Samsung E&A to Buy Back Shares Worth 780 Billion Won

MT Newswires Live10-22 10:44

Samsung E&A's (KRX:028050) board has approved the repurchase of 16.4 million shares for nearly 780 billion won, based on the previous day's closing price of 47,700 won per share.

The buyback will run from Oct. 23, 2026 to Jan. 22, 2027 through on-exchange purchases via Samsung Securities, NH Investment & Securities, and Shinhan Securities, with a daily order limit of 1.63 million shares.

Of the total, 90 billion won is earmarked for employee bonus payments, while the remaining 690 billion won will be used to enhance shareholder value, with those shares to be retired after acquisition, according to a bourse filing on Thursday.

The company has 1.97 trillion won in available distributable profit to fund the program.

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