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Renewal of Property and Casualty Insurance

27th Jul 2017 08:17

RNS Number : 2687M
Samsung Electronics Co. Ld
27 July 2017
 

 

Renewal of Property & Casualty Insurance Policy

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") announced today

that its Board of Directors has approved the renewal of the property and casualty insurance policy

from Samsung Fire & Marine Insurance Co., Ltd., which was set to expire on July 31, 2017.

 

▫ Details

 

1. Effective Date : August 1, 2017

 

2. Insurance Premium: KRW 56.057 billion

 

3. Coverage Period: August 1, 2017 ~ July 31, 2018 (1 year)

 

4. Purpose: To insure against any damage or loss from fire or other accidents at SEC's

business sites located in Korea.

 

This public disclosure is in accordance with the Korean Fair Trade Act, which

 mandates that a purchaser of an insurance policy disclose the purchase of the policy

 in the event the transaction is worth more than KRW 5 billion 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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