Lee Jae-yong's Samsung C&T stake increases by 13,262 shares to 38.07%... pledged shares drop from 15.74% to 5.85%
Lee Jae-yong's stake in Samsung C&T increased by 13,262 shares (0.01%p) from 38.06% to 38.07% via net purchases in Samsung Life Insurance's customer account
Shares under major contracts (pledges, deposits) dropped sharply from 25,524,557 (15.74%) to 9,485,587 (5.85%), a reduction of about 16.04 million shares
The reduction was due to the release of tax payment deposits by Lee Jae-yong (11,638,520 and 1,000,000 shares) and Lee Boo-jin (2,864,499 and 535,951 shares)
The lower pledge burden increases the family's voting flexibility while maintaining management control intent