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Samsung Electronics SMSN Merger between Samsung Electronics and SEHF Korea

  Samsung Electronics (SMSN) - Merger between Samsung Electronics and SEHF
  Korea

RNS Number : 2216O
Samsung Electronics Co. Ld
09 October 2012






              Merger between Samsung Electronics and SEHF Korea

On September 13, 2012, the BOD  of Samsung Electronics announced its  decision 
to seek a  merger between Samsung  Electronics and SEHF  Korea, the  company's 
subsidiary. The purpose is to enhance manufacturing competitiveness of Samsung
Electronics'  handset  business  by   securing  technological  competence   in 
components including camera modules and  touch screen panels, thereby  raising 
shareholder value.

□ Details of the Merger

 1. Method of merger:

 SEHF Korea will be merged into  Samsung Electronics at a merger ratio  of 
1:0

2. Major Schedule:

- Contract signing date: September 26, 2012

 - Date of merger notification:October 10, 2012

 - Book closing period to determine shareholders entitled to exercise  the 
right to dissent:

October 10~25, 2012

 - Samsung Electronics BOD Meeting to approve the merger: October 26, 2012

※Since the merger will be  pursued in the form  of a small-scale merger,  the 
BOD approval

will substitute a Shareholder's Meeting as stipulated in Article 527-3 of the
Commercial

Law. If  a  shareholder  owning  more than  20%  of  the  surviving  entity's 
outstanding share

sends a written  notice of dissent  within two  weeks after the  date of  the 
merger notification,

the merger cannot proceed as a  small-scale merger and will immediately  loses 
its effect. 

- Date of merger: December 1, 2012



             Book Closing/Record Date for Merger with SEHF Korea



As noted above, the details  of the book closing  for determining the list  of 
shareholders entitled to exercise the right to dissent is as follows:



- Record date: October 9, 2012

- Book closing period: October 10~25, 2012

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCUGGPGUUPPUGB -0- Oct/09/2012 06:00 GMT