REG - Samsung Electronics - Decision on Share Repurchase Plan

Samsung Electronics CoAnnouncement

18/11/2024 09:30

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RNS Number : 6098M  Samsung Electronics Co. Ld  18 November 2024

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD), on November
15, 2024, announced that its Board of Directors authorized the following Share
Repurchase Plan and Decision on Share Repurchase.

 

Share Repurchase Plan

 

 1. Title                Share Repurchase Plan
 2. Contents             - Total amount : 10 trillion Korean won

                         - Method : Installment purchase within a year

                         - Purpose : To increase shareholders value, etc.
 3. Information Release  - Provider : IR Team

                         - Recipients : Investors, media, etc

                         - Date of release : November 15, 2024
 4. Contact Point        IR Team (Phone: 02-2255-9000)

 

 

 

Decision on Share Repurchase

 

 

 1. Number of shares to be repurchased                                    Common                    50,144,628
                                                                          Other                     6,912,036
 2. Value of shares to be repurchased(Korean won)                         Common                    2,682,737,598,000
                                                                          Other                     317,262,452,400
 3. Expected Period                                                       Start date                November 18, 2024
                                                                          End date                  February 17, 2025
 4. Purpose of repurchase                                                                           To increase shareholders value, etc.
 5. Method of repurchase                                                                            Open market
 6. Consignment investment brokers                                                                  Samsung Securities Co., Ltd.

                                                                                                    Korea Investment & Securities Co, Ltd.

                                                                                                    Mirae Asset Securities Co., Ltd.

                                                                                                    Shinhan Securities Co., Ltd.

                                                                                                    KB Securities Co., Ltd.
 7. Date of board resolution (confirmation date)                                                     November 15, 2024
 - Attendance of independent directors at the board of directors meeting  Present                   6
                                                                          Absent                    0
 - Attendance of auditors who are not                                                               0

  Independent Directors
 8. Daily order quantity limit                                            Common                    6,525,123
                                                                          Other                     691,203

 

9. Other Information to Consider:

- Shares denoted as Other are preferred shares.

- In Item 2 above, the value of shares to be repurchased is based on the
closing price on the

 day of the board resolution (November 15, 2024). The actual amount may
change

 depending on future stock price fluctuations.

 ※ KRW 53,500 per common share and KRW 45,900 per preferred share

- In Items 4 and 5 above, all repurchased shares are planned to be cancelled.

- In Item 7 above, all Audit Committee members are Independent Directors.

- The calculation method for Item 8 above is the smaller of:  ③  and [the
larger of ① and ②].

 ① 10% of the number of shares to be repurchased: 5,014,462 common; 691,203
preferred

 ② 25% of average daily transaction volume for one month ending the day
before the date of the

board resolution: 6,525,123 common; 406,507 preferred

 ③ 1% of total number of issued shares: 59,697,825 common; 8,228,867
preferred

- No shares were repurchased prior to the decision to repurchase shares.

- Limit on the amount of repurchased shares (Korean won)

 1. Limits to Dividendable profit under Commercial Act as of end-2023           215,847,546,502,476
 2. Amount of repurchased shares since end-2023                                 0
 3. Amount of dividends on profits and reserves for related profits decided at  2,452,976,485,950
 a general meeting of shareholders since end-2023
 4. The interim dividend amount and related profit reserves decided by the      7,356,460,797,750
 board of directors since end-2023
 Limit on the amount of repurchased shares                                      206,038,109,218,776

 (1-2-3-4)

 

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