Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Samsung Electronics filed a correction disclosure to clarify the full names of all five commissioned brokerages for its KRW 3 trillion treasury stock buyback plan.
📊 [Key Disclosure Details & Financial Highlights]
1. Correction Overview
- Original Filing Date: 2024-11-18 (Major Matters Report – Treasury Stock Acquisition Decision)
- Correction Date: 2024-11-18
- Reason for Correction: Clerical amendment to specify the complete list of commissioned investment brokers.
2. Key Revisions (Commissioned Brokers)
- Before: Samsung Securities Co., Ltd. et al.
- After: Samsung Securities Co., Ltd., Korea Investment & Securities Co, Ltd., Mirae Asset Securities Co., Ltd., Shinhan Securities Co.,Ltd, KB Securities Co.Ltd
3. Main Summary of Treasury Stock Buyback Plan
- Target Shares: 50,144,628 common shares / 6,912,036 preferred shares.
- Estimated Acquisition Amount: Common shares KRW 2,682,737,598,000 / Preferred shares KRW 317,262,452,400 (Total approx. KRW 3.0T based on closing prices on 2024-11-15).
- Expected Execution Period: 2024-11-18 ~ 2025-02-17.
- Purpose & Treatment: Enhancing shareholder value (All acquired shares are planned to be retired/canceled).
- Method: On-market direct purchase via the KOSPI market.
- Daily Buy Order Limit: Common shares 6,525,123 shares / Preferred shares 691,204 shares.
4. Additional Important Details
- Statutory Dividend Capacity Limit for Buyback: KRW 206.04T.
- Board Decision Date: 2024-11-15 (All 6 outside directors present).
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Treasury Stock Purchase and Retirement Progress via Subsequent Disclosures
This disclosure amends the list of commissioned securities firms handling the buyback transactions to ensure accurate details. Verifying whether the approved treasury stock acquisition and subsequent cancellation plans are executed as scheduled is important for tracking the implementation of shareholder return policies. Investors can review the progress through subsequent disclosures, including the Treasury Stock Acquisition Result Report 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.
Investment Risk Warning: This material is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any specific stocks. All investment decisions and financial responsibilities rest entirely with the investor.
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