New Dividend Policy to Enhance LG Chem’s Shareholder Value and Notice of Extraordinary General Meeting

 

As LG Chem is currently waiting for the final approval by shareholders on the split-off of the New Company, LG Energy Solution, Ltd. (tentative),

we notice our new dividend policy to enhance dividend stability and LG Chem's shareholder value as below:


New Dividend Policy to Enhance LG Chem’s Shareholder Value

① To apply the same criteria on dividend resources before the split-off, the payout ratio of more than 30% is based on the consolidated net income. (Previously separate net income)

② To remove uncertainties related to the split-off and enhance shareholder value, cash dividend of a minimum 10,000 Won per common share is paid out for the next 3 years (2020-2022).



■ Notice of Extraordinary General Meeting

- Date/Time: October 30th, 2020 at 09:00 (KST)

- Place: Grand Hall, B1 Level, East Tower, LG Twin Towers, 128 Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea

- Electronic Voting Period : October 20th, 2020 – October 29th, 2020

(Available 09:00 – 22:00 during the voting period

 except the last day of the voting period when the voting ends at 17:00)


Please refer to our public disclosure or attached file for further information

 

 

※ LG CHEM Letter to Shareholder

※ LG CHEM SPLIT-OFF PLAN