Pearl Abyss is seeing strong early trading after announcing plans to expand shareholder returns.
As of 10:43 a.m. on June 10, the company’s shares rose by 1,700 won (4.40%) to 40,300 won, according to the Korea Exchange.
The increase in stock price is attributed to the company's announcement of a plan to enhance corporate value made after the market closed the previous day. Pearl Abyss revealed a shareholder return policy that includes the introduction of dividends, stock buybacks, and share cancellations.
For the first time since its founding, the company will implement cash dividends based on this year's financial performance. The dividend amount will be set at either 10 billion won or 10% of net profit, whichever is greater.
The company also plans to cancel approximately half of its 2,803,945 treasury shares on June 12, amounting to about 54 billion won. The remaining shares will be used for employee compensation and stock option exercises.
Additionally, the company intends to pursue a stock buyback worth 100 billion won in the second half of this year, aiming to enhance shareholder value further.
Market analysts believe that the introduction of dividends and the plans for significant share cancellations and buybacks have positively influenced investor sentiment. Pearl Abyss shares showed strength in after-hours trading immediately following the announcement of these plans.
Pearl Abyss is a game development company known for its flagship title, "Black Desert." It is currently preparing to launch its next major open-world action-adventure game, "Crimson Desert," which the market is closely watching as a key factor for future performance and corporate value.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.