REG - Samsung Electronics Samsung Elec - SMSD - Decision on Cancellation of Shares

Samsung Electronics CoAnnouncement

Tue 08:45

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RNS Number : 8278Y  Samsung Electronics Co. Ld  31 March 2026

Decision on Cancellation of Shares

 

 1. Class and number of shares to be retired                                      Common                     73,359,314
                                                       Other                      13,603,461
 2. Total number of shares issued                                                 Common                     5,919,637,922
                                                       Other                      815,974,664
 3. Par value per share(KRW)                                                                                 100
 4. Estimated amount of retirement(KRW)                                                                      5,345,538,035,503
 5. Scheduled period of share buyback for retirement   Start date                                            -
                                                                                  End date                                                -
 6. Acquisition method of shares to be retired                                                               Repurchased treasury shares
 7. Scheduled retirement date                                                                                2026-04-02
 8. Securities firms entrusted with share buyback                                                            -
 9. Date of board resolution (confirmation date)                                                             2026-03-30
 - Attendance of Independent Directors                                            Present                    5
                                                       Absent                     0
 - Attendance of Auditors (Audit Committee members who are not Independent                                   -
 Directors)
 10. Subject to reporting to the Fair Trade Commission                                                       Not applicable

 11. Other matters to be factored into investment decisions

-The decision on the cancellation of shares is regarding treasury shares
acquired in accordance with the Board resolution on February 18, 2025 and July
8 2025.

- The decision on the cancellation of shares is related to the Treasury Share
Holding and Disposal Plan approved at the 57th Annual General Meeting of
Shareholders; and the Company will cancel all treasury shares currently held
for the purpose of cancellation.

- The cancellation of shares repurchased within the range of distributable
profits is carried out by a Board resolution. This results in a reduction in
the number of shares without a decrease in capital.

-Legal basis for cancellation: Article 343, under the provision of Paragraph 1
of the Commercial Act

-In item 1 above, the shares denoted as "other" are preferred shares

-In item 4 above, the planned cancellation amount is calculated by multiplying
the average repurchase price of shares subject to cancellation by the number
of shares to be cancelled, and the amount is based on the book value as of the
Board resolution date for the stock cancellation.

※ The calculated amount of KRW 14,580,626,185,300 is based on the closing
prices on the date of the Board resolution (March 30)-KRW 176,300 per common
share and KRW 121,100 per preferred share.

-In the item 7 above, the cancellation date is subject to change depending on
discussions with relevant organizations

-In item 9 above, all Audit Committee members are Independent Directors.

-This cancellation refers to the cancellation of previously purchased treasury
shares, therefore, this disclosure is a substitute for the disclosure of
treasury stock disposal.

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