KT : Decision to Dispose Treasury Shares - Form 6-K
April 11, 2024 at 09:57 am EDT
Share
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 2024
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 ☒ Form40-F ☐
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 11, 2024
KT Corporation
By:
/s/ Youngkyoon Yun
Name:
Youngkyoon Yun
Title:
Vice President
By:
/s/ Sanghyun Cho
Name:
Sanghyun Cho
Title:
Director
Decision to Dispose Treasury Shares
1. Number of shares to be disposed
Common Shares
108,128
Other Shares
-
2. Share Price for Disposal (KRW)
Common Shares
36,400
Other Shares
-
3. Estimated Total Amount* (KRW)
Common Shares
3,935,859,200
Other Shares
-
4. Period of Disposal
From April 11, 2024 to June 24, 2024
5. Purpose of Disposal
To pay long-term performance-based incentives to executive officers and stock grant to outside directors for the year 2023 in the form of treasury shares.
6. Method of Disposal
Off-market transaction
8. Number of Treasury Shares before Disposal
11,447,338
(4.45% of total outstanding shares)
9. Date of Resolution
April 11, 2024
*
The above amount is calculated based on the closing price of KT common share of KRW 36,400 per share on April 9, 2024, and is subject to change according to the closing price on the actual disposal date.
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KT Corporation published this content on
11 April 2024 and is solely responsible for the information contained therein. Distributed by
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KT Corp is a Korea-based company that mainly provides telecommunication services. The Company operates its business through four segments. The Information and Communications Technologies segment is engaged in providing telecommunication services to individual, home, corporate customers and the convergence business. The Finance segment is engaged in providing financial services, such as credit card. The Satellite Broadcasting segment provides satellite television services. The Other segment includes security services, satellite service, information technology and network services, as well as global business services, which provide global network services to multinational or domestic corporate customers and telecommunications companies. The Company's principal services include mobile voice and data telecommunications services; fixed-line services; credit card processing and other financial services; as well as other services. The Company is engaged in the software platforms business.