Decision on Share Repurchase Plan

Samsung Electronics Co. Ld

18 November 2024

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD), on November 15, 2024, announced that its Board of Directors authorized the following Share Repurchase Plan and Decision on Share Repurchase.

Share Repurchase Plan

1. Title	Share Repurchase Plan
2. Contents	- Total amount : 10 trillion Korean won - Method : Installment purchase within a year - Purpose : To increase shareholders value, etc.
3. Information Release	- Provider : IR Team - Recipients : Investors, media, etc - Date of release : November 15, 2024
4. Contact Point	IR Team (Phone: [phone])

Decision on Share Repurchase

1. Number of shares to be repurchased	Common	50,144,628
	Other	6,912,036
2. Value of shares to be repurchased(Korean won)	Common	2,682,737,598,000
	Other	317,262,452,400
3. Expected Period	Start date	November 18, 2024
	End date	February 17, 2025
4. Purpose of repurchase		To increase shareholders value, etc.
5. Method of repurchase		Open market
6. Consignment investment brokers		Samsung Securities Co., Ltd. Korea Investment & Securities Co, Ltd. Mirae Asset Securities Co., Ltd. Shinhan Securities Co., Ltd. KB Securities Co., Ltd.
7. Date of board resolution (confirmation date)		November 15, 2024
- Attendance of independent directors at the board of directors meeting	Present	6
	Absent	0
- Attendance of auditors who are not  Independent Directors		0
8. Daily order quantity limit	Common	6,525,123
	Other	691,203

9. Other Information to Consider:

- Shares denoted as Other are preferred shares.

- In Item 2 above, the value of shares to be repurchased is based on the closing price on the

 day of the board resolution (November 15, 2024). The actual amount may change

 depending on future stock price fluctuations.

 ※ KRW 53,500 per common share and KRW 45,900 per preferred share

- In Items 4 and 5 above, all repurchased shares are planned to be cancelled.

- In Item 7 above, all Audit Committee members are Independent Directors.

- The calculation method for Item 8 above is the smaller of: [③] and [the larger of ① and ②].

 ① 10% of the number of shares to be repurchased: 5,014,462 common; 691,203 preferred

 ② 25% of average daily transaction volume for one month ending the day before the date of the

board resolution: 6,525,123 common; 406,507 preferred

 ③ 1% of total number of issued shares: 59,697,825 common; 8,228,867 preferred

- No shares were repurchased prior to the decision to repurchase shares.

- Limit on the amount of repurchased shares (Korean won)

1. Limits to Dividendable profit under Commercial Act as of end-2023	215,847,546,502,476
2. Amount of repurchased shares since end-2023	0
3. Amount of dividends on profits and reserves for related profits decided at a general meeting of shareholders since end-2023	2,452,976,485,950
4. The interim dividend amount and related profit reserves decided by the board of directors since end-2023	7,356,460,797,750
Limit on the amount of repurchased shares (1-2-3-4)	206,038,109,218,776

 

END