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Renewal of Insurance Policy

29th Apr 2014 08:07

RNS Number : 7436F
Samsung Electronics Co. Ld
29 April 2014
 



 Renewal of Insurance Policy

 

On 29th April 2014, the BOD of Samsung Electronics approved renewal of the existing 'Director and Officers Liability Insurance Policy', effective May 1, 2014. Samsung Fire & Marine Insurance is named insurance coverage provider (insurer). The previous liability policy coverage was scheduled to expire on April 30, 2015

- Terms of policy premium: KRW 6.39 billion- Policy period: May 1, 2014 ~April 30, 2015

This disclosure is in accordance with the Korean Fair Trade Act, which mandates a purchaser of 

insurance policy to disclose the transaction in case the transaction is worth more than KRW 5billion

and the insurance company involved is the purchaser's financial affiliate.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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