Pearl Abyss is set to implement its first dividend policy and initiate a share buyback program worth 100 billion won as part of its commitment to returning value to shareholders.
On June 9, Pearl Abyss announced its plans to enhance corporate value, which include the introduction of dividends and the retirement and buyback of treasury shares. This follows the shareholder return policy outlined during the regular shareholders' meeting in March.
The company plans to distribute either 10 billion won annually or 10% of its net profit, whichever is greater, as cash dividends. This marks Pearl Abyss's inaugural dividend initiative.
Of the 2,803,945 treasury shares it holds, approximately half, or 1,403,945 shares, will be retired. The value of the share retirement is estimated at about 54 billion won based on the closing price as of June 8, and approximately 17.3 billion won based on book value. The retirement is scheduled for June 12.
Additionally, the company plans to buy back an additional 100 billion won worth of treasury shares in the second half of 2026. This dual approach of share retirement and buyback aims to enhance shareholder value and improve corporate worth.
During the March shareholders' meeting, Pearl Abyss stated, "With the successful launch of Crimson Desert, we have secured the capacity for shareholder returns and will announce our dividend plans within this year."
* This article has been translated by AI.
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