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Samsung Electronics Chairman Lee to Purchase KRW1.937 Trillion Worth of Company Shares from Mother Hong Ra-hee

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Samsung Electronics (KRX:005930) Chairman Lee Jae-yong plans to purchase 7,188,793 shares at 269,500 won each from mother Hong Ra-hee, bringing the total purchase price of the shares acquisition to 1.937 trillion won, according to a company filing on Wednesday.

The figure 269,500 won is based on the closing price on the business day prior to the report submission date, which was Tuesday, Sept. 8.

The transaction is expected to take place on Oct. 12, the filing said.

Shares of Samsung Electronics fell over 1% in recent trade.

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