Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
08 2월 2024 - 8:16PM
Edgar (US Regulatory)
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 February 2024
Commission File Number 1-14926
KT Corporation
(Translation of registrants 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 ☒ Form 40-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.
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Dated: February 8, 2024 |
KT Corporation |
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By: |
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/s/ Youngkyoon Yun |
Name: |
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Youngkyoon Yun |
Title: |
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Vice President |
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By: |
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/s/ Sanghyun Cho |
Name: |
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Sanghyun Cho |
Title: |
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Director |
Decision to Acquire Treasury Shares
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1. Estimated number of shares to be acquired |
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715,985 common shares |
2. Estimated total amount of acquisition (KRW) |
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27,100,032,250 |
3. Period of acquisition |
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From February 8, 2024 to May 7, 2024 |
4. Expected holding period |
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- |
5. Purpose of acquisition |
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Acquisition and retirement of treasury shares to enhance shareholder value |
6. Method of acquisition |
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On-exchange acquisition |
7. Intermediary agent |
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Shinhan Securities Co.,Ltd. |
8. Number of treasury shares before acquisition |
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11,447,338 (4.44% of total outstanding shares) |
9. Date of resolution |
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February 7, 2024 |
-Attendance of outside directors |
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Present (No.) |
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8 |
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Absent (No.) |
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0 |
10. Limit of share purchase per day (shares) |
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168,424 |
11. Additional Details Relevant to Investment Consideration |
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- KRW 27.1 billion of treasury stocks are to
be acquired and fully retired, to enhance shareholder value aligning with the mid-term shareholder return policy.
Mid-term shareholder return policy: From FY2023 to FY2025, 50% of the adjusted standalone basis net profit will be distributed as cash dividends (at least at the level of
dividends per share for the FY2022) and share buyback/retirements - Item 1 above is
calculated based on Item 2 above and the closing price (KRW 37,850) of the Companys shares on the February 6, 2024, which is the day before the resolution by the Board of Directors. The number of shares to be acquired and total amount of
acquisition may change pursuant to changes in the Companys share price. - Item
2 above is based on the acquisition amount resolved by the Board of Directors on the current day.
- Regarding Items 4 and 5, all acquired treasury stocks will be fully retired after acquisition. |
KT (NYSE:KT)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
KT (NYSE:KT)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024