SEOUL - Samsung Electronics Co (F:SAMEq)., Ltd. (KRX:005930) has successfully concluded its share repurchase program, acquiring a total of 57,056,664 shares, which represents 0.84% of its total issued shares, the company reported on Monday. The program, which ran from November 20, 2024, to February 13, 2025, resulted in the acquisition of 50,144,628 common shares and 6,912,036 preferred shares.
The common shares were purchased at an average price of KRW 54,526 per share, amounting to KRW 2,734,200 million, while the preferred shares were acquired at KRW 45,500 per share, totaling KRW 314,497 million. The total expenditure for the repurchase program reached KRW 3,048,697 million.
According to Samsung, the actual quantity of shares repurchased aligned with the planned acquisition figures previously reported on November 18, 2024. The company also noted that the shares acquired through this program are included in the treasury shares holding status as of today, but they are subject to cancellation.
Furthermore, the repurchase has led to changes in shareholdings by major shareholders. Notably, Samsung Life (KS:032830) Insurance (NSE:LIFI)'s holdings of common shares decreased from 508,157,148 to 503,904,843, and its special account holdings dropped from 5,569,527 to 5,435,337 common shares following sales through on-market transactions.
This share repurchase program is part of Samsung Electronics (KS:005930)' broader capital management strategy. The completion of the program is expected to potentially impact the company's share structure, as the repurchased shares are slated for cancellation.
The information reported is based on a press release statement and has been provided by RNS, the news service of the London Stock Exchange (LON:LSEG), which is authorized by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280). Terms and conditions regarding the use and distribution of this information may apply.
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