18th Feb 2025 09:57
Decision on Cancellation of Shares
1. Number of shares to be cancelled | Common (shares) | 50,144,628 |
Other (shares) | 6,912,036 | |
2. Total number of issued shares | Common (shares) | 5,969,782,550 |
Other (shares) | 822,886,700 | |
3. Price per share (KRW) | 100 | |
4. Planned cancellation amount (KRW) | 3,048,696,999,300 | |
5. Acquisition method of stocks to be cancelled | Repurchased treasury shares | |
6. Cancellation date | February 20, 2025 | |
7. Date of board resolution (confirmation date) | February 18, 2025 | |
- Attendance of Independent Directors at the Board of Directors meeting | Present | 6 |
Absent | 0 | |
- Attendance of auditors who are not Independent Directors | 0 | |
8. Other Information to Consider
-The decision on cancellation of shares is regarding treasury shares acquired in accordance with the Board resolution on November 15, 2024.
- 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.
-In the item 6 above, the cancellation date is subject to change depending on discussions with relevant organizations
-In item 7 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.
Related Shares:
Samsung El.gdsSamsung El.gdr