KT : Result of Acquisition of Treasury Shares - Form 6-K
March 15, 2024 at 07:06 am EDT
Share
6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2024
Commission File Number 1-14926
KT Corporation
(Translation of registrant's name into English)
90, Buljeong-ro,
Bundang-gu,Seongnam-si,
Gyeonggi-do,
Korea
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☑ Form40-F ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: March 15, 2024
KT Corporation
By:
/s/ Youngkyoon Yun
Name:
Youngkyoon Yun
Title:
Vice President
By:
/s/ Sanghyun Cho
Name
: Sanghyun Cho
Title:
Director
Result of Acquisition of Treasury Shares
1.
Submission Date of Related Report : February 8, 2024 (Title : Decision to Acquire Treasury Shares)
2.
Period of Acquisition : From February 15, 2024 to March 13, 2024
ø The period mentioned above is based on transaction date. The completion of treasury share acquisition (the final settlement date of the transaction) is March 15, 2024.
3.
Result of Acquisition
Type of Share
Total Number of Shares
Average Price Per
Share*
Total Value of
Acquisition*
Ordered
Acquired
Common shares
735,000
695,775
KRW 38,949
KRW 27,100,060,600
*
The 'average price per share' and 'total value of acquisition' do not include brokerage fees.
4.
Confirmation of Consistency between the Planned and Actual Acquisition Details
Planned Acquisition
of Shares
Actual Acquisition
of Shares
Consistency
Common shares
Other shares
Common shares
Other shares
715,985
-
695,775
-
Inconsistent
*
*
Reason for inconsistency: The "Planned Acquisition of Shares" is the quantity determined by the closing price (KRW 37,850) of the day before the resolution (February 6, 2024) and the planned acquisition amount of KRW 27.1 billion resolved by the Board of Directors. "Actual Acquisition of Shares" is the quantity acquired through on-market purchases, resulting in the change of number of shares due to fluctuations in the stock price.
5.
Treasury Shares after Acquisition
(Unit : KRW million, Shares, %)
Type of Share
Treasury Shares Under Regulation of
Act 3 of Article 165 (A)
Treasury Shares Under a Trust
Contract of Act 3 of Article 165 (B)
Total (A+B)
Number of
Shares
%
Value
Number of
Shares
%
Value
Number of
Shares
%
Value
Common shares
12,143,113
4.71
425,175
-
-
-
12,143,113
4.71
425,175
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KT Corporation published this content on
15 March 2024 and is solely responsible for the information contained therein. Distributed by
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15 March 2024 11:05:08 UTC.
KT Corp is a Korea-based company that mainly provides telecommunication services. The Company operates its business through four segments. The Information and Communications Technologies segment is engaged in providing telecommunication services to individual, home, corporate customers and the convergence business. The Finance segment is engaged in providing financial services, such as credit card. The Satellite Broadcasting segment provides satellite television services. The Other segment includes security services, satellite service, information technology and network services, as well as global business services, which provide global network services to multinational or domestic corporate customers and telecommunications companies. The Company's principal services include mobile voice and data telecommunications services; fixed-line services; credit card processing and other financial services; as well as other services. The Company is engaged in the software platforms business.