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
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2023
Commission File Number: 001-31811
Woori Financial Group Inc.
(Translation of registrant’s name into English)
51, Sogong-ro, Jung-gu, Seoul, 04632, 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 ☐
Termination of Trust Agreement for Acquisition of Treasury Shares
Woori Financial Group Inc.(“Woori Financial Group”) announced on October 24, 2023 that the trust agreement it had entered into on April 24, 2023 to acquire treasury shares has been terminated upon the expiration of the term of the agreement on October 24, 2023.
Total Contract Amount | Before Termination | KRW 100,000,000,000 | ||||
After Termination |
0 | |||||
Contract Period (Before Termination) |
Effective Date | April 24, 2023 | ||||
Termination Date |
October 24, 2023 | |||||
| Reason for Termination | Expiration of the term of the agreement | |||||
| Counterparty Subject to Contract Termination | Korea Investment & Securities Co., Ltd. | |||||
| Expected Date of Termination | October 24, 2023 | |||||
| Method of Return of Properties upon Termination | Return of cash and treasury shares | |||||
| Number of Treasury Shares Held Prior to Termination | Acquisition from Profits Available for Dividend | Common Shares (percentage) | 8,585,799 (1.13%) | |||
Other Shares |
— | |||||
| Other Acquisitions |
Common Shares (percentage) |
53,945 (0.00%) | ||||
Other Shares |
— | |||||
| Date of Resolution by the Board of Directors | — | |||||
Other Matters to Consider Before Making an Investment Decision | • Pursuant to Article 176-2 of the Enforcement Decree of the Financial Investment Services and Capital Markets Act of Korea, no separate resolution of the board of directors is required as the trust agreement is being terminated upon the expiration of the term of the agreement.
• The number of treasury shares acquired upon termination of the trust agreement is 8,585,799, which will be returned to the Woori Financial Group’s corporate account and then cancelled.
• The total number of treasury shares held by Woori Financial Group as of the date of this report prior to the termination of the trust agreement is 8,639,744.
| |||||
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.
| Woori Financial Group Inc. | ||||||
| (Registrant) | ||||||
| Date: October 24, 2023 | By: | /s/ Sung-Wook Lee | ||||
| (Signature) | ||||||
| Name: Sung-Wook Lee | ||||||
| Title: Deputy President | ||||||
