18th Apr 2006 07:00
Samsung Electronics Co. Ld14 April 2006 Share Buyback On April 14, 2006, the BOD of Samsung Electronics authorized a share buyback. • Details 1. The number of shares to be repurchased is as follows: • 2,600,000 common shares • 400,000 preferred shares 2. The expected buyback amount is about KRW 1.66 trillion for common shares and KRW 199.4 billion for preferred shares. * The actual buyback amount is subject to change, based on the price at the time of the repurchase. 3. Buyback period: April 18, 2006 to July 17, 2006 4. The planned buyback aims to stabilize stock prices. 5. Samsung Electronics will buy back shares through Samsung Securities, Daehan Investment & Securities, Korea Investment & Securities, Prudential Investment & Securities, and Mirae Asset Securities. 6. Samsung Electronics will finance the buyback with cash on hand. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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