Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Samsung Electronics filed a corrected disclosure revising the daily buy order limit for common stock from 5,186,828 shares to 5,246,563 shares regarding its plan to acquire approximately KRW 3.00T worth of treasury shares on-market.
📊 [Key Disclosure Details & Financial Summary]
- Disclosure Category: Correction of Major Business Report (Decision on Acquisition of Treasury Stock)
- Original Filing Date: February 18, 2025
- Reason for Correction: Clerical correction of daily buy order limit and calculation basis for common stock
- Shares to be Acquired & Estimated Amount (Based on Feb 17, 2025 closing price):
- Common Stock: 48,149,247 shares / KRW 2,696,357,832,000 (Approx. KRW 2.696T at KRW 56,000/share)
- Preferred Stock (Other Shares): 6,636,988 shares / KRW 303,642,201,000 (Approx. KRW 303.6B at KRW 45,750/share)
- Total Estimated Amount: Approx. KRW 3.00T (Subject to market price fluctuations)
- Expected Acquisition Period: February 19, 2025 ~ May 16, 2025
- Purpose of Acquisition: Enhancing shareholder value and stock-based compensation for employees
- Approx. KRW 2.50T: Stock price stabilization and shareholder value enhancement
- Approx. KRW 500B: Restricted Stock Awards (RSA) and employee incentive compensation
- Method of Acquisition: On-market purchase on the KOSPI market
- Daily Buy Order Limit (Corrected):
- Common Stock: 5,186,828 shares ➔ 5,246,563 shares (Revised upward)
- Preferred Stock: 663,698 shares (Unchanged)
- Entrusted Brokerage Firms: Samsung Securities, Korea Investment & Securities, Shinhan Securities, KB Securities, IBK Securities
- Board Decision Date: February 18, 2025 (Attended by 6 Outside Directors)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Execution of Treasury Stock Purchase and Reflection in Periodic Reports
This disclosure reports the clerical revision of the daily buy order limit for common stock as part of the company’s KRW 3.00T treasury stock buyback program. Verifying whether the share purchases are executed as scheduled within the updated order limits during the acquisition period (February 19 to May 16, 2025) is important for tracking the implementation of this disclosure. Detailed records can be verified in future periodic business reports or 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).
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