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 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF DECEMBER 2020
Commission File Number: 333-04906
SK Telecom Co., Ltd.
(Translation of registrant’s name into English)
65, Euljiro, Jung-gu
Seoul 04539, Korea
(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 submission to furnish a report or other document that the registration 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.
Report on Acquisitions Under the Share Repurchase Agreement
SK Telecom Co., Ltd. (the “Company”) hereby reports its acquisitions of treasury shares made under a share repurchase agreement by and between the Company and SK Securities Co., Ltd. (“SK Securities”) dated August 28, 2020 (the “Share Repurchase Agreement”).
1. Entry into Share Repurchase Agreement
A. Date of Disclosure of Entry into the Share Repurchase Agreement: August 28, 2020
B. Name of Counterparty (Broker) to the Share Repurchase Agreement: SK Securities
2. Acquisitions of Issued Shares of the Company under the Share Repurchase Agreement
Date | Type | Total Number of Shares | Price Paid per Share (Won) | Aggregate Value (Won) | ||||||||||||||
Acquired | Disposed | |||||||||||||||||
September 1, 2020 | Common shares | 40,000 | — | 243,600 | 9,744,000,000 | |||||||||||||
September 3, 2020 | Common shares | 40,000 | — | 240,582 | 9,623,289,000 | |||||||||||||
September 4, 2020 | Common shares | 40,000 | — | 236,350 | 9,454,000,000 | |||||||||||||
September 7, 2020 | Common shares | 30,000 | — | 240,283 | 7,208,500,000 | |||||||||||||
September 8, 2020 | Common shares | 33,291 | — | 241,697 | 8,046,340,000 | |||||||||||||
September 9, 2020 | Common shares | 40,000 | — | 238,234 | 9,529,375,000 | |||||||||||||
September 10, 2020 | Common shares | 11,854 | — | 239,225 | 2,835,771,000 | |||||||||||||
September 11, 2020 | Common shares | 16,685 | — | 241,521 | 4,029,770,000 | |||||||||||||
September 14, 2020 | Common shares | 17,308 | — | 245,796 | 4,254,242,000 | |||||||||||||
September 15, 2020 | Common shares | 20,000 | — | 245,675 | 4,913,500,000 | |||||||||||||
September 16, 2020 | Common shares | 20,000 | — | 243,475 | 4,869,500,000 | |||||||||||||
September 17, 2020 | Common shares | 20,000 | — | 242,359 | 4,847,178,000 | |||||||||||||
September 18, 2020 | Common shares | 20,000 | — | 242,327 | 4,846,536,000 | |||||||||||||
September 21, 2020 | �� | Common shares | 20,000 | — | 243,400 | 4,868,000,000 | ||||||||||||
September 22, 2020 | Common shares | 17,732 | — | 238,008 | 4,220,350,000 | |||||||||||||
September 23, 2020 | Common shares | 30,000 | — | 233,605 | 7,008,149,000 | |||||||||||||
September 24, 2020 | Common shares | 20,000 | — | 230,994 | 4,619,884,000 | |||||||||||||
September 25, 2020 | Common shares | 20,000 | — | 230,725 | 4,614,500,000 | |||||||||||||
September 28, 2020 | Common shares | 20,000 | — | 233,850 | 4,677,000,000 | |||||||||||||
September 29, 2020 | Common shares | 20,000 | — | 237,302 | 4,746,041,000 | |||||||||||||
October 5, 2020 | Common shares | 20,000 | — | 240,928 | 4,818,568,000 | |||||||||||||
October 6, 2020 | Common shares | 20,000 | — | 241,440 | 4,828,808,000 | |||||||||||||
October 7, 2020 | Common shares | 20,079 | — | 239,907 | 4,817,088,500 | |||||||||||||
October 8, 2020 | Common shares | 20,000 | — | 240,900 | 4,818,000,000 | |||||||||||||
October 12, 2020 | Common shares | 20,000 | — | 239,327 | 4,786,539,000 | |||||||||||||
October 13, 2020 | Common shares | 20,000 | — | 240,235 | 4,804,690,000 | |||||||||||||
October 14, 2020 | Common shares | 20,000 | — | 236,850 | 4,737,000,000 |
Date | Type | Total Number of Shares | Price Paid per Share (Won) | Aggregate Value (Won) | ||||||||||||||
Acquired | Disposed | |||||||||||||||||
October 15, 2020 | Common shares | 40,000 | — | 233,675 | 9,347,008,000 | |||||||||||||
October 16, 2020 | Common shares | 40,000 | — | 235,142 | 9,405,682,000 | |||||||||||||
October 19, 2020 | Common shares | 40,000 | — | 233,792 | 9,351,669,500 | |||||||||||||
October 20, 2020 | Common shares | 40,000 | — | 231,618 | 9,264,722,500 | |||||||||||||
October 21, 2020 | Common shares | 19,416 | — | 236,240 | 4,586,840,500 | |||||||||||||
October 22, 2020 | Common shares | 50,000 | — | 236,067 | 11,803,372,000 | |||||||||||||
October 23, 2020 | Common shares | 40,573 | — | 238,471 | 9,675,477,000 | |||||||||||||
October 26, 2020 | Common shares | 50,000 | — | 237,284 | 11,864,209,500 | |||||||||||||
October 27, 2020 | Common shares | 50,000 | — | 232,358 | 11,617,918,000 | |||||||||||||
