LG Display Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on January 24, 2017, reports a corporate action by LG Display Co., Ltd. (NYSE: LPL) regarding the resolution of cash dividends for the period ending December 31, 2016. The filing details a Board of Directors resolution approved on January 23, 2017, subject to shareholder approval at the Annual General Meeting in March 2017.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on dividend distribution details:
- Total Cash Dividend Amount: KRW 178,907,850,000
- Cash Dividend per Common Share: KRW 500
- Dividend Ratio to Market Value: 1.6% (based on the one-week average closing share price prior to two transaction days before the record date)
- Record Date: December 31, 2016
Material Changes
The filing does not disclose material changes in financial performance or operations compared to prior periods. The primary event is the declaration of the dividend, which is contingent upon audit results and shareholder approval.
Outlook, Risks, and Contingencies
Contingencies: The approved cash dividends are subject to change based on the audit results of the independent auditor and final approval at the Annual General Meeting of Shareholders scheduled for March 2017.
Payment Timeline: Dividends are scheduled to be paid within one month following the Annual General Meeting.
Investor Verification Checklist
- Confirm the final approval of the dividend at the Annual General Meeting in March 2017.
- Verify the final dividend amount after the independent auditor's review.
- Monitor the actual payment date, expected within one month of the shareholder meeting.