SEOUL - Samsung Electronics Co (F:SAMEq)., Ltd. (KS005930, KS005935, SMSN, SMSD), a leading technology company, has announced that it will delist its Global Depositary Receipts (GDRs) from the Luxembourg Stock Exchange (LuxSE). The GDRs, which currently trade under the ISIN US7960502018, will be removed from the LuxSE's official list and its regulated market.
The company has received approval from the LuxSE for the withdrawal and is planning to transition the GDRs to the UK Financial Conduct Authority's Official List. They are also seeking admission to trading on the Main Market of the London Stock Exchange (LON:LSEG). This move is expected to be completed by the trading day immediately preceding the first day of trading on the London Stock Exchange's Main Market.
The delisting from the LuxSE will take effect no later than March 31, 2025. However, if the admission to the London Stock Exchange occurs before this date, Samsung (KS:005930) will announce the precise date of the delisting from the LuxSE.
The GDRs represent ownership in a number of shares of a foreign company and are typically held by investors as a way to invest in overseas companies. The transition of Samsung's GDRs to the London Stock Exchange reflects a strategic decision by the company to realign its trading venues.
Investors and stakeholders who require further information regarding this transition have been advised to contact Samsung's investor relations team directly.
This move comes as part of Samsung's ongoing efforts to optimize its financial and capital market strategies. The company's decision to delist from the LuxSE and list on the London Stock Exchange is based on a press release statement and reflects a shift in its approach to engaging with global investors.
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