Last checked at 16 Mar 2018 07:10
Decision on Stock Split (Update)
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("Samsung") today announced that the details of its stock split plan have been finalized. The stock split was originally announced on January 31, 2018. The updated details are set forth below:
□ Information on decision regarding stock split
1. Details of Stock Split | Classification | Before Stock Split | After Stock Split | |
Face Value per Share (KRW) | 5,000 | 100 | ||
Total Number of Shares Outstanding | Common Shares | 128,386,494 | 6,419,324,700 | |
Different Classes of Shares | 18,072,580 | 903,629,000 | ||
2. Stock Split Schedule | Scheduled Date of Shareholders' Meeting | March 23, 2018 | ||
Period for Tendering Existing Shares | From | March 26, 2018 | ||
To | May 2, 2018 (originally April 26) | |||
Scheduled Period of Trading Suspension | Three business days covering April 30 and May 2-3, 2018 as May 1 is a non-trading day (originally from April 25 to the day before scheduled listing date of new share certificates) | |||
Period for Closing Shareholders' Registry | From | May 3, 2018 (originally April 27) | ||
To | May 10, 2018 (originally May 14) | |||
Scheduled Listing Date of New Share Certificates | May 4, 2018 (originally May 16) | |||
3. Purpose of Stock Split | To increase the number of shares outstanding | |||
4. Other important matters related to investment decision | 1. This plan will be submitted to the upcoming meeting of shareholders scheduled on March 23, 2018. 2. The total number of shares outstanding reflects the number of shares that were cancelled on January 30, 2018 (712,000 common shares and 178,000 preferred shares). 3. The above schedules are subject to change in accordance with the voting results at the shareholder meeting. 4. The different classes of shares refers to preferred shares, and details are as follows: 1) Preferred shares have no voting rights. 2) Preferred shares are non-cumulative and pay 1% higher cash dividend per annum than do common shares, based on face value. 3) In the event of stock dividends or a capital increase with or without consideration, the conditions as stipulated in Article 8 of Samsung Electronics' Articles of Incorporation shall apply to newly issued preferred shares. 5. The Scheduled Period of Trading Suspension excludes the scheduled date of Samsung's first quarter earnings release (April 26) and the expiry dates of futures and options (May 10 and May 15, respectively) to minimize market impacts and for investor convenience. 6. The procedure of change listing shall take place before the issuance of new shares. Registered shareholders who deposited their shares to the Korea Securities Depository (KSD) through a brokerage firm can start transactions from May 4, 2018, the scheduled listing date of new share certificates, and holders of stock certificates can start transactions from May 11, 2018. 7. Holders of stock certificates can start transactions on the date of new share certificates if they deposit their shares to the KSD through a brokerage firm. (Contact your brokerage firm for inquiries related to deposit schedules or procedures.) | |||
Other Information:
ž The above information is based on the laws of Korea and only applies to shares traded in the stock exchange of Korea.
Citibank, the depositary bank, will provide a separate notice regarding information related to depository receipts.
ž Number of Independent Directors Present at the BOD Meeting: 5