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Samsung Electronics Co. Ld announced a decision to cancel repurchased treasury shares, approved by a board resolution on March 30, 2026, with 5 independent directors present. The cancellation involves 73,359,314 common shares and 13,603,461 preferred shares, representing an estimated retirement amount of KRW 5,345,538,035,503, with a scheduled retirement date of April 2, 2026.
| Date | 31 Mar 2026 |
| Time | 08:32:26 |
| Category | Miscellaneous |
| ID | 8278Y |
Decision on Cancellation of Shares
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1. Class and number of shares to be retired |
Common |
73,359,314 |
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Other |
13,603,461 |
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2. Total number of shares issued |
Common |
5,919,637,922 |
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Other |
815,974,664 |
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3. Par value per share(KRW) |
100 |
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4. Estimated amount of retirement(KRW) |
5,345,538,035,503 |
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5. Scheduled period of share buyback for retirement |
Start date |
- |
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End date |
- |
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6. Acquisition method of shares to be retired |
Repurchased treasury shares |
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7. Scheduled retirement date |
2026-04-02 |
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8. Securities firms entrusted with share buyback |
- |
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9. Date of board resolution (confirmation date) |
2026-03-30 |
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- Attendance of Independent Directors |
Present |
5 |
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Absent |
0 |
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- Attendance of Auditors (Audit Committee members who are not Independent Directors) |
- |
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10. Subject to reporting to the Fair Trade Commission |
Not applicable |
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11. Other matters to be factored into investment decisions |
-The decision on the cancellation of shares is regarding treasury shares acquired in accordance with the Board resolution on February 18, 2025 and July 8 2025.
- The decision on the cancellation of shares is related to the Treasury Share Holding and Disposal Plan approved at the 57th Annual General Meeting of Shareholders; and the Company will cancel all treasury shares currently held for the purpose of cancellation.
- The cancellation of shares repurchased within the range of distributable profits is carried out by a Board resolution. This results in a reduction in the number of shares without a decrease in capital.
-Legal basis for cancellation: Article 343, under the provision of Paragraph 1 of the Commercial Act
-In item 1 above, the shares denoted as "other" are preferred shares
-In item 4 above, the planned cancellation amount is calculated by multiplying the average repurchase price of shares subject to cancellation by the number of shares to be cancelled, and the amount is based on the book value as of the Board resolution date for the stock cancellation.
※ The calculated amount of KRW 14,580,626,185,300 is based on the closing prices on the date of the Board resolution (March 30)-KRW 176,300 per common share and KRW 121,100 per preferred share.
-In the item 7 above, the cancellation date is subject to change depending on discussions with relevant organizations
-In item 9 above, all Audit Committee members are Independent Directors.
-This cancellation refers to the cancellation of previously purchased treasury shares, therefore, this disclosure is a substitute for the disclosure of treasury stock disposal.