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Charitable Contribution

21 Feb 2020 09:14

RNS Number : 7408D
Samsung Electronics Co. Ld
21 February 2020
 

Charitable Contribution

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") on February 21, 2020 announced that its Board of Directors has authorized the following management plans for the Social Contribution Matching Fund for 2020 and contribution to Chungnam Samsung Academy.

 

 

Management Plans for the Social Contribution Matching Fund for 2020

- The Social Contribution Fund consists of voluntary contributions by employees and matching funds

by SEC. SEC plans to contribute KRW11.89 billion in 2020 to match the funds raised by

employees last year.

 

- SEC's contributions will be used for social contribution activities related to adolescent education.

 

Contribution to Chungnam Samsung Academy

- SEC will contribute KRW2.576 billion in early March, 2020 to Chungnam Samsung Academy as a part of its efforts to improve the local education infrastructure and learning environment.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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