0001193125-19-276073.txt : 20191028 0001193125-19-276073.hdr.sgml : 20191028 20191028151439 ACCESSION NUMBER: 0001193125-19-276073 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191028 FILED AS OF DATE: 20191028 DATE AS OF CHANGE: 20191028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SK TELECOM CO LTD CENTRAL INDEX KEY: 0001015650 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 999999999 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-04906 FILM NUMBER: 191172837 BUSINESS ADDRESS: STREET 1: 11, EULJIRO2-GA STREET 2: JUNG-GU CITY: SEOUL KOREA STATE: M5 ZIP: 100-999 BUSINESS PHONE: 82-2-6100-1639 MAIL ADDRESS: STREET 1: 11, EULJIRO2-GA STREET 2: JUNG-GU CITY: SEOUL STATE: M5 ZIP: 100-999 FORMER COMPANY: FORMER CONFORMED NAME: KOREA MOBILE TELECOMMUNICATIONS CORP DATE OF NAME CHANGE: 19960530 6-K 1 d819534d6k.htm FORM 6-K Form 6-K

 

 

UNITED STATES

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 OCTOBER 2019

Commission File Number: 333-04906

 

 

SK Telecom Co., Ltd.

(Translation of registrant’s name into English)

 

 

65 Euljiro, Jung-gu

Seoul 04539, Korea

(Address of principal executive office)

 

 

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  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

 

 

 

Decision on Disposal of Treasury Shares

On October 28, 2019, in order to pursue a strategic alliance with Kakao Corp. (“Kakao”), the board of directors of SK Telecom Co., Ltd. (the “Company”) approved the Company’s entry into a certain share purchase agreement with Kakao, pursuant to which the Company will acquire newly-issued common shares of Kakao, and Kakao will acquire treasury shares of the Company at Won 236,851 per share (in the aggregate amount of approximately Won 300 billion).

 

1. Number of Treasury Shares to be Disposed    Common shares    1,266,620
   Preferred shares    —  
2. Price of the Treasury Shares to be Disposed (Won)    Common shares    236,851
   Preferred shares    —  
3. Estimated Aggregate Disposal Value (Won)    Common shares    300,000,213,620
   Preferred shares    —  
4. Disposal Period    From    November 5, 2019
   To    November 5, 2019
5. Purpose of Disposal    In accordance with Article 342 of the Korean Commercial Code, the Company plans to dispose a portion of its treasury shares to Kakao in order to strengthen collaboration with Kakao through a strategic alliance.
6. Method of Disposal    Over-the-counter      
7. Treasury Shares Held Before Disposal    Acquisition Pursuant to the Financial Investment Services and Capital Markets Act of Korea   

Common

shares

    8,875,883    Percentage of shares (%)    10.99
  

Preferred

shares

    —    Percentage of shares (%)    —  
   Other Acquisition   

Common

shares

    —    Percentage of shares (%)    —  
  

 

Preferred

shares

   

 

—

   

 

Percentage of shares (%)

   

 

—  

8. Date of Resolution by the Board of Directors    October 28, 2019

•  Attendance of Outside Directors

    Present: 5; Absent: 0

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.

 

SK TELECOM CO., LTD.
(Registrant)

By: /s/ Jung Hwan Choi

(Signature)
Name:   Jung Hwan Choi
Title:   Senior Vice President

Date: October 28, 2019

 

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