Samsung Electronics Co., Ltd. introduced at present it plans to purchase again a complete of KRW 10 trillion within the Company’s shares to reinforce shareholder worth.
The Company’s Board of Directors at present approved the share repurchase program that will likely be carried out in phases over the subsequent 12 months.
In the subsequent three months, KRW three trillion in inventory will likely be repurchased and all the shares will likely be canceled. This buyback will start from Nov. 18 to Feb. 17, 2025 and can comprise of 50.14 million widespread shares and 6.91 million most popular shares.
The remaining KRW 7 trillion within the repurchase program will likely be approved accordingly by the Board, which can determine on methods to reinforce shareholder worth, together with when and tips on how to use the treasury shares.
Samsung stays dedicated to delivering sustainable shareholder worth and can proceed to reinforce long-term worth creation.
