Last checked at 29 Oct 2015 07:00
Notice on Decision of Share Buyback and Cancellation
On 29 October 2015, Samsung Electronics' Board of Directors approved share buyback and cancellation of our
common and preferred stocks.
□ Details of matters
Type of stocks to be repurchased | 1. Common stock 2. Preferred stock |
Estimated Total number of shares to be repurchased | 1. Common stock: 2,230,000 (223,000 Daily purchase limit) 2. Preferred stock: 1,240,000 (124,000 Daily purchase limit) |
Estimated Total purchase price for repurchase of shares | KRW 4.2 trillion - Common stock: KRW 2,916,840 million ( KRW 1,308,000 per share) - Preferred stock: KRW 1,267,280 million (KRW 1,022,000 per share) * Estimated total purchase price noted here is based on the market closing price of 28 October 2015. The actual total purchase price may differ from the current estimate. |
Method of acquisition | Open market purchase program through intermediaries - Samsung Securities Co., Ltd. - Korea Investment & Securities, Co., Ltd. - Kyobo Securities Co., Ltd. - Mirae Asset Securities Co., Ltd. - Hana Daetoo Securities Co., Ltd. |
Period of Purchase | From 30 October 2015 to 29 January 2016 |
Other material information | - All repurchased shares will be cancelled after the buyback is completed - Current ownership of treasury shares: 1. Common Share: 17,986,686 (12.2% of the total issued shares) 2. Preferred Share: 3,229,693 (14.1% of the total issued shares) |
□ Attendance of Independent Directors at the BoD meeting: 5 (100%)
□ Attendance of Audit Committee members at the BoD meeting: Yes (100%)