Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Samsung Electronics announced a board decision to transfer the listing of its preferred Depositary Receipts (DRs) from the Luxembourg Stock Exchange to the London Stock Exchange.
📊 [Key Disclosure Details & Financial Highlights]
1. Listing Securities & Volume
- Securities Type: Depositary Receipts (DRs) based on preferred shares
- Underlying Shares (Preferred): 38,685,850 preferred shares (out of 822,886,700 total outstanding preferred shares)
- Scheduled DR Listing Volume: 1,547,434 DRs (applied ratio: 25 underlying preferred shares per 1 DR)
2. Listing Conditions & Purpose
- Target Exchange: London Stock Exchange (UK)
- Purpose of Overseas Listing: Transfer of preferred DR listing from the Luxembourg Stock Exchange to the London Stock Exchange
- Offering Method & Capital Raised: No new share issuance or secondary offering (No capital raised as this is a simple listing transfer)
3. Schedule & Board Resolution
- Expected Listing Date: 2025-03-31 (subject to change depending on London Stock Exchange approval schedule)
- Board Resolution Date: 2024-10-31 (All 6 outside directors and audit committee members present)
4. Details on Underlying Preferred Shares
- Non-cumulative, non-voting preferred shares
- Entitled to an additional 1% annual dividend over common shares
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Final Listing Schedule upon Exchange Approval
This disclosure reports the board resolution to transfer the listing of Samsung Electronics’ preferred DRs from Luxembourg to the London Stock Exchange. Verifying whether the transfer receives final regulatory approval from the London Stock Exchange and is completed according to the projected schedule is important for tracking changes in overseas depositary receipt trading venues. Investors can review subsequent confirmation details through future follow-up disclosures and periodic reports.
📢 Disclaimer & Source Notice
Source: This content was structured and generated based on official submission data from the Financial Supervisory Service’s DART system.
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