To increase shareholder value, Samsung Electronics announced today that it intends to repurchase KRW 10 trillion worth of company stock. Today, the Board of Directors of the Company approved the share repurchase program, which will be implemented in stages over the course of the upcoming year.
All shares will be cancelled and KRW 3 trillion worth of stock will be repurchased over the course of the following three months. Between November 18 and February 17, 2025, 50.14 million common shares and 6.91 million preference shares will be repurchased.
The Board will determine how to increase shareholder value, including when and how to use the treasury shares, and will authorize the remaining KRW 7 trillion in the repurchase program.
Samsung will keep improving long-term value creation and is dedicated to providing sustainable shareholder value, BrandSpur news brand reports.
