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6-K Filing
KB Financial (KB) 6-KCurrent report (foreign)
Filed: 6 Dec 19, 6:20am
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.
Resolution for Cancellation of Treasury Shares
On December 6, 2019, the board of directors of KB Financial Group Inc. (“KB Financial Group”) resolved to cancel 2,303,617 shares of its common stock held as treasury shares. The details are as follows:
Type and Number of Shares to be Cancelled | Common Shares | 2,303,617 shares | ||
Other Shares | - | |||
Total Number of Shares Issued | Common Shares | 418,111,537 shares | ||
Other Shares | - | |||
Par Value per Share | KRW 5,000 | |||
Amount of Shares to be Cancelled | KRW 100,000,013,970 | |||
Method of Acquisition of Shares to be Cancelled | Existing treasury shares held by KB Financial Group | |||
Scheduled Date of Cancellation | December 12, 2019 | |||
Obligation to Report to the Korea Fair Trade Commission | Not applicable | |||
Other Material Information for an Investment Decision | • Legal basis for the cancellation of treasury shares: Article 343, Paragraph (1) of the Commercial Code of Korea.
• The cancellation of these shares constitutes the cancellation of treasury shares acquired pursuant to a resolution of the board of directors within the limits of profits available for dividends, and as such, there will be no reduction in thepaid-in capital of KB Financial Group.
• The amount of shares to be cancelled is calculated based on the book value of the treasury shares as of December 6, 2019, the date of the resolution of the board of directors.
• The scheduled date of cancellation is subject to change based on discussions with the relevant authorities. |
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 6, 2019 | By: | /s/Ki-Hwan Kim | ||||
(Signature) | ||||||
Name: | Ki-Hwan Kim | |||||
Title: | Deputy President and Chief Finance Officer |