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Samsung Electronics to Repurchase Treasury Stocks

16:43 January 24, 2017 replay time00:43

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As a part of its policy on shareholder returns, Samsung Electronics will repurchase treasury stocks worth a total of 9.3 trillion won this year.

This value is the sum of the 8.5 trillion won left after paying out the dividends last year and the 800 billion won remainder from 2015. The repurchase will take place over three to four transactions, and all of the repurchased stocks will be retired.

To this end, Samsung Electronics held a board meeting today (24th) and has agreed to repurchase and retire the first batch of treasury bonds.

Samsung Electronics revealed that the first repurchase will begin on the 25th, and will be completed in three months. It plans to repurchase and retire 1.02 million ordinary shares and 255,000 preferred shares.

Yonhap News TV: 02-398-4441 (Inquiry on article) 4409 (Report), KakaoTalk/LINE jebo23

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