Samsung Electronics Chair Lee Jae-yong will buy about 1.9 trillion won worth of Samsung Electronics shares held by his mother, former Leeum Museum of Art Director Hong Ra-hee, in an off-exchange purchase.
According to the Financial Supervisory Service's electronic disclosure system on the 9th, Lee plans to buy 7,188,793 common shares of Samsung Electronics held by former Director Hong on Oct. 12 in an off-exchange purchase. The purpose of the transaction is "acquiring shares from a related party."
The planned transaction price is 269,500 won per share, calculated based on the closing price on the 8th, the business day before the report was filed. Based on that, the transaction amount is about 1.9374 trillion won.
Lee currently holds 97,551,953 Samsung Electronics shares, for an equity stake of 1.47%. If the transaction proceeds as planned, his holdings will increase to 104,747,46 shares, and his equity stake will rise by 0.11 percentage point to 1.58%.
This transaction corresponds to 0.11% of the total number of Samsung Electronics shares outstanding.
However, the disclosed transaction quantity and price are planned figures. Under applicable rules, the actual transaction amount may vary within 70% to 130% of the planned amount.