Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Samsung Electronics has decided to retire its previously acquired treasury shares (50.14M common shares, 6.91M preferred shares, valued at approx. KRW 3.05T) on February 20, 2025.
📊 [Key Disclosure Details & Financial Summary]
- Class and Number of Shares to be Retired:
- Common Stock: 50,144,628 shares
- Preferred Stock (Class Shares): 6,912,036 shares
- Total Number of Issued Shares: Common Stock: 5,969,782,550 shares / Preferred Stock: 822,886,700 shares
- Par Value per Share: KRW 100
- Estimated Retirement Amount: KRW 3,048,696,999,300 (Approx. KRW 3.05T based on book value / average acquisition cost)
- Method of Retirement: Cancellation of previously acquired treasury shares (acquired pursuant to the Board resolution on November 15, 2024)
- Scheduled Date of Retirement: February 20, 2025
- Board Resolution Date: February 18, 2025 (Attended by 6 Outside Directors and Audit Committee members)
- Other Details:
- Retirement of treasury shares within the scope of dividendable profit (Proviso of Article 343, Paragraph 1 of the Commercial Act), reducing the total number of shares without capital reduction.
- Replaces disclosure on disposal of treasury shares as it pertains to retiring existing treasury stock.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Share Retirement and Modification Listing
This disclosure outlines the board decision to retire approximately KRW 3.05T worth of treasury shares acquired under the November 2024 buyback program. Verifying whether the share cancellation is finalized as scheduled on February 20, 2025, and followed by official modifications in total share counts, is important for tracking the implementation of the company’s shareholder return policy. Detailed records can be verified in future periodic business reports and relevant follow-up disclosures.
📢 Disclaimer & Source Information
Source: This content was newly structured and generated based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
Investment Risk Warning: This content is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any specific stock. All investment decisions and financial liabilities rest entirely with the individual investor.
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