0001193125-14-158274.txt : 20140425 0001193125-14-158274.hdr.sgml : 20140425 20140425083200 ACCESSION NUMBER: 0001193125-14-158274 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140425 FILED AS OF DATE: 20140425 DATE AS OF CHANGE: 20140425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KT CORP CENTRAL INDEX KEY: 0000892450 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14926 FILM NUMBER: 14783100 BUSINESS ADDRESS: STREET 1: 206 JUNG TA DONG BUNN DONG GU CITY: SUNGNAM CITY KOREA STATE: M5 ZIP: 463711 BUSINESS PHONE: 82317270932 MAIL ADDRESS: STREET 1: 206 JUNG JA DONG BUNN DONG GU CITY: SUNGNAM CITY KOREA STATE: M5 ZIP: 463711 FORMER COMPANY: FORMER CONFORMED NAME: KOREA TELECOM CORP DATE OF NAME CHANGE: 19971006 FORMER COMPANY: FORMER CONFORMED NAME: KOREA TELECOM DATE OF NAME CHANGE: 19950130 6-K 1 d717566d6k.htm FORM 6-K Form 6-K

 

 

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 April 2014

Commission File Number 1-14926

 

 

KT Corporation

(Translation of registrant’s name into English)

 

 

90, Buljeong-ro,

Bundang-gu, Seongnam-si,

Gyeonggi-do,

Korea

(Address of principal executive offices)

 

 

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  x            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):  ¨

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ¨            No   x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-             

 

 

 


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.

 

Dated: April 25, 2014
KT Corporation
By:  

/s/ Youngwoo Kim

Name:   Youngwoo Kim
Title:   Vice President
By:  

/s/ Jungsup Jung

Name:   Jungsup Jung
Title:   Team Leader


Decision to Acquire Treasury Shares

 

1. Number of shares to be acquired

   Common Shares       16,418
   Other Shares          —  

2. Amount of acquisition (KRW)

   Common Shares          536,047,700
   Other Shares          —  

3. Expected period of acquisition

   Start Date          April 29, 2014
   Close Date          April 29, 2014

4. Expected holding period

   Start Date       October 30, 2014
   Close Date       October 30, 2014

5. Reason for acquisition

  

Acquisition of treasury shares due to the cancellation

of long-term incentives provided in FY2010

6. Method of acquisition

   Over the counter trading

7. Managing consignee

   Woori Investment & Securities

8. Treasury Shares before the acquisition

   Acquired within Profit available for dividends    Common Shares    16,234,788    Ratio (%)    6.2
      Other Shares    —      Ratio (%)    —  
   Others    Common Shares    —      Ratio (%)    —  
      Other Shares    —      Ratio (%)    —  

9. Date of decision for acquisition

         April 24, 2014

- Attendance of Outside Directors

   Present          8
   Absent          0

- Attendance of Auditors (Auditors who are not Outside Directors)

         Present

Additional Information to Consider in Making an Investment Decision

 

  The above amount of acquisition has been prepared based on the closing price of KT stocks on April 23, 2014 – a day before the date of resolution by board of directors - and is subject to change depending on the closing price of the day before the actual acquisition date.


[Limit on the Acquisition of Treasury Shares]

 

     Amount (unit: KRW)  

1. Limit on the profit available for dividends in accordance with Commercial Code

     6,289,492,209,281   

2. Amount of treasury shares acquisition since the end of previous fiscal period

     —     

3. Profit dividends and related legal reserve according to the resolution by the annual general shareholders’ meeting held after the end of previous fiscal period

     195,112,186,400   

4. Quarter/Interim dividend and related legal reserve according to the resolution by the board of directors after the end of previous fiscal period

     —     

5. Deposit for the trust contract

     —     

6. Acquisition cost for the treasury share disposal after the end of previous fiscal period (moving average method applied)

     52,663,835,403   

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

     6,147,043,858,284   

 

  Limit on the profit available for dividends in accordance with Commercial Code is based on financial statements of FY2013

 

  For the preparation of profit available for dividends, we have considered items that are regarded accrued revenue such as revaluation profits, valuation profits for the available for sale securities.


[Treasury Shares prior to the Decision for Acquisition]

(Unit : Share)

 

Method of Acquisition

  Types of Shares    Beginning of the      Changes      End of the  
     period      Acquisition(+)      Disposal(-)      Cancellation(-)      period  

Acquired

within

Profit

available

for

dividends

   Direct
Acquisition
   Acquisition
through market
  Common Shares      17,221,575         —           986,787         —           16,234,788   
        Other Shares      —           —           —           —           —     
      Over the
counter trading
  Common Shares      —           —           —           —           —     
        Other Shares      —           —           —           —           —     
      Public Offering   Common Shares      —           —           —           —           —     
        Other Shares      —           —           —           —           —     
          

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
      Sub-total(a)   Common Shares      17,221,575         —           986,787         —           16,234,788   
          

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
        Other Shares      —           —           —           —           —     
          

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
   Acquisition
through
Trust
   Held by the
Trustee
  Common Shares      —           —           —           —           —     
        Other Shares      —           —           —           —           —     
      Possession

in-kind

  Common Shares      —           —           —           —           —     
        Other Shares      —           —           —           —           —     
          

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
      Sub-total(b)   Common Shares      —           —           —           —           —     
          

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
        Other Shares      —           —           —           —           —     
          

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Others(c)

  Common Shares      —           —           —           —           —     
  Other Shares      —           —           —           —           —     
          

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total (a+b+c)

  Common Shares      17,221,575         —           986,787         —           16,234,788   
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
  Other Shares      —           —           —           —           —