Samsung SDS to consider shareholders' buyback, higher payout demands (updated)

SAMSUNG SDS

14/06/2016 10:19

* Minority investors demand countermeasures after share 
price fall 
    * SDS shares down 15 percent in June on restructure 
speculation 
 
 (Adds comments from Samsung SDS, background) 
    SEOUL, June 14 (Reuters) - South Korean software services 
firm Samsung SDS Co Ltd  018260.KS  will consider measures such 
as buying back its own shares or increasing dividend payments in 
response to requests from minority shareholders, a company 
executive said on Tuesday. 
    A Samsung SDS spokesman confirmed remarks by Chief Financial 
Officer Park Sung-tae who told minority shareholders seeking 
countermeasures to a recent stock price drop that the firm would 
consider various requests such as a buyback or bigger payouts. 
   The remarks were reported earlier by online news service 
Edaily. 
   Samsung SDS shares are down 15 percent this month amid 
speculation the firm might sell off its logistics outsourcing 
business and information technology systems services divisions 
to fellow Samsung Group  SAGR.UL  firms Samsung C&T Corp 
 028260.KS  and Samsung Electronics Co Ltd  005930.KS  as part 
of group-wide restructuring. 
    The stock has rebounded in recent days after both Samsung 
C&T and Samsung Electronics denied the reports last week. 
    Samsung SDS said last week it was considering spinning off 
its logistics business. 
 
 (Reporting by Se Young Lee; Editing by Christopher Cushing) 
 ((vincentsy.lee@thomsonreuters.com; +822 3704 5646; Reuters 
Messaging: vincentsy.lee.thomsonreuters.com@reuters.net; follow 
me on Twitter @Rover829)) 
 
Keywords: SAMSUNG SDS BUYBACK/