Samsung BOD Approves Fourth Phase of Share Repurchase and Third Quarter Dividend

Company Implements Share Buyback

JOHANNESBURG, South Africa –  Samsung Electronics Board of Directors (BOD) approved the fourth and final phase of the share buyback and cancellation.

The final phase commenced on November 1, 2017 and will take approximately three months to complete. The company will repurchase and cancel 712,000 common shares and 178,000 preferred shares.

Samsung announced in January that it would implement a share buyback of KRW9.3 trillion (R1 billion) in 2017. With the expected conclusion of the fourth phase, the company’s share buyback and cancellation of 2017 will be completed.

For the first three phases, Samsung has invested approximately KRW7 trillion (R759 billion). It repurchased and cancelled 1,02 million common shares and 255,000 preferred shares in the first phase; 900,000 common shares and 225,000 preferred shares in the second phase; and 670,000 common shares and 168,000 preferred shares in the third phase. In sum, 2,59 million common shares and 648,000 preferred shares have been repurchased and cancelled in the first three phases.

Quarterly Dividends

The BOD also approved the third quarter dividend of KRW7,000 (R759.50) per share for both common and preferred shares.