Shareholder Structure
- Foreigners
- Domestic Individuals and Institutional Investors
- Treasury Shares
- National Pension
- ESOP
43.48%
31.16%
15.3%
7.08%
2.97%
Total Shares
137,292,497
Total Shares Issued
Ordinary Shares
Preferred Shares
- FY2022 137,292,497 -
- FY2021 137,292,497 -
- FY2020 137,292,497 -
- FY2019 137,292,497 -
- FY2018 137,292,497 -
The 36th Annual General Meeting of Shareholders Results
| Total No. of voting shares | 116,279,923 | |||
| Shares present | 94,380,994 | |||
| Participation rate | 81.2% | |||
| Participation rate excluding the largest shareholders and affiliated persons(%) |
72.8% (Largest shareholder as of end Dec 2022 is the National Pension Service(NPS), and there are no shares owned by affiliated persons) |
|||
| Agenda | Approval rate | Result | ||
| No.1 | Approval of Financial Statements | 99.9% | Approved | |
| No.2 | Approval of Provision of Dividends and Statement of Appropriation of Retained Earnings | - | - | |
| No.2-1 | Cash Dividends of KRW 5,000 per Share (KT&G BOD) | 68.1% | Approved | |
| No.2-2 | Cash Dividends of KRW 7,867 per Share (Shareholder Proposal_ANDA etc.) | 1.5% | Rejected | |
| No.2-3 | Cash Dividends of KRW 10,000 per Share (Shareholder Proposal_Agnes etc.) | 32.2% | Rejected | |
| No.3 | Partial Amendment to Articles of Incorporation (Shareholder Proposal_Agnes etc.) | - | - | |
| No.3-1 | Amendment to and Enactment of Provisions Concerning Evaluation and Compensation Committee (Shareholder Proposal_Agnes etc.) | 46.2% | Rejected | |
| No.3-2 | Addition of Right to Decide Cancellation of Treasury Shares (Shareholder Proposal_Agnes etc.) | 44.9% | Rejected | |
| No.3-3 | Enactment of New Provisions for Quarterly Dividends (Shareholder Proposal_Agnes etc.) | 82.2% | Approved | |
| No.3-4 | Addendum (Shareholder Proposal_Agnes etc.) | 92.6% | Approved | |
| No.4 | Cancellation of Treasury Shares (Shareholder Proposal_Agnes etc.) | - | Abandoned1) | |
| No.5 | Purchase of Treasury Shares (Shareholder Proposal_Agnes etc.) | 33.6% | Rejected | |
| No.6 | Decision to Maintain or Increase Outside Director Members | - | - | |
| No.6-1 | Maintenance of the Current Number of Six (6) Outside Directors (KT&G BOD) | 64.4% | Approved | |
| No.6-2 | Increase of the Number of Outside Directors to Eight (8) (Shareholder Proposal_ANDA etc.) | 34.9% | Rejected | |
| No.7 | Proposal to Appoint 2 Outside Directors | - | - | |
| No.7-1 | Appointment of Myung-Chul Kim as Outside Director (KT&G BOD) | 34.4% | Approved | |
| No.7-2 | Appointment of Yun Sung Koh as Outside Director (KT&G BOD) | 33.5% | Approved | |
| No.7-3 | Appointment of Soo Hyung Lee as Outside Director (Shareholder Proposal_ANDA etc.) | 0.2% | Rejected | |
| No.7-4 | Appointment of Doreen Kim as Outside Director (Shareholder Proposal_ANDA etc.) | 8.3% | Rejected | |
| No.7-5 | Appointment of Jae Whan Park as Outside Director (Shareholder Proposal_ANDA etc.) | 0.4% | Rejected | |
| No.7-6 | Appointment of Suk Yong Cha as Outside Director (Shareholder Proposal_Agnes etc.) | 13.8% | Rejected | |
| No.7-7 | Appointment of Ou Jin Hwang as Outside Director (Shareholder Proposal_Agnes etc.) | 8.1% | Rejected | |
| No.8 | Proposal to Appoint 4 Outside Directors | - | - | |
| No.8-1 | Appointment of Myung-Chul Kim as Outside Director (KT&G BOD) | - | Abandoned2) | |
