December 7, 2017 / 4:50 PM / in 9 days

BRIEF-LC Corp New Dividend Policy To Depend On Debt/Equity Ratio

Dec 7 (Reuters) - LC CORP:

* Resolves to adopt a new dividend policy

* Plans to recommend the amount of dividends paid or funds allocated for the purchase of own shares depending on the net debt to equity ratio

* The company plans to recommend a dividend in the amount of 75 percent of the adjusted net profit when the value of net debt to equity ratio is up to 60 percent

* It is to recommend a dividend in the amount of 50 percent of the adjusted net profit when the value of net debt to equity ratio is between 60 and 70 percent

* Company wants to recommend a dividend in the amount of 25 percent of the adjusted net profit when the value of net debt to equity ratio is above 70 percent

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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