E-MART disclosed on the 11th the status of implementing its plan to enhance corporations value. The disclosure was made to inform that the corporations value enhancement plan, focused on strengthening shareholder returns such as raising the minimum dividends and expanding share cancellations, announced in Feb. last year, has been carried out without setbacks.
First, under the plan to raise the minimum dividends by 25%, last year's per-share dividend was set at 2,500 won, up 500 won from the previous 2,000 won. It is to be finalized after approval at the shareholders meeting in Mar.
In addition, E-MART aims to cancel treasury shares equivalent to at least 2% of its outstanding shares, and after canceling 280,000 shares in Apr. last year, it plans to proceed with an additional cancellation of 280,000 shares this year.
E-MART also said that, as major implementation achievements of its corporations value enhancement, it has continued to improve growth and profitability through diversification of structural innovation such as new store openings and renewals, and business structure innovation based on integrated synergies.
An E-MART official said, "We are continuing efforts to improve predictability and credibility through active communication, and we will continue to strengthen investor relations (IR) activities to steadily expand communication with the market."