Samsung Electronics Incineration of 14.58 trillion won worth of treasury stocks..."Purpose to enhance shareholder value"

*This content was translated by AI.

Samsung Electronics will burn about 14.5 trillion won worth of treasury stocks acquired last year. The move is aimed at increasing shareholder value by burning treasury stocks.

Samsung Electronics announced in a public announcement on the 31st that it has decided to retire 73,359,314 common shares and 13.603,461 preferred shares.

The value per share is 100 won, and the estimated amount of incineration is about 14.58 trillion won. The scheduled date of incineration is the 2nd of next month.

Samsung Electronics said, "This decision to incinerate shares is about treasury stocks acquired by the board of directors on February 18, 2025 and July 8, 2025 for the purpose of enhancing shareholder value," adding, "By incinerating treasury stocks acquired within the range of dividendable profits by the board of directors' resolution, there is no reduction in the number of shares and no reduction in capital."

As of the end of last year, Samsung Electronics said it would retire about 87 million of its 1543 million treasury stocks in the first half of this year.

Samsung Electronics is planning to continue to increase shareholder value even after retirement in the first half of the year.

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*This content was translated by AI.