Delisting and Listing of Stocks

Samsung Electronics Co. Ld

31 October 2024

 

Delisting of Stocks, etc., from Overseas Stock Exchange

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD), on October 31, 2024, announced that its Board of Directors has authorized following Delisting of Stocks, etc., from Overseas Stock Exchange.

1. Type and number of shares delisted	Common	-
	Other	38,685,850
2. Listing exchange and location		Luxembourg Stock Exchange (Luxembourg)
3. Planned date of delisting application		November 6, 2024
4. Planned date of delisting		March 31, 2025
5. Reasons for delisting		Insignificant trading volume of preferred share depositary receipts
6. Date of board resolution (confirmation date)		October 31, 2024
- Attendance of independent directors at the board of directors meeting	Present	6
	Absent	0
- Attendance of auditors (audit committee members)		Present

7. Other information to consider:

- In item 1 above, the types of shares being delisted are depositary receipts (DRs) derived from

 the preferred shares of Samsung Electronics. The DR ratio is 25:1.

- In item 1 above, the number of shares being delisted, 38,685,850 (or 1,547,434 DRs), is as of

 October 25, 2024.

- The planned date of delisting (item 4) is subject to change in accordance with the approval

 timeline of the Luxembourg Stock Exchange. Samsung Electronics plans to announce the same

 when the delisting date is confirmed.

- Samsung Electronics was listed on the Luxembourg Stock Exchange in 1991 through issuance

 of DRs representing preferred shares in order to facilitate transactions for overseas investors.

 Although the DRs are being delisted in the Luxembourg Stock Exchange at this time, overseas

 investors will continue to be able to trade the preferred share DRs as they will be listed on the

 London Stock Exchange. Furthermore, the holders of preferred share DRs can freely exchange

 their DRs for the underlying preferred shares if they so wish, in accordance with the previous

 terms.

8. Reference:

- The DRs are based on preferred shared issued pursuant to Title Ⅷ of the Articles of

 Incorporation of Samsung Electronics.

- The portion of profit for preferred shares are non-cumulative and the dividend rate for preferred

 shares is 1% more than that for common shares on an annual basis. The preferred shares are

 non-voting.

Listing of Stocks, etc. on Overseas Stock Exchange

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD), on October 31, 2024, announced that its Board of Directors has authorized following Listing of Stocks, etc., from Overseas Stock Exchange.

1. Types and number of shares to be listed	Common	-
	Other	38,685,850
- Total number of issued shares	Common	-
	Other	822,886,700
2. Public offering method	Primary	-
	Secondary	-
3. Purpose of financing (primary offering)		-
4. Total number of securities to be listed	Underlying stock	-
	DRs	1,547,434
5. Listing exchange and location		London Stock Exchange (United Kingdom)
6. Purpose of listing		Transfer the DRs representing preferred stock from the Luxembourg Stock Exchange to the London Stock Exchange
7. Planned date of listing		March 31, 2025
8. Date of board resolution (decision date)		October 31, 2024
- Attendance of independent directors at the board of directors meeting	Present	6
	Absent	0
- Attendance of auditors (audit committee members)		Present

9. Other information to consider:

- In item 1 above, the types and numbers of shares to be listed are depositary receipts (DRs) derived

 from the preferred shares of Samsung Electronics as of October 25, 2024.

- In item 1 above, the number of shares to be listed refers to the total number of preferred stocks

 issued by the Company, deducting the number of profit redemption by board resolutions (as of

 October 25, 2024).

- In relation to items 2 and 3 above, the listing of preferred stock DRs on the London Stock

 Exchange is a transfer of the existing preferred stock DRs that are listed on the Luxembourg Stock

 Exchange. Therefore, there is no public offering and public sale of securities and no financing.

- The number of DRs to be listed (item 4) is derived from the number of underlying preferred shares

 (i.e., 38,685,850) with DR ratio of 25:1.

- The planned date of listing (item 7) may change pursuant to the approval timeline of the London

 Stock Exchange, and it will be announced once the date is confirmed.

10. Reference:

- The DRs are based on preferred shared issued pursuant to Title Ⅷ of the Articles of

 Incorporation of Samsung Electronics.

- The portion of profit for preferred shares are non-cumulative and the dividend rate for preferred

 shares is 1% more than that for common shares on an annual basis. The preferred shares are

 non-voting.

 

END