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 June 2020
Commission File Number 1-14926
KT Corporation
(Translation of registrants 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 ☑ 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 ☑
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: June 16, 2020
KT Corporation | ||
By: | /s/ Seunghoon Chi | |
Name: | Seunghoon Chi | |
Title: | Vice President | |
By: | /s/ Youngkyoon Yun | |
Name: | Youngkyoon Yun | |
Title: | Director |
Decision to Dispose of Treasury Shares
1. Number of shares to be disposed : 126,699 (common shares)
2. Estimated total amount : KRW 2,876,067,300
* | The above amount is calculated based on the closing price of KT stock on June 15, 2020; estimated amount is subject to change depending on actual selling price. |
3. Period of disposal : From June 17, 2020 to July 16, 2020
4. Purpose of disposal : Disposal of treasury shares in order to provide stock grant compensation to executive directors for FY 2019
* | The 126,699 shares provided to executive directors will be non-transferable for three years from the date of Board of Directors resolution. |
5. Method of disposal : Off-market disposition
6. Date of resolution : June 16, 2020