Samsung SDS says decided against share buybacks, interim dividend

SAMSUNG SDS

21/06/2016 24:26

SEOUL, June 21 (Reuters) - South Korean software services 
firm Samsung SDS Co Ltd  018260.KS  said on Tuesday it decided 
against buying back its own shares or paying an interim dividend 
after considering requests from some shareholders.  
    Samsung SDS, in a regulatory filing, said current 
considerations for a potential spinoff off its logistics 
business posed procedural problems for such steps. However, the 
company said in a separate statement it would consider various 
options to boost shareholder value, including higher dividend 
payouts in the future.  
    The company, part of South Korea's top conglomerate Samsung 
Group  SAGR.UL , said last week it would consider measures such 
as share buybacks or higher dividend payouts in response to 
requests from minority shareholders.  urn:newsml:reuters.com:*:nL4N19632X 
     
 
 (Reporting by Se Young Lee; Editing by Richard Pullin) 
 ((vincentsy.lee@thomsonreuters.com; +822 3704 5646; Reuters 
Messaging: vincentsy.lee.thomsonreuters.com@reuters.net; follow 
me on Twitter @Rover829)) 
 
Keywords: SAMSUNG SDS SHAREHOLDERS/