Last checked at 20 Apr 2018 07:39
Update on Stock Split
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") on January 31, 2018 announced a 50:1 stock split plan aimed at adding liquidity and marketability to the stock. The plan was approved at the Company's Annual General Meeting on March 23, 2018, and the schedule of the split of original shares traded in Korea is as follows:
- Period of trading suspension: April 30, 2018-May 3, 2018 (May 1 is Labor Day in Korea, a non-trading day)
- Listing date of new share certificates: May 4, 2018
Meanwhile, we have reviewed effects of splitting our GDRs, which are listed on the London Stock Exchange (common shares) and Luxembourg Stock Exchange (preferred shares). We have decided to adjust the conversion ratio rather than split the GDRs. The schedule regarding our GDRs is as follows:
- Conversion ratio between GDRs and shares traded in Korea: 1:25 (from the previous 1:0.5 ratio)
* The adjusted ratio will apply from May 4, 2018.
* The price and transaction process for GDRs will remain unchanged.
- Book closure: April 27, 2018-May 3, 2018
* During this period, GDRs can be traded but cannot be converted to original shares.