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 August 2023

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  ☒            Form 40-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: August 10, 2023
KT Corporation
By:  

/s/ Seunghoon Chi

Name:   Seunghoon Chi
Title:   Vice President
By:  

/s/ Sanghyun Cho

Name:   Sanghyun Cho
Title:   Director

Results of Termination of Share Repurchase Agreement

On August 9, 2023, the share repurchase agreement by and between KT Corporation (the “Company”) and Shinhan Securities Co.,Ltd. (“Shinhan Securities”) dated February 9, 2023 (the “Agreement”) was terminated.

1. Name and Address of Issuer

 

  A.

Name: KT Corporation

 

  B.

Address: 90 Bulljeong-ro (206 Jungja-dong), Bundang-gu, Seongnam-city, GyeongGi-Do

2. Details of Termination

 

  A.

Counterparty (Broker) to the Agreement

 

  •

Name: Shinhan Securities

 

  •

Company Identification Number: 00138321

3. Details of the Agreement

 

(Unit : millions of Won)  

Date of Termination

   

Type of Agreement

    Value of Agreement  

August 09, 2023

    Trust agreement for repurchase of treasury shares      300,000  

4. Acquisitions and Dispositions of Issued Shares of the Company under the Agreement

 

(Unit: Won, shares, %)  

For the month ended

    Type             Acquisition             Disposition     

Value of
Agreement

(B)

  
   Number
(A)		     

Value

(A)

      Ratio
(A/B)		      Number
(A)		     

Value

(B)

     

Ratio

(A/B)

  

February 28, 2023

      Common shares        1,100,000        35,185,582,450        11.73        —          —          —          300,000,000,000  

March 31, 2023

      Common shares        2,889,063        86,789,888,150        28.93        —          —          —          300,000,000,000  

April 30, 2023

      Common shares        2,400,000        73,188,455,650        24.40        —          —          —          300,000,000,000  

May 31, 2023

      Common shares        2,400,000        75,230,510,350        25.08        —          —          —          300,000,000,000  

June 30, 2023

      Common shares        966,889        29,692,032,200        9.90        —          —          —          300,000,000,000  

Total

         9,755,952        300,086,468,800        100                 300,000,000,000  

5. Ownership of Treasury Shares after Termination of Agreement

 

[As of August 10, 2023]                                              (Unit: millions of Won, shares, %)  

Type

    Treasury Shares Held pursuant
to Article 165-3 of the Act * 		     Treasury Shares Held under
Trust Contract pursuant to
Article 165-3 of the Act		      Total  
   Number      Ratio      Aggregate
Value		      Number      Ratio      Aggregate
Value		      Number      Ratio(2)
      Aggregate
Value		  

Common shares

      14,698,386        5.63        498,075        —          —          —          14,698,386        5.63        498,075  

Total

      14,698,386        5.63        498,075        —          —          —          14,698,386        5.63        498,075  

 

*

Includes 4,942,434 treasury shares that were already held directly by the Company and 9,755,952 common shares returned to the Company upon termination of the Agreement.

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