KT : Results of Termination of Share Repurchase Agreement - Form 6-K
August 10, 2023 at 04:15 pm IST
Share
Results of Termination of Share Repurchase Agreement
On August 9, 2023, the share repurchase agreement by and between KT Corporation (the "Company") and Shinhan Securities Co.,Ltd. ("Shinhan Securities") dated February 9, 2023 (the "Agreement") was terminated.
4. Acquisitions and Dispositions of Issued Shares of the Company under the Agreement
(Unit: Won, shares, %)
For the month ended
Type
Acquisition
Disposition
Value of
Agreement
(B)
Number
(A)
Value
(A)
Ratio
(A/B)
Number
(A)
Value
(B)
Ratio
(A/B)
February 28, 2023
Common shares
1,100,000
35,185,582,450
11.73
-
-
-
300,000,000,000
March 31, 2023
Common shares
2,889,063
86,789,888,150
28.93
-
-
-
300,000,000,000
April 30, 2023
Common shares
2,400,000
73,188,455,650
24.40
-
-
-
300,000,000,000
May 31, 2023
Common shares
2,400,000
75,230,510,350
25.08
-
-
-
300,000,000,000
June 30, 2023
Common shares
966,889
29,692,032,200
9.90
-
-
-
300,000,000,000
Total
9,755,952
300,086,468,800
100
300,000,000,000
5. Ownership of Treasury Shares after Termination of Agreement
[As of August 10, 2023]
(Unit: millions of Won, shares, %)
Type
Treasury Shares Held pursuant
to Article 165-3 of the Act *
Treasury Shares Held under
Trust Contract pursuant to
Article 165-3 of the Act
Total
Number
Ratio
Aggregate
Value
Number
Ratio
Aggregate
Value
Number
Ratio(2)
Aggregate
Value
Common shares
14,698,386
5.63
498,075
-
-
-
14,698,386
5.63
498,075
Total
14,698,386
5.63
498,075
-
-
-
14,698,386
5.63
498,075
*
Includes 4,942,434 treasury shares that were already held directly by the Company and 9,755,952 common shares returned to the Company upon termination of the Agreement.
KT Corporation published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2023 10:44:06 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.