REG - Samsung Electronics Samsung Elec - SMSD - Final Delisting and Listing of Stocks

Samsung Electronics CoAnnouncement

13/02/2025 09:15

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RNS Number : 0168X  Samsung Electronics Co. Ld  13 February 2025

Delisting of Stocks, Etc., from Overseas Stock Exchange

 

 

 1. Listing Exchange and Location                          Luxembourg Stock Exchange (Luxembourg)
 2. Type and Number of Shares Delisted  Common (shares)    -
                                        Other (shares)     39,191,100
 3. Closing Date of Trading                                February 13, 2025
 4. Reasons for Delisting                                  Insignificant trading volume of preferred share depositary receipts (DRs)
 5. Future Plan                                            Samsung Electronics preferred share DRs are scheduled to be listed on the
                                                           London Stock Exchange following the closing date of trading. Thus, the holders
                                                           of our preferred share DRs, which were previously listed on the Luxemburg
                                                           Stock Exchange, may continue trading them on the London Stock Exchange.
 6. Confirmation Date                                      February 13, 2025

7. Other Information to Consider

- In item 2 above, the type and number of shares to be delisted are depositary
receipts (DRs) derived from the preferred shares of Samsung Electronics. The
DR ratio is 25:1.

- In item 2 above, the number of shares being delisted, 39,191,100 shares
(1,567,644 DRs), is as of February 10, 2025.

- Samsung Electronics was listed on the Luxembourg Stock Exchange in 1991
through the issuance of DRs representing preferred shares in order to
facilitate transactions for overseas investors. The Company has now delisted
the DRs on the Luxembourg Stock Exchange. However, the delisted preferred
share DRs will be listed on the London Stock Exchange, so overseas investors
will continue to be able to trade them. 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.

- Date of the relevant disclosure: October 31, 2024 Delisting and Listing of
Stocks

 

 

 

 

※ Other Information

 Articles of Incorporation  The above mentioned preferred share DRs were issued in accordance with Article
                            8 (Types of Shares and Share Certificates)
 Share Details              - Preferred shares

                            ㆍNon-cumulative and non-voting

                            ㆍAdditional dividend of 1% per annum of the face value compared to the
                            dividend for common shares

 

 

Listing of Stocks, Etc. on Overseas Stock Exchange

 

 1. Type and Number of Shares to be Listed  Common (shares)    -
                                            Other (shares)     39,191,100
 2. Listing Exchange and Location                              London Stock Exchange (United Kingdom)
 3. Code                                                       SMSD
 4. Listing Date                                               February 13, 2025
 5. Confirmation Date                                          February 13, 2025

 

6. Other Information to Consider

- In item 1 above, the type and number of shares to be listed are depositary
receipts (DRs) derived from the preferred shares of Samsung Electronics, as of
February 10, 2025.

- Samsung Electronics has applied to transfer 1,567,644 preferred share DRs,
previously listed on the Luxemburg Stock Exchange, to the London Stock
Exchange. The London Stock Exchange, on February 13, 2025, approved the
listing of the above DRs.

- Samsung Electronics has deposited the 39,191,100 underlying shares with an
overseas depository bank (the actual shares are held by
Korea Securities Depository, the domestic depository bank, on behalf of the
overseas depository bank) and the DR ratio is 25:1. Therefore, the number of
listed DRs is 1,567,644. The number of other shares mentioned above in item 1
(Type and Number of Shares to be Listed) refers to the type and number of
shares underlying these preferred share DRs.

- The market price of the DRs issued by Samsung Electronics can be checked on
the London Stock Exchange website (www.londonstockexchange.com).

 

※ Other Information

 Articles of incorporation  The above mentioned preferred share DRs were issued in accordance with Article
                            8 (Types of Shares and Share Certificates)
 Share details              - Preferred shares

                             - Preferred shares

                            ㆍNon-cumulative and non-voting

                            ㆍAdditional dividend of 1% per annum of the face value compared to the
                            dividend for common shares

 

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