REG - Samsung Electronics - Delisting and Listing of Stocks

Samsung Electronics CoAnnouncement

31/10/2024 09:15

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RNS Number : 4089K  Samsung Electronics Co. Ld  31 October 2024

Delisting of Stocks, etc., from Overseas Stock Exchange

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD), on October 31,
2024, announced that its Board of Directors has authorized following Delisting
of Stocks, etc., from Overseas Stock Exchange.

 

 1. Type and number of shares delisted                                    Common                      -
                                                                          Other                       38,685,850
 2. Listing exchange and location                                                                     Luxembourg Stock Exchange (Luxembourg)
 3. Planned date of delisting application                                                             November 6, 2024
 4. Planned date of delisting                                                                         March 31, 2025
 5. Reasons for delisting                                                                             Insignificant trading volume of preferred share depositary receipts
 6. Date of board resolution (confirmation date)                                                      October 31, 2024
 - Attendance of independent directors at the board of directors meeting  Present                     6
                                                                          Absent                      0
 - Attendance of auditors (audit committee members)                                                   Present

 

7. Other information to consider:

- In item 1 above, the types of shares being delisted are depositary receipts
(DRs) derived from

 the preferred shares of Samsung Electronics. The DR ratio is 25:1.

- In item 1 above, the number of shares being delisted, 38,685,850 (or
1,547,434 DRs), is as of

 October 25, 2024.

- The planned date of delisting (item 4) is subject to change in accordance
with the approval

 timeline of the Luxembourg Stock Exchange. Samsung Electronics plans to
announce the same

 when the delisting date is confirmed.

- Samsung Electronics was listed on the Luxembourg Stock Exchange in 1991
through issuance

 of DRs representing preferred shares in order to facilitate transactions for
overseas investors.

 Although the DRs are being delisted in the Luxembourg Stock Exchange at this
time, overseas

 investors will continue to be able to trade the preferred share DRs as they
will be listed on the

 London Stock Exchange. Furthermore, the holders of preferred share DRs can
freely exchange

 their DRs for the underlying preferred shares if they so wish, in accordance
with the previous

 terms.

 

8. Reference:

- The DRs are based on preferred shared issued pursuant to Title Ⅷ of the
Articles of

 Incorporation of Samsung Electronics.

- The portion of profit for preferred shares are non-cumulative and the
dividend rate for preferred

 shares is 1% more than that for common shares on an annual basis. The
preferred shares are

 non-voting.

 

Listing of Stocks, etc. on Overseas Stock Exchange

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD), on October 31,
2024, announced that its Board of Directors has authorized following Listing
of Stocks, etc., from Overseas Stock Exchange.

 

 1. Types and number of shares to be listed                               Common                      -
                                                                          Other                       38,685,850
 - Total number of issued shares                                          Common                      -
                                                                          Other                       822,886,700
 2. Public offering method                                                Primary                     -
                                                                          Secondary                   -
 3. Purpose of financing (primary offering)                                                           -
 4. Total number of securities to be listed                               Underlying stock            -
                                                                          DRs                         1,547,434
 5. Listing exchange and location                                                                     London Stock Exchange (United Kingdom)
 6. Purpose of listing                                                                                Transfer the DRs representing preferred stock from the Luxembourg Stock
                                                                                                      Exchange to the London Stock Exchange
 7. Planned date of listing                                                                           March 31, 2025
 8. Date of board resolution (decision date)                                                          October 31, 2024
 - Attendance of independent directors at the board of directors meeting  Present                     6
                                                                          Absent                      0
 - Attendance of auditors (audit committee members)                                                   Present

 

9. Other information to consider:

- In item 1 above, the types and numbers of shares to be listed are depositary
receipts (DRs) derived

 from the preferred shares of Samsung Electronics as of October 25, 2024.

- In item 1 above, the number of shares to be listed refers to the total
number of preferred stocks

 issued by the Company, deducting the number of profit redemption by board
resolutions (as of

 October 25, 2024).

- In relation to items 2 and 3 above, the listing of preferred stock DRs on
the London Stock

 Exchange is a transfer of the existing preferred stock DRs that are listed
on the Luxembourg Stock

 Exchange. Therefore, there is no public offering and public sale of
securities and no financing.

- The number of DRs to be listed (item 4) is derived from the number of
underlying preferred shares

 (i.e., 38,685,850) with DR ratio of 25:1.

- The planned date of listing (item 7) may change pursuant to the approval
timeline of the London

 Stock Exchange, and it will be announced once the date is confirmed.

 

10. Reference:

- The DRs are based on preferred shared issued pursuant to Title Ⅷ of the
Articles of

 Incorporation of Samsung Electronics.

- The portion of profit for preferred shares are non-cumulative and the
dividend rate for preferred

 shares is 1% more than that for common shares on an annual basis. The
preferred shares are

 non-voting.

 

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