheduled contract date 2022-03-23
6. Treasury stock holdings before contract Acquisition within profits available for dividends (shrs.) Common stock - Ratio (%) -
Different classes of stocks - Ratio (%) -
Acquisition for other reasons (shrs.) Common stock 30,857 Ratio (%) 0.2
Different classes of stocks 148,133 Ratio (%) 0.8
7. Date of board resolution (decision date) 2022-03-21
- Attendance of outside directors Present (No.) 4
Absent (No.) -
- Attendance of auditors (members of Audit Committee who are not outside directors) -
8. Entrusted brokerage company SK Securities Co., Ltd.
9. Other matters to be factored into investment decisions - Treasury stocks acquired through this trust contract will be used to enhance shareholder value through retirement, etc. in the future. However, as this is an acquisition through the conclusion of a trust contract, in the case of retirement, etc., the relevant details will be decided and disclosed through a separate board meeting.
【Limit to Acquiring Treasury Stocks】
Category Amount (KRW)
1. Limit to "profits available for dividends" in the Commercial Act as of the immediately preceding business year end ⓐ. Net assets 885,073,321,363
ⓑ. Amount of capital 66,000,330,000
ⓒ. Total amount of capital reserve and earned surplus reserves accumulated up to preceding business year 271,311,180,257
ⓓ. Unrealized gain as prescribed by Presidential Decree 90,263,180
Sub total (ⓐ-ⓑ-ⓒ-ⓓ) 547,671,547,926
2. Acquired amount of treasury stock after previous fiscal year end 3,165,774,250
3. Amount of 'dividends' and related 'earned profit reserve' decided at annual general meeting of shareholders after previous fiscal year end 28,765,274,945
4. Amount of 'interim/quarterly dividends' and related 'earned profit reserves' decided by board of directors after previous fiscal year end 64,647,023,980
5. Amount of trust contract -
6. Acquisition cost of treasury stock sold after previous fiscal year end (moving average method) -
Limit to acquisition of treasury stock (1-2-3-4-5+6) 451,093,474,751
【Holding Amount of Treasury Stock before Decision to Enter into Trust Contract】
(in shrs.)
Methods of acquisition Type of stocks Beginning balance Change Closing balance Remarks
Acquisition (+) Disposal (-) Share retirement (-)
Amount of stocks acquired within profits available for dividends Direct acquisition Direct acquisition in exchange Common stock - - - - - -
Different classes of stocks - - - - - -
Direct acquisition in OTC Common stock - - - - - -
Different classes of stocks - - - - - -
Tender offer Common stock - - - - - -
Different classes of stocks - - - - - -
Sub total (a) Common stock - - - - - -
Different classes of stocks - - - - - -
Acquisition by trust contract Number of stocks indirectly held through trust contracts Common stock - - - - - -
Different classes of stocks - - - - - -
Number of stocks directly held Common stock - - - - - -
Different classes of stocks - - - - - -
Sub total (b) Common stock - - - - - -
Different classes of stocks - - - - - -
Amount of stocks acquired for other reasons (c) Common stock 30,857 - - - 30,857 -
Different classes of stocks 148,133 - - - 148,133 -
Total (a+b+c) Common stock 30,857 - - - 30,857 -
Different classes of stocks 148,133 - - - 148,133 -

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SK Chemicals Co. Ltd. published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 05:23:02 UTC.