Samsung Electronics : Notice Regarding Confirmation of Next Phase of Share Buyback and Cancellation Plan
April 29, 2016 at 03:31 am EDT
Share
On 28 April 2016, the Board of Directors of Samsung Electronics Co., Ltd. confirmed the next stage of the Company's announced plan for the limited buyback and cancellation of its common and preferred stock, which was first disclosed on October 29, 2015.
Details of Repurchase
Type of Shares to be Repurchased
1. Common stock
2. Preferred stock
Estimated Total Number of Shares to be Repurchased
Estimated Total Purchase Price for Repurchase of Shares
KRW 2.0 trillion
- Common stock: KRW 1,690,000 million ( KRW 1,300,000 per share)
- Preferred stock: KRW 343,680 million (KRW 1,074,000 per share)
* Estimated total purchase price noted above is based on the market closing price of 27 April 2016. The actual total purchase price may differ from the current estimate.
Acquisition Method
Open market purchase through intermediaries
- Samsung Securities Co., Ltd.
- Korea Investment & Securities, Co., Ltd.
- Kyobo Securities Co., Ltd.
- Mirae Asset Securities Co., Ltd.
- Hana Financial Investment Co., Ltd.
Purchase Period
From 29 April 2016 to 28 July 2016
Other Information
- All repurchased shares will be cancelled
- Current ownership of treasury shares:
1. Common Share: 17,981,686 (12.6% of the total issued shares)
2. Preferred Share: 3,229,693 (15.3% of the total issued shares)
Attendance of Independent Directors at the BoD meeting: 5 (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.
Samsung Electronics Co. Ltd. issued this content on 28 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 April 2016 07:30:52 UTC
Original Document: http://www.samsung.com/us/aboutsamsung/news/newsIrRead.do?news_ctgry=irpublicdisclosure&page=1&news_seq=26047&rdoPeriod=ALL&from_dt=&to_dt=&search_keyword=
Samsung Electronics Co Ltd is Korea-based company principally engaged in the manufacture and distribution of electronic products. The Company operates its business through four 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.
SAMSUNG ELECTRONICS CO., LTD. 
