LG Display Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on January 26, 2016, reports a corporate action by LG Display Co., Ltd. (NYSE: LPL). The filing announces the Board of Directors' resolution to pay cash dividends to shareholders for the period ending December 31, 2015.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on the dividend resolution.
- Total Cash Dividend Amount: KRW 178,907,850,000
- Cash Dividend per Common Share: KRW 500
- Dividend Ratio to Market Value: 2.0% (based on the one-week average closing share price prior to two transaction days before the record date)
- Record Date: December 31, 2015
Material Changes
The filing does not disclose material changes in financial performance compared to prior periods. The primary event is the declaration of the dividend.
Guidance, Outlook, and Contingencies
The dividend payment is subject to the following conditions and contingencies:
- Approval by shareholders at the Annual General Meeting of Shareholders scheduled for March 2016.
- Final audit results from the independent auditor.
- The dividend amount is subject to change based on the above factors.
- Payment is expected within one month following the Annual General Meeting.
Investor Verification Checklist
- Confirm the final dividend amount after the independent auditor's review.
- Verify shareholder approval at the March 2016 Annual General Meeting.
- Monitor the exact payment date, which is contingent on the meeting outcome.