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  2. Share Prices
  3. Samsung El.gdr Share Price
  4. Samsung El.gdr Share Regulatory News
  5. Transaction with Affiliate Company

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: 1,399.00
Bid: 1,370.00
Ask: 1,495.00
Change: 0.00 (0.00%)
Spread: 125.00 (9.124%)
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Prev. Close: 1,399.00
SMSN Live PriceLast checked at -
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Transaction with Affiliate Company

29 Nov 2019 07:49

RNS Number : 1241V
Samsung Electronics Co. Ld
29 November 2019
 

Transaction with Affiliate Company

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) on November 29, 2019 announced that its Board of Directors has authorized the following related-party transactions with affiliated companies:

 

Purchase of retirement pension policy from Samsung Life Insurance Company

- To ensure stability of retirement benefit management and enhance overall profitability of the pension policy.

□ Major transaction terms

Insurer

Samsung Life Insurance Company

Type of policy

Retirement Pension Policy (defined contribution)

Total premium*

KRW 26 billion

Terms of payment

Installment

Insurance

Retirement benefits at time of retirement

Terms and conditions

Insurance period ends on the contract end date

*Estimated amount for the financial year 2020 and the actual amount may differ.

Other Information:

ž Number of Independent Directors present at the Board of Directors meeting: 6 of 6

ž Attendance of Audit Committee: Y

Purchase of retirement pension policy from Samsung Life Insurance Company

- To ensure stability of retirement benefit management and enhance overall profitability of the pension policy.

□ Major Transaction Terms

Insurer

Samsung Life Insurance Company

Type of policy

Retirement Pension Policy (defined benefit)

Total premium*

KRW 1.725 trillion

Terms of payment

Immediate

Insurance

Retirement benefits at time of retirement

Terms and conditions

Insurance period ends on the contract end date

*Estimated amount for the financial year 2019 and the actual amount may differ.

Other Information:

ž Number of Independent Directors present at the Board of Directors meeting: 6 of 6

ž Attendance of Audit Committee: Y

 

※ This disclosure is in accordance with the Korean Fair Trade Act, which mandates that a company must disclose financial and

real estate transactions in the event the value of such a transaction is greater or equal to KRW 5 billion and the counterparty is

a financial affiliate of the party required to make the disclosure.

 

 

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
 
 
POSFEISWUFUSELF
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Date   Source Headline
30th Jul 20159:28 amRNSRenewal of Property and Casualty Insurance
30th Jul 20158:30 amRNS2015 2Q Earnings Release
30th Jul 20158:18 amRNSAnnouncement of 2015 Interim Cash Dividend
17th Jul 20158:23 amRNSNotice of 2015 Q2 Earnings Release Schedule
7th Jul 20157:00 amRNS2015 2Q pre-earnings guidance
29th Jun 20151:07 pmRNSSales of Stakes (Update)
3rd Jun 201510:06 amRNSBook Closure Record Date for Interim Dividends
29th May 201510:33 amRNS2015 1Q Interim Report
28th May 20157:00 amRNSAnnouncement of IR event
30th Apr 20159:38 amRNSSales of Stakes (Update)
29th Apr 20159:18 amRNSCharitable Contribution
29th Apr 20157:41 amRNS2014 Business Report
29th Apr 20157:00 amRNS2015 1Q Earnings Release
17th Apr 20159:10 amRNSNotice of 2015 Q1 Earnings Release Schedule
7th Apr 20157:00 amRNS2015 1Q pre-earnings guidance
13th Mar 20159:01 amRNSResults of the 46th Annual General Meeting
13th Mar 20157:00 amRNS2014 Consolidated Financial Statements
27th Feb 20158:07 amRNSResponse to disclosure inquiry regarding news
13th Feb 201510:03 amRNSDonation
13th Feb 20159:59 amRNS2015 Proxy Material - Replacement
13th Feb 20158:50 amRNS2015 Proxy Material
30th Jan 201510:57 amRNSCourt's Ruling on Samsung Motors Case
30th Jan 20158:08 amRNSTransaction with SVIC
29th Jan 20157:00 amRNSYear-End Cash Dividend for FY2014
29th Jan 20157:00 amRNS2014 4Q Earnings Release
29th Jan 20157:00 amRNSResults of Share Repurchase Program
16th Jan 20157:50 amRNSNotice of 2014 Q4 Earnings Release Schedule
8th Jan 20157:00 amRNSSamsung Electronics Pre-Earnings Guidance(2014.4Q)
19th Dec 20147:00 amRNSResponse to disclosure inquiry (year-end dividend)
12th Dec 20147:00 amRNSNotice of Book Closure for the AGM
10th Dec 20147:00 amRNSAnnouncement on Merger of Subsidiaries
5th Dec 20147:00 amRNSConsolidated financial report for 3Q FY2014
28th Nov 20148:00 amRNS3Q 2014 Interim Business Report
27th Nov 20149:17 amRNSTransaction with affiliate companies
26th Nov 20147:45 amRNSPurchase of Assets
26th Nov 20147:34 amRNSNotice on Decision of the Share Repurchase
26th Nov 20147:00 amRNSSales of Equity Assets
26th Nov 20147:00 amRNSSales of Equity Assets (Samsung Techwin)
14th Nov 20148:46 amRNSAnnouncement of Investor Relations Event
30th Oct 20147:00 amRNSSamsung Electronic 2014 3Q Earnings Release
17th Oct 20148:17 amRNSNotice of 2014 Q3 Earnings Release Schedule
7th Oct 20147:00 amRNSMOU Pyeongtaek New Semiconductor Fabrication Plant
7th Oct 20147:00 amRNS2014 3Q Preliminary Earnings Guidance
12th Sep 20147:00 amRNS2014 2Q Consolidated Report
1st Sep 20147:00 amRNSHalf Yearly Report
1st Aug 20147:47 amRNSRenewal of Property and Casualty Insurance Policy
31st Jul 201410:34 amRNSDonation
31st Jul 201410:29 amRNSTransaction limit with Samsung Asset Management
31st Jul 20147:00 amRNSAnnouncement of 2014 Interim Cash Dividend
31st Jul 20147:00 amRNS2014 2Q Earnings Release
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