Samsung cancels $2.11b in shares, plans $2.7b buyback

Samsung Electronics has announced the cancellation of 3.5 trillion won (US$2.11 billion) in treasury shares.

The decision was made public in a regulatory filing.

Additionally, the company plans to buy back shares worth 2.7 trillion won (US$1.9 billion) in common stock and 304 billion won (US$211 million) in preferred stock.

This buyback program is set to take place from Feb. 19 to May 16.

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03-Feb-2025 ⚖️ Samsung chief acquitted in 2015 merger case Lee Jae-yong acquitted of merger-related charges Prosecutors failed to prove allegations of fraud
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31-Jan-2025 📉 Samsung warns of declining AI chip sales from US limits Samsung predicts drop in AI chip sales for Q1 2025 Declining demand leads to weak Q1 earnings growth
31-Jan-2025 💻 Samsung, SK hynix concerned over US subsidy review Samsung, SK hynix worry over US subsidy changes Billions invested in US fabs at risk of cuts

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Recent Samsung developments

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