October 28, 2020 | Common shares | 52,357 | — | 232,637 | 12,180,168,000 | |||||||||||||
October 29, 2020 | Common shares | 20,000 | — | 222,867 | 4,457,338,000 | |||||||||||||
October 30, 2020 | Common shares | 30,000 | — | 216,868 | 6,506,050,000 | |||||||||||||
November 2, 2020 | Common shares | 20,000 | — | 214,788 | 4,295,750,000 | |||||||||||||
November 3, 2020 | Common shares | 20,000 | — | 218,853 | 4,377,066,500 | |||||||||||||
November 4, 2020 | Common shares | 20,000 | — | 219,745 | 4,394,900,000 | |||||||||||||
November 5, 2020 | Common shares | 20,000 | — | 223,160 | 4,463,196,000 | |||||||||||||
November 6, 2020 | Common shares | 20,000 | — | 227,275 | 4,545,509,000 | |||||||||||||
November 9, 2020 | Common shares | 20,000 | — | 227,300 | 4,546,000,000 | |||||||||||||
November 10, 2020 | Common shares | 20,000 | — | 226,828 | 4,536,553,000 | |||||||||||||
November 11, 2020 | Common shares | 20,000 | — | 230,825 | 4,616,494,000 | |||||||||||||
November 12, 2020 | Common shares | 20,000 | — | 228,739 | 4,574,773,000 | |||||||||||||
November 13, 2020 | Common shares | 20,000 | — | 231,965 | 4,639,303,500 | |||||||||||||
November 16, 2020 | Common shares | 20,000 | — | 233,177 | 4,663,530,000 | |||||||||||||
November 17, 2020 | Common shares | 20,000 | — | 232,892 | 4,657,842,000 | |||||||||||||
November 18, 2020 | Common shares | 20,000 | — | 230,821 | 4,616,413,000 | |||||||||||||
November 19, 2020 | Common shares | 20,000 | — | 229,694 | 4,593,874,000 | |||||||||||||
November 20, 2020 | Common shares | 20,000 | — | 229,639 | 4,592,782,500 | |||||||||||||
November 23, 2020 | Common shares | 20,000 | — | 231,455 | 4,629,094,000 | |||||||||||||
November 24, 2020 | Common shares | 20,000 | — | 233,138 | 4,662,750,000 | |||||||||||||
November 25, 2020 | Common shares | 20,000 | — | 229,925 | 4,598,500,000 | |||||||||||||
November 26, 2020 | Common shares | 20,000 | — | 232,246 | 4,644,915,000 | |||||||||||||
November 27, 2020 | Common shares | 20,000 | — | 235,783 | 4,715,650,000 | |||||||||||||
November 30, 2020 | Common shares | 20,000 | — | 235,313 | 4,706,263,000 | |||||||||||||
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Total | — | 1,529,295 | — | 234,551 | 358,698,232,000 | |||||||||||||
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3. Treasury Shares after Acquisition of Issued Shares under the Share Repurchase Agreement
[As of November 30, 2020]
Type | Direct Acquisition | Acquisition under the Share Repurchase Agreement | ||||||||||||||||||||||
Number | Ratio* | Aggregate Value (million Won) | Number | Ratio* | Maximum Amount under the Share Repurchase Agreement (million Won) | |||||||||||||||||||
Common shares | 7,609,263 | 9.4 | % | 1,696,997 | 1,529,295 | 1.9 | % | 500,000 | ||||||||||||||||
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Total | 7,609,263 | 9.4 | % | 1,696,997 | 1,529,295 | 1.9 | % | 500,000 | ||||||||||||||||
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* | Ratio calculated based on 80,745,711 total issued shares. |
4. Share Ownership of Largest Shareholder
[As of November 30, 2020] |
Name | Share Ownership | |||||||||||||
Type | Immediately Prior to the Term of the Share Repurchase Agreement | Date of this Report | Reason for Change | |||||||||||
SK Holdings Co., Ltd. | Common shares | 21,624,120 | 21,624,120 | — | ||||||||||
Total | Common shares | 21,624,120 | 21,624,120 | — | ||||||||||
Other shares | — | — | — | |||||||||||
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Total | 21,624,120 | 21,624,120 | — | |||||||||||
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5. Other Matters Relating to Protection of Investors
A. Share Repurchase Agreement
Date of Agreement | Term of Agreement | Counterparty | Maximum Amount under the Share Repurchase Agreement (Won) | Notes | ||||||
August 28, 2020 | August 28, 2020 – August 27, 2021 | SK Securities | 500,000,000,000 | Subject of this Report |
B. Details and Ratio of Acquisitions under the Share Repurchase Agreement
[As of November 30, 2020]
Type | Number of Shares Acquired | Aggregate Value (Won) | Ratio to Maximum Amount under the Share Repurchase Agreement | Counterparty | Notes | |||||||||||||
Common shares | 1,529,295 | 358,698,232,000 | 71.7 | % | SK Securities | — |
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.
SK TELECOM CO., LTD. | ||
(Registrant) |
By: | /s/ Jung Hwan Choi |
(Signature) | ||
Name: | Jung Hwan Choi | |
Title: | Senior Vice President |
Date: December 7, 2020