0001193125-24-182605.txt : 20240723 0001193125-24-182605.hdr.sgml : 20240723 20240723082526 ACCESSION NUMBER: 0001193125-24-182605 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240723 FILED AS OF DATE: 20240723 DATE AS OF CHANGE: 20240723 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KB Financial Group Inc. CENTRAL INDEX KEY: 0001445930 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: M5 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53445 FILM NUMBER: 241133006 BUSINESS ADDRESS: STREET 1: 141, UISADANG-DAERO STREET 2: YEONGDEUNGPO-GU CITY: SEOUL STATE: M5 ZIP: 07332 BUSINESS PHONE: 822-2073-2845 MAIL ADDRESS: STREET 1: 141, UISADANG-DAERO STREET 2: YEONGDEUNGPO-GU CITY: SEOUL STATE: M5 ZIP: 07332 6-K 1 d868910d6k.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 July 2024

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 ☐

 

 

 


Resolution to Enter into a Trust Agreement for the Acquisition of Treasury Shares

On July 23, 2024, the board of directors of KB Financial Group Inc. (“KB Financial Group”) resolved to enter into a trust agreement with Samsung Securities Co., Ltd. to acquire treasury shares within the profits available for dividends. The details are as follows:

 

Total Contract Amount    KRW 400,000,000,000
Contract Period    From    August 26, 2024
   To    March 4, 2025
Purpose of Acquisition    To increase shareholder return and corporate value
Contracting Party    Samsung Securities Co., Ltd.
Expected Date of Agreement    August 26, 2024
Number of Treasury Shares owned as of
July 23, 2024
   29,245,382 shares (7.25%)
Date of Resolution by the Board of Directors    July 23, 2024

LOGO Limitation on the acquisition amount of treasury shares as of July 23, 2024: 

(Unit: KRW)

 

Items

   Amount  

1.  Upper limit of profits available for dividends as of the end of the previous fiscal year in accordance with the Korean Commercial Code

     3,042,178,048,322  

2.  Amount of treasury shares acquired since the end of the previous fiscal year

     319,999,980,300  

3.  Dividends and related earnings surplus reserves resolved at the annual general shareholders’ meeting held after the end of the previous fiscal year

     587,005,652,250  

4.  Quarterly/interim dividends and related earnings surplus reserves resolved at the meeting of the board of directors after the end of the previous fiscal year

     600,085,999,590  

5.  Contract amount for the trust agreement

     —   

6.  Acquisition cost of the treasury shares if disposed after the end of the previous fiscal year (based on the moving average method applied to the acquisition cost)

     —   

Limitation on the acquisition amount of treasury shares (1-2-3-4-5+6)

     1,535,086,416,182  


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: July 23, 2024     By:  

/s/ Jae Kwan Kim

    (Signature)
    Name: Jae Kwan Kim
    Title: Senior Executive Vice President and Chief Finance Officer
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