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  2. Share Prices
  3. Samsung El.gdr Share Price
  4. Samsung El.gdr Share Regulatory News
  5. Renewal of Property & Casualty Insurance Policy

Pin to quick picksSamsung El.gdr Regulatory News (SMSN)

Samsung El.gdr Information

Share Price Information for Samsung El.gdr (SMSN)

London Stock Exchange
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Share Price: 1,450.00
Bid: 1,446.00
Ask: 1,450.00
Change: 18.00 (1.26%)
Spread: 4.00 (0.277%)
Open: 1,432.00
High: 1,458.00
Low: 1,429.00
Prev. Close: 1,432.00
SMSN Live PriceLast checked at -
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Renewal of Property & Casualty Insurance Policy

27 May 2020 09:00

RNS Number : 0564O
Samsung Electronics Co. Ld
27 May 2020
 

Renewal of Property & Casualty Insurance Policy

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) on May 27, 2020 announced that its Board of Directors has approved the renewal of the property and casualty insurance policy (package policy) from Samsung Fire & Marine Insurance Co., Ltd.

 

▫ Details

 

1. Effective date: August 1, 2020

 

2. Insurance premium: KRW 86.08 billion

 

3. Coverage period: August 1, 2020-August 31, 2021 (13 months)

 

4. Purpose: Purchase a package insurance policy to insure against risks such as fires, explosions, operational disruptions, etc., at SEC's business sites located in Korea.

 

5. Other Information

- This insurance covers damages or losses caused by the insured risks.

- Number of Independent Directors present at the BOD meeting: 6 (100%)

- Attendance of Audit Committee: Y

 

※ This public disclosure is in accordance with the Korean Fair Trade Act, which

 mandates that a purchaser of an insurance policy disclose the purchase of the policy

 in the event the transaction is worth more than KRW 5 billion and the insurance

 company involved is the purchaser's financial affiliate.

 

 

 

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.
 
END
 
 
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