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 January, 2021
Commission File Number: 1-13368
POSCO
(Translation of registrant’s name into English)
POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, 06194
(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.
(Material Management Matters of Subsidiary Company)
Capital Increase of POSCO CHEMICAL
On January 20, 2021, the Board of Directors(“BoD”) of POSCO CHEMICAL, resolved capital increase with consideration. The detailed information is provided as below.
| 1. Class and Number of New Shares |
Common Stock(shr.) | 16,475,000 | ||||
|
Different Classes of Stock(shr.) |
— | |||||
| 2. Par value of Share (KRW) |
500 | |||||
| 3. No. of outstanding Shares before Increase of Capital Stock |
Common Stock(shr.) | 60,988,220 | ||||
| 4. Use of Funds Raised |
For Facilities Investment(KRW) | 687,800,000,000 | ||||
|
For Operating Capital (KRW) |
|
441,017,500,000 |
| |||
|
For Acquisition of Securities of Other Corporation(KRW) |
|
144,700,000,000 |
| |||
| 5. Method of Capital Increase |
|
Public Offering of Forfeited Shares after Offering to Shareholders |
| |||
[Rights Offering]
| 6. Issuing Price of New Shares |
Final Issuing Price |
Common Stock(KRW) |
77,300 | |||||||||
|
Preliminary |
Common Stock(KRW) |
— | Expected Date of finalization |
January 8, 2021 | ||||||||
| 7. Record Date of Distribution |
December 9, 2020 | |||||||||||
| 8. Number of New Shares per Outstanding Share |
0.2382583062 | |||||||||||
| 9. Ratio of Prior Offering per Share for Member of Employee Shares Ownership Association(%) |
11.8 | |||||||||||
| 10. Expected Date of Subscription |
Employee Shares Ownership Association |
From | January 13, 2021 | |||||||||
|
To |
January 13, 2021 | |||||||||||
| Shareholder |
From |
January 13, 2021 | ||||||||||
|
To |
January 14, 2021 | |||||||||||
| 11. Date for Payment of Subscription money |
January 21, 2021 | |||||||||||
| 12. Managing Underwriter (in case of Indirect Offering) |
- Korea Investment & Securities Co., Ltd.
- NH Investment & Securities Co.,Ltd.
- KB Securities Co., Ltd. | |||
| 13. Transfer of Warrants |
Yes | |||
| 14. Date of Board Resolution(Decision Date) |
January 20, 2021 | |||
| - Attendance of Outside Directors |
Present(No.) | 2 | ||
|
Absent(No.) |
0 | |||
| - Attendance of Auditors(members of Audit Committee) |
Absent | |||
| 15. Subject to Filing of Securities Registration Statement |
Yes | |||
| 16. Subject to reporting to the Korean Fair Trade Commission |
Yes | |||
[Details Of Subsidiary Company]
| Name of Subsidiary Company |
POSCO CHEMICAL CO., LTD. | |
| - Representative |
Min, Kyungzoon | |
| - Main Business |
Refractory production and industrial furnace repairment | |
| - Major Subsidiary Company |
No | |
| Total Asset of Subsidiary Company(KRW) |
1,730,132,565,095 | |
| Consolidated Total Asset of Dominant Company(KRW) |
79,058,661,130,791 | |
| Ratio to Consolidated Total Asset of Dominant Company(%) |
2.19 | |
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.
| POSCO | ||||||
| (Registrant) | ||||||
| Date: January 25, 2021 | By | /s/ Chung, Kyung-Jin | ||||
| (Signature) | ||||||
| Name: | Chung, Kyung-Jin | |||||
| Title: | Senior Vice President | |||||