Merger between Samsung Electronics and Samsung LED

On December 26, 2011, the Board of Directors of Samsung Electronics announced its decision to seek a merger with Samsung LED, Ltd. The purpose is to nurture the LED business as Samsung Electronics’ future growth engine by utilizing its advanced technology, manufacturing competency, and global sales network, thereby raising shareholder value.
The merger deal is expected to be signed on January 20, 2012 and then go into effect from April 1, 2012 after receiving approval at Samsung Electronics’ and Samsung LED’s Board of Directors meetings.

□ Details of the Merger
1. Method of merger:
Samsung LED, Ltd. will be merged into Samsung Electronics by way of small-scale merger
2. Merger Ratio:
Samsung Electronics: Samsung LED = 1: 0.0134934
(0.0134934 Samsung Electronics share in exchange for each Samsung LED share)
3. Method of Payment:
Payment in the form of Samsung Electronics’ treasury shares (269,867 common treasury shares in total)
* As Samsung LED is an unlisted company, the merger ratio was calculated as stipulated in Article 176-5, Section 1 Paragraph 2 of the Financial Investment Services and Capital Markets Act and was reviewed by the accounting firm Samjong KPMG.
4. Upcoming schedule:
- Contract signing date: January 20, 2012
- Book closing period to determine shareholders entitled to exercise the right to dissent:
February 2~ 7, 2012
- Samsung Electronics BOD Meeting to approve the merger: February 20, 2012
- Merger date: April 1, 2012
- Issue of new share certificates: April 6, 2012
* Since the shares to be provided account for less than 5% of the total outstanding shares,
the BOD approval will substitute a Shareholder’s Meeting as stipulated in Article 527-3,
of the Commercial Law.


Welcome to Samsung

Sign up & get 10% off

Sign up and get 10% off your first order of $100 or more! Shop Samsung.com to find the best tech at the best prices and recieve news on our latest technology and exclusive offers.*

*Exclusion apply. Order must be a minimumm of $100 or more. Offer valid only for new Samsung.com customers. Must sign up for emails by 11/12/16. Promo code must be used by 11/19.

Fast, easy checkout with Shop Samsung App
Easy sign-in, Samsung Pay, notifications, and more!
Or continue shopping on Samsung.com
×
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.
GET
×
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.
GET
×

You Are About To Be Redirected To Investor Relations Information for U.S.

Thank you for visiting Samsung U.S. Investor Relations. You will be redirected via a new browser window to the Samsung Global website for U.S. investor relations information.
CANCEL
CONTINUE