Orion Holdings Enhances Shareholder Value Through Cancellation of 2.48 Million Shares and Substantial Dividends

OliOn Holdings announced plans to cancel approximately 2.48 million treasury shares within this year. This measure is based on revised commercial law and is part of the company’s efforts to enhance shareholder value.

The share cancellation by OliOn is about 3.97% of its total issued shares, valued at approximately 61.5 billion Korean won. The exact timing of the cancellation will be determined after approval by the board of directors. This move is interpreted as a strategy to reduce market float and boost stock value.

Additionally, OliOn and OliOn Holdings have significantly increased their dividends. OliOn’s consolidated baseline dividend payout ratio is 36%, up 10 percentage points from last year; OliOn Holdings’ ratio reaches 55%, a substantial increase of 25 percentage points. This is to meet government requirements for high-dividend-paying companies under the new dividend income separation tax system.

In June last year, OliOn Holdings announced a shareholder value enhancement plan. The plan includes maintaining a dividend payout ratio above 20% and gradually increasing it over the next three years. The company also plans to strengthen shareholder return policies, including considering the introduction of interim dividends.

These measures are part of a long-term strategy to increase shareholder value and are seen as efforts to drive stock price growth and improve market competitiveness. Going forward, OliOn Holdings’ proactive shareholder return policies are likely to continue.