Samsung Electronics Completes Planned Share Buybacks, Expected to Purchase 3 Million More Shares with Remaining 900 Billion Won

Samsung Electronics has completed purchasing its planned volume of treasury shares.

According to the Korea Exchange's corporate disclosure channel today (October 2), Samsung Electronics announced that it had purchased 53.8 million treasury shares as of the previous day.

Previously, Samsung Electronics disclosed that it would acquire 53,285,968 shares from August 24 to November 21.

As a result, the cumulative treasury share purchase rate since August has reached 100.96%, meaning it has exceeded the initial target in terms of volume.

The amount spent on share buybacks during this period stood at 14.1565 trillion won.

However, Samsung Electronics has also placed an order to buy 2 million shares today.

It is reported that Samsung Electronics plans to continue buying back treasury shares until the cumulative purchase amount reaches 15 trillion won.

Based on recent stock prices and the average purchase price, it is estimated that there is room to purchase approximately 3 million additional shares.

SK Hynix has purchased 18.35 million shares out of its declared volume of 24.07 million treasury shares since August 20.

The purchase rate is 76.24%, with the cumulative purchase amount tallied at 32.514 trillion won.

SK Hynix's daily purchase volume is about 600,000 to 650,000 shares. If it maintains this scale for the remaining period, it is estimated that the remaining 572,000 shares will be completely acquired within about 8 to 9 trading days.

Considering that the company originally stated it would complete its treasury share buybacks by November 19, the schedule is expected to be brought forward by about a month.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.