Samsung Electronics Co., Ltd. announced today it plans to buy back a total of KRW 10 trillion in the Company’s shares to enhance shareholder value.
The Company’s Board of Directors today authorized the share repurchase program that will be carried out in phases over the next 12 months.
In the next three months, KRW 3 trillion in stock will be repurchased and all of the shares will be canceled. This buyback will begin from Nov. 18 to Feb. 17, 2025 and will comprise of 50.14 million common shares and 6.91 million preferred shares.
The remaining KRW 7 trillion in the repurchase program will be authorized accordingly by the Board, which will decide on ways to enhance shareholder value, including when and how to use the treasury shares.
Samsung remains committed to delivering sustainable shareholder value and will continue to enhance long-term value creation.
Source: Samsung Newsroom, Link
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