| No.8-2 | Appointment of Yun Sung Koh as Outside Director (KT&G BOD) | - | Abandoned2) | |
| No.8-3 | Appointment of Il Soon Lim as Outside Director (KT&G BOD) | - | Abandoned2) | |
| No.8-4 | Appointment of Soo Hyung Lee as Outside Director (Shareholder Proposal_ANDA etc.) | - | Abandoned2) | |
| No.8-5 | Appointment of Doreen Kim as Outside Director (Shareholder Proposal_ANDA etc.) | - | Abandoned2) | |
| No.8-6 | Appointment of Jae Whan Park as Outside Director (Shareholder Proposal_ANDA etc.) | - | Abandoned2) | |
| No.8-7 | Appointment of Suk Yong Cha as Outside Director (Shareholder Proposal_Agnes etc.) | - | Abandoned2) | |
| No.8-8 | Appointment of Ou Jin Hwang as Outside Director (Shareholder Proposal_Agnes etc.) | - | Abandoned2) | |
| No.9 | Appointment of Audit Committee | - | - | |
| No.9-1 | Appointment of Myung-Chul Kim as Audit Committee Member (KT&G BOD) | 65.4% | Approved | |
| No.9-2 | Appointment of Yun Sung Koh as Audit Committee Member (KT&G BOD) | 64.4% | Approved | |
| No.9-3 | Appointment of Soo Hyung Lee as Audit Committee Member (Shareholder Proposal_ANDA etc.) | - | Abandoned3) | |
| No.9-4 | Appointment of Doreen Kim as Audit Committee Member (Shareholder Proposal_ANDA etc.) | - | Abandoned3) | |
| No.9-5 | Appointment of Suk Yong Cha as Audit Committee Member (Shareholder Proposal_Agnes etc.) | - | Abandoned3) | |
| No.9-6 | Appointment of Ou Jin Hwang as Audit Committee Member (Shareholder Proposal_Agnes etc.) | - | Abandoned3) | |
| No.10 | Approval of Cap on Remuneration for Directors | 98.9% | Approved | |
※ Shares present: Total number of common shares with voting rights represented at the opening of the Meeting (Agenda No.1).
(The number of common shares with voting rights for each resolution item at the Annual General Meeting of shareholders' may change according to relevant laws and regulations which may result in different numbers of voting shares available for each resolution.)
- 1) Agenda No. 4 (Cancellation of Treasury Shares) was automatically abandoned as Agenda No. 3-2 was rejected
- 2) Agenda No. 8 (Proposal to appoint 4 outside directors) was automatically abandoned as Agenda No. 6-2 was rejected
- 3) The agendas applicable to candidates who have not been appointed as outside directors under Agenda No. 7 were automatically abandoned (Agendas No. 9-3 ~ 9-6).
Adoption of concentrated voting system, system of voting in writing and electronic voting system
-
Concentrated voting system
Adopted
- - Concentrated voting system is introduced through the modification of the Articles of Association at the time of regular stockholder’s meeting on 2001.3.23
- - There must be right to claim appointment of director in accordance with the concentrated voting system for the stockholders with more than 1/100 of the total number of stocks issued with voting rights of the company and the stockholder wishing to exercise the said right must submit claim to the company in writing or electronic document at least 6 weeks prior to the date of stockholder’s meeting (in the case of regular stockholder’s meeting, the date of regular stockholder’s meeting in the immediately preceding year).
- System of voting in writing Not adopted
-
Electronic voting system
Adopted
- - Adoption of the Electronic voting system to enhance convenience of shareholders’ exercise of voting rights by decision of Board of Directors on February 10th, 2022
