SEOUL - Samsung Electronics Co (F:SAMEq)., Ltd. (SMSD), the Korea-based global electronics giant, has announced the successful admission of its global depositary receipts (GDRs) to the UK Financial Conduct Authority’s official list and the London Stock Exchange (LON:LSEG)’s main market for listed securities, effective today. This move coincides with the company’s delisting of the GDRs from the Luxembourg Stock Exchange, with the last trading day on that exchange being Wednesday.
The shift to the London Stock Exchange is in line with Samsung (KS:005930)’s strategy to streamline its trading platforms and follows the company’s previous announcement on November 26, 2024. The transition is expected to provide the company with access to a broader investment base and enhance the liquidity of its GDRs, which represent the company’s non-voting preference shares.
The GDRs, carrying the ISIN US7960502018, allow international investors to hold shares in the electronics firm, and their admission to the London Stock Exchange is a significant step for Samsung as it continues to expand its global investor outreach. The company’s decision to delist from the Luxembourg Stock Exchange was executed in accordance with its strategic objectives and regulatory compliance.
Samsung’s legal counsel, Sang-Beom Hong, confirmed the updates, which were disseminated via RNS, the news service of the London Stock Exchange. The Financial Conduct Authority has approved RNS as a Primary Information Provider in the United Kingdom (TADAWUL:4280).
The listing on the London Stock Exchange is a notable event for investors and market watchers, as it reflects Samsung’s ongoing efforts to align its financial activities with its global market presence. The company’s presence on one of the world’s most prestigious exchanges is expected to provide investors with more streamlined access to its financial instruments.
This information is based on a press release statement, offering investors a factual update on Samsung’s latest financial market activities without promotional embellishment.
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