6-K 1 d834450d6k.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

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of December 2019

Commission File Number: 000-53445

 

 

KB Financial Group Inc.

(Translation of registrant’s name into English)

 

 

26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul 07331, 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):  ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

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):  ☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

 

 


Resolution for Cancellation of Treasury Shares

On December 6, 2019, the board of directors of KB Financial Group Inc. (“KB Financial Group”) resolved to cancel 2,303,617 shares of its common stock held as treasury shares. The details are as follows:

 

Type and Number of Shares to be Cancelled    Common Shares    2,303,617 shares
   Other Shares    -
Total Number of Shares Issued    Common Shares    418,111,537 shares
   Other Shares    -
Par Value per Share    KRW 5,000
Amount of Shares to be Cancelled    KRW 100,000,013,970
Method of Acquisition of Shares to be Cancelled    Existing treasury shares held by KB Financial Group
Scheduled Date of Cancellation    December 12, 2019
Obligation to Report to the Korea Fair Trade Commission    Not applicable
Other Material Information for an Investment Decision   

•  Legal basis for the cancellation of treasury shares: Article 343, Paragraph (1) of the Commercial Code of Korea.

 

•  The cancellation of these shares constitutes the cancellation of treasury shares acquired pursuant to a resolution of the board of directors within the limits of profits available for dividends, and as such, there will be no reduction in the paid-in capital of KB Financial Group.

 

•  The amount of shares to be cancelled is calculated based on the book value of the treasury shares as of December 6, 2019, the date of the resolution of the board of directors.

 

•  The scheduled date of cancellation is subject to change based on discussions with the relevant authorities.


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.

 

   

KB Financial Group Inc.

    (Registrant)
Date: December 6, 2019     By:  

/s/ Ki-Hwan Kim

      (Signature)
    Name:   Ki-Hwan Kim
    Title:   Deputy President and Chief Finance Officer