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Samsung Electronics Co. Ltd. delisted 39,191,100 preferred shares, representing 1,567,644 preferred share Depositary Receipts (DRs) at a 25:1 ratio, from the Luxembourg Stock Exchange on February 13, 2025. Concurrently, these 1,567,644 preferred share DRs were listed on the London Stock Exchange under code SMSD on the same date.
| Date | 13 Feb 2025 |
| Time | 09:12:57 |
| Category | Corporate updates |
| ID | 0168X |
Delisting of Stocks, Etc., from Overseas Stock Exchange
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1. Listing Exchange and Location |
Luxembourg Stock Exchange (Luxembourg) |
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2. Type and Number of Shares Delisted |
Common (shares) |
- |
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Other (shares) |
39,191,100 |
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3. Closing Date of Trading |
February 13, 2025 |
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4. Reasons for Delisting |
Insignificant trading volume of preferred share depositary receipts (DRs) |
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5. Future Plan |
Samsung Electronics preferred share DRs are scheduled to be listed on the London Stock Exchange following the closing date of trading. Thus, the holders of our preferred share DRs, which were previously listed on the Luxemburg Stock Exchange, may continue trading them on the London Stock Exchange. |
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6. Confirmation Date |
February 13, 2025 |
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7. Other Information to Consider
- In item 2 above, the type and number of shares to be delisted are depositary receipts (DRs) derived from the preferred shares of Samsung Electronics. The DR ratio is 25:1.
- In item 2 above, the number of shares being delisted, 39,191,100 shares (1,567,644 DRs), is as of February 10, 2025.
- Samsung Electronics was listed on the Luxembourg Stock Exchange in 1991 through the issuance of DRs representing preferred shares in order to facilitate transactions for overseas investors. The Company has now delisted the DRs on the Luxembourg Stock Exchange. However, the delisted preferred share DRs will be listed on the London Stock Exchange, so overseas investors will continue to be able to trade them. 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.
- Date of the relevant disclosure: October 31, 2024 Delisting and Listing of Stocks
※ Other Information
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Articles of Incorporation |
The above mentioned preferred share DRs were issued in accordance with Article 8 (Types of Shares and Share Certificates) |
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Share Details |
- Preferred shares ㆍNon-cumulative and non-voting ㆍAdditional dividend of 1% per annum of the face value compared to the dividend for common shares |
Listing of Stocks, Etc. on Overseas Stock Exchange
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1. Type and Number of Shares to be Listed |
Common (shares) |
- |
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Other (shares) |
39,191,100 |
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2. Listing Exchange and Location |
London Stock Exchange (United Kingdom) |
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3. Code |
SMSD |
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4. Listing Date |
February 13, 2025 |
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5. Confirmation Date |
February 13, 2025 |
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6. Other Information to Consider
- In item 1 above, the type and number of shares to be listed are depositary receipts (DRs) derived from the preferred shares of Samsung Electronics, as of February 10, 2025.
- Samsung Electronics has applied to transfer 1,567,644 preferred share DRs, previously listed on the Luxemburg Stock Exchange, to the London Stock Exchange. The London Stock Exchange, on February 13, 2025, approved the listing of the above DRs.
- Samsung Electronics has deposited the 39,191,100 underlying shares with an overseas depository bank (the actual shares are held by Korea Securities Depository, the domestic depository bank, on behalf of the overseas depository bank) and the DR ratio is 25:1. Therefore, the number of listed DRs is 1,567,644. The number of other shares mentioned above in item 1 (Type and Number of Shares to be Listed) refers to the type and number of shares underlying these preferred share DRs.
- The market price of the DRs issued by Samsung Electronics can be checked on the London Stock Exchange website (www.londonstockexchange.com).
※ Other Information
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Articles of incorporation |
The above mentioned preferred share DRs were issued in accordance with Article 8 (Types of Shares and Share Certificates) |
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Share details |
- Preferred shares - Preferred shares ㆍNon-cumulative and non-voting ㆍAdditional dividend of 1% per annum of the face value compared to the dividend for common shares |