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Samsung Electronics decides to cancel 14.6 trillion won of treasury shares, effective April 2

Samsung Electronics will cancel all treasury shares it acquired last year next month, in a move valued at about 14.6 trillion won at market prices. The company filed on March 31 that it will cancel 73,359,314 common shares and 13,603,461 preferred shares on April 2. The planned cancellation amount is 534,553,800,000 won at par value. The shares were bought under two board resolutions to boost shareholder value.