[Edaily Reporter Park Jung-Soo ] PLANTYNET Co., Ltd.(075130)is moving to strengthen its shareholder return policy by introducing an interim dividend system.

PLANTYNET Co., Ltd., a company specializing in IT solutions, announced on the 22nd that it is pushing to amend its articles of incorporation to enable the payment of interim dividends as part of its efforts to strengthen its shareholder return policy. The company held a board of directors meeting on the 18th to discuss and approve the proposal to amend the articles of incorporation, and also announced a resolution to convene a shareholders’ meeting for this purpose.
This amendment to the articles of incorporation is intended to establish the legal basis for introducing an interim dividend system. Under the current Commercial Act, interim dividends can be paid through a board resolution, but relevant provisions must be explicitly stated in the articles of incorporation in advance.
Since PLANTYNET Co., Ltd.’s current articles of incorporation do not contain any provisions regarding interim dividends, the company plans to proceed with the amendment process through a future shareholders’ meeting. Once the articles are amended, the company will be able to distribute profits to shareholders during the fiscal year via a board resolution, in accordance with the record date specified in the Commercial Act.
The company explains that this initiative to implement an interim dividend is an extension of its shareholder return policy, which it has been continuously expanding. PLANTYNET Co., Ltd. has been paying year-end dividends since 2007 and recently decided to cancel 500,000 of its own shares to reduce the number of outstanding shares and increase the value per share.
Once the interim dividend system is introduced, shareholders will have the opportunity to receive additional dividends beyond the annual year-end dividend.
PLANTYNET Co., Ltd. official stated, “The introduction of interim dividends goes beyond simply increasing the frequency of dividends; it is a measure aimed at enhancing shareholder value and systematizing our shareholder return policy,” adding, “Based on our stable profit-generating capabilities, we plan to share our performance with shareholders and continue to review various shareholder-friendly policies, such as the cancellation of treasury shares and the expansion of dividends.”
Meanwhile, PLANTYNET Co., Ltd. plans to proceed sequentially with related procedures, including submitting the proposal to the shareholders’ meeting.