UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE13a-16 OR15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2019
Commission File Number:000-53445
KB Financial Group Inc.
(Translation of registrant’s name into English)
26,Gukjegeumyung-ro8-gil,Yeongdeungpo-gu, Seoul 07331, Korea
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover ofForm 20-F orForm 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting theForm 6-K in paper as permitted byRegulation S-T Rule 101(b)(1): ☐
Note: RegulationS-T Rule 101(b)(1) only permits the submission in paper of a Form6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting theForm 6-K in paper as permitted byRegulation S-T Rule 101(b)(7): ☐
Note: RegulationS-T Rule 101(b)(7) only permits the submission in paper of a Form6-K if submitted to furnish a report or other document that the registrant 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 Form6-K submission or other Commission filing on EDGAR.
Termination of Trust Agreement for Acquisition of Treasury Shares
KB Financial Group Inc. (“KB Financial Group”) announced on December 4, 2019 that the trust agreement it had entered into on December 5, 2018 to acquire treasury shares has been terminated.
| Total Contract Amount (KRW) | Before Termination | 300,000,000,000 | ||||
| After Termination | 0 | |||||
| Contract Period (Before Termination) | Effective Date | December 5, 2018 | ||||
| Termination Date | December 4, 2019 | |||||
| Reason for Termination | Expiration of the term of the agreement | |||||
| Counterparty | Samsung Securities Co., Ltd. | |||||
| Expected Date of Termination | December 4, 2019 | |||||
| Method of Return of Trust Properties upon Termination | Return of cash and treasury shares | |||||
| Number of Treasury Shares Held Prior to Termination | Acquisitions from Profits Available for Dividend | Common Shares (percentage) | 28,477,202 shares (6.81%) | |||
| Other Shares | — | |||||
| Other Acquisitions | Common Shares (percentage) | — | ||||
| Other Shares | — | |||||
| Date of Resolution by the Board of Directors | — | |||||
| Other Matters to Consider Before Making an Investment Decision | - Pursuant to Article176-2 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 6,599,339, which will be kept in KB Financial Group’s corporate account. - The total number of treasury shares held by KB Financial Group is 28,477,202. | |||||
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.
KB Financial Group Inc. | ||||||
| (Registrant) | ||||||
| Date: December 4, 2019 | By: /s/Ki-Hwan Kim | |||||
| (Signature) | ||||||
| Name: | Ki-Hwan Kim | |||||
| Title: | Deputy President and Chief Finance Officer | |||||
