Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD), on November 15, 2024, announced that its Board of Directors authorized the following Share Repurchase Plan and Decision on Share Repurchase.
Share Repurchase Plan
| 1. Title | Share Repurchase Plan |
| 2. Contents | - Total amount : 10 trillion Korean won - Method : Installment purchase within a year - Purpose : To increase shareholders value, etc. |
| 3. Information Release | - Provider : IR Team - Recipients : Investors, media, etc - Date of release : November 15, 2024 |
| 4. Contact Point | IR Team (Phone: 02-2255-9000) |
Decision on Share Repurchase
| 1. Number of shares to be repurchased | Common | 50,144,628 |
| Other | 6,912,036 | |
| 2. Value of shares to be repurchased(Korean won) | Common | 2,682,737,598,000 |
| Other | 317,262,452,400 | |
| 3. Expected Period | Start date | November 18, 2024 |
| End date | February 17, 2025 | |
| 4. Purpose of repurchase | To increase shareholders value, etc. | |
| 5. Method of repurchase | Open market | |
| 6. Consignment investment brokers | Samsung Securities Co., Ltd. Korea Investment & Securities Co, Ltd. Mirae Asset Securities Co., Ltd. Shinhan Securities Co., Ltd. KB Securities Co., Ltd. | |
| 7. Date of board resolution (confirmation date) | November 15, 2024 | |
| - Attendance of independent directors at the board of directors meeting | Present | 6 |
| Absent | 0 | |
| - Attendance of auditors who are not Independent Directors | 0 | |
| 8. Daily order quantity limit | Common | 6,525,123 |
| Other | 691,203 | |
9. Other Information to Consider:
- Shares denoted as Other are preferred shares.
- In Item 2 above, the value of shares to be repurchased is based on the closing price on the
day of the board resolution (November 15, 2024). The actual amount may change
depending on future stock price fluctuations.
※ KRW 53,500 per common share and KRW 45,900 per preferred share
- In Items 4 and 5 above, all repurchased shares are planned to be cancelled.
- In Item 7 above, all Audit Committee members are Independent Directors.
- The calculation method for Item 8 above is the smaller of: [③] and [the larger of ① and ②].
① 10% of the number of shares to be repurchased: 5,014,462 common; 691,203 preferred
② 25% of average daily transaction volume for one month ending the day before the date of the
board resolution: 6,525,123 common; 406,507 preferred
③ 1% of total number of issued shares: 59,697,825 common; 8,228,867 preferred
- No shares were repurchased prior to the decision to repurchase shares.
- Limit on the amount of repurchased shares (Korean won)
| 1. Limits to Dividendable profit under Commercial Act as of end-2023 | 215,847,546,502,476 |
| 2. Amount of repurchased shares since end-2023 | 0 |
| 3. Amount of dividends on profits and reserves for related profits decided at a general meeting of shareholders since end-2023 | 2,452,976,485,950 |
| 4. The interim dividend amount and related profit reserves decided by the board of directors since end-2023 | 7,356,460,797,750 |
| Limit on the amount of repurchased shares (1-2-3-4) | 206,038,109,218,776 |
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