Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Samsung Electronics announced a board decision to delist its preferred Depositary Receipts (DRs) from the Luxembourg Stock Exchange due to low trading volume, alongside plans to transfer the listing to the London Stock Exchange.
📊 [Key Disclosure Details & Financial Highlights]
1. Delisting Securities & Volume
- Securities Type: Depositary Receipts (DRs) based on preferred shares
- Underlying Shares (Preferred): 38,685,850 preferred shares (1,547,434 DRs, based on a 25:1 underlying share to DR ratio as of 2024-10-25)
2. Exchange & Reason for Delisting
- Target Exchange: Luxembourg Stock Exchange (Luxembourg)
- Reason for Delisting: Low trading volume of preferred DRs listed on the Luxembourg Stock Exchange
3. Schedule & Board Resolution
- Scheduled Application Date: 2024-11-06
- Expected Delisting Date: 2025-03-31 (subject to change depending on the approval schedule of the Luxembourg Stock Exchange)
- Board Resolution Date: 2024-10-31 (All 6 outside directors and audit committee members present)
4. Additional Important Details
- Following delisting from the Luxembourg Stock Exchange, the preferred DRs are planned to be listed on the London Stock Exchange, allowing continued trading via LSE.
- Preferred DR holders may freely convert their DRs into underlying common preferred shares as before.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Delisting Approval and Final Schedule Confirmation
This disclosure reports the board decision to file for the delisting of preferred DRs from the Luxembourg Stock Exchange due to low trading volume. Verifying whether final regulatory approval is granted by the Luxembourg Stock Exchange and the delisting schedule progresses as planned is important for tracking the completion of overseas depositary receipt delisting procedures. Investors can review subsequent execution 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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