Taewoong Logistics : Decision on Entering into Trust Contract for Acquisition of Treasury Stock
June 20, 2022 at 01:54 am
Share
Decision on Entering into Trust Contract for Acquisition of Treasury Stock
1. Contract amount (KRW)
3,000,000,000
2. Contract period
Start date
2022-06-21
End date
2023-06-20
3. Purpose of contract
To stabilize share price and enhance shareholder value
4. Counterparty (trust company)
MIRAE ASSET SECURITIES CO.,LTD.
5. Scheduled contract date
2022-06-21
6. Treasury stock holdings before contract
Acquisition within profits available for dividends (shrs.)
Common stock
657,000
Ratio (%)
1.7
Different classes of stocks
-
Ratio (%)
-
Acquisition for other reasons (shrs.)
Common stock
-
Ratio (%)
-
Different classes of stocks
-
Ratio (%)
-
7. Date of board resolution (decision date)
2022-06-20
- Attendance of outside directors
Present (No.)
1
Absent (No.)
-
- Attendance of auditors (members of Audit Committee who are not outside directors)
Present
8. Entrusted brokerage company
MIRAE ASSET SECURITIES CO.,LTD.
9. Other matters to be factored into investment decisions
-
【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
115,715,014,438
ⓑ. Amount of capital
1,953,679,200
ⓒ. Total amount of capital reserve and earned surplus reserves accumulated up to preceding business year
24,452,726,638
ⓓ. Unrealized gain as prescribed by Presidential Decree
2,637,363,451
Sub total (ⓐ-ⓑ-ⓒ-ⓓ)
86,671,245,149
2. Acquired amount of treasury stock after previous fiscal year end
-
3. Amount of 'dividends' and related 'earned profit reserve' decided at annual general meeting of shareholders after previous fiscal year end
2,066,547,120
4. Amount of 'interim/quarterly dividends' and related 'earned profit reserves' decided by board of directors after previous fiscal year end
-
5. Amount of trust contract
-
6. Acquisition cost of treasury stock sold after previous fiscal year end (moving average method)
192,812,945
Limit to acquisition of treasury stock (1-2-3-4-5+6)
84,797,510,974
【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
750,000
-
93,000
-
657,000
-
Different classes of stocks
-
-
-
-
-
-
Tender offer
Common stock
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Sub total (a)
Common stock
750,000
-
93,000
-
657,000
-
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
-
-
-
-
-
-
Different classes of stocks
-
-
-
-
-
-
Total (a+b+c)
Common stock
750,000
-
93,000
-
657,000
-
Different classes of stocks
-
-
-
-
-
-
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Disclaimer
Taewoong Logistics Co. Ltd. published this content on 20 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2022 05:53:01 UTC.
Taewoong Logistics Co.,Ltd. is a Korea-based company principally engaged in the logistics business. The Company operates its business through three segments. The International Logistics segment provides transportation services focused on maritime transport. The Project Logistics segment is engaged in logistics transportation such as overseas plant construction. The Commonwealth of Independent States (CIS) Logistics segment provides transportation services focused on land transport. The Company transports products including petrochemicals, semiconductors and others.