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Charitable Contribution

31st Jan 2019 08:05

RNS Number : 6534O
Samsung Electronics Co. Ld
31 January 2019
 

Charitable Contribution

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") on January 31, 2019 announced that its Board of Directors has authorized the following contribution and management plans for the Social Contribution Matching Fund for 2019.

 

Management plans for the Social Contribution Matching Fund for 2019

- The Social Contribution Fund consists of voluntary contributions by employees and matching funds

by SEC. SEC plans to contribute KRW 11.73 billion in 2019 to match the funds raised by employees.

 

- SEC's contributions will be spent on sponsoring domestic and overseas voluntary programs as well as

supporting local social contribution activities.

 

 

Contribution to Samsung Dream Scholarship Foundation

- SEC will contribute KRW 1.12 billion to the scholarship foundation to provide more educational

opportunities to high school students from low-income families who have a strong desire to learn.

 

 

Other information

- The Board of Directors approved this action at the meeting held on January 31, 2019.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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