End-of-day quote
Korea S.E.
07:00:00 2024-03-27 pm EDT
5-day change
1st Jan Change
80,800
KRW
+1.25%
+5.07%
+2.93%
Samsung Electronics : Notice on Decision of Share Buyback and Cancellation
October 30, 2015 at 07:38 am EDT
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%)
* This public disclosure is in accordance with the Article 161 of Korean Financial Investment Services and Capital
Market Act and the Article 171 of Enforcement Decree of the Financial Investment Services and Capital Market Act.
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Samsung Electronics Co., Ltd. is Korea-based company principally engaged in the manufacture and distribution of electronic products. The Company operates its business through three segments. The Information Technology & Mobile Communications (IM) segment manufactures computers, handhold phones (HHPs), network systems, digital cameras and others. The Device Solutions (DS) segment provides semiconductor and display parts, including dynamic random access memories (DRAMs), flashes, thin film transistor-liquid crystal displays (TFT-LCDs) and others. The Consumer Electronics (CE) segment manufactures color televisions (CTVs), monitors, printers, air conditioners, refrigerators, laundry machines and others. The Harman segment manufactures headunits, infotainment, telematics, speaker, among others. The Company distributes its products within domestic market and to overseas markets.
More about the company
Last Close Price
80,800
KRW
Average target price
95,575
KRW
Spread / Average Target
+18.29%
Consensus
1st Jan change
Capi.
+2.93% 393B +22.93% 1.95B -7.12% 1.24B +6.43% 938M +8.22% 829M +43.52% 671M +8.99% 564M -17.67% 406M +31.22% 167M -7.01% 83.9M
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+951% of historical performance
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