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 April 2014
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 x 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): ¨
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): ¨
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No x
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
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: April 25, 2014 | ||
| KT Corporation | ||
| By: | /s/ Youngwoo Kim | |
| Name: | Youngwoo Kim | |
| Title: | Vice President | |
| By: | /s/ Jungsup Jung | |
| Name: | Jungsup Jung | |
| Title: | Team Leader | |
Decision to Dispose Treasury Shares
| 1. Number of shares to be disposed | Common Shares | 2,106 | ||||||||
| Other Shares | — | |||||||||
| 2. Price of shares to be disposed (KRW) | Common Shares | 32,650 | ||||||||
| Other Shares | — | |||||||||
| 3. Amount of disposal (KRW) | Common Shares | 68,760,900 | ||||||||
| Other Shares | — | |||||||||
| 4. Period of disposal | Start Date | April 25, 2014 | ||||||||
| Close Date | May 30, 2014 | |||||||||
| 5. Reason for disposal | Disposal of treasury shares in order to provide stock grant compensation for FY2013 | |||||||||
| 6. Method of disposal | Disposal through market | — | ||||||||
| After-hours trading | — | |||||||||
| Over the counter trading | 2,106 | |||||||||
| Others | — | |||||||||
| 7. Treasury Shares before the disposal | Acquired within Profit available for dividends | Common Shares | 16,234,788 | Ratio (%) | 6.2 | |||||
| Other Shares | — | Ratio (%) | — | |||||||
| Others | Common Shares | — | Ratio (%) | — | ||||||
| Other Shares | — | Ratio (%) | — | |||||||
| 8. Date of decision for disposal | April 24, 2014 | |||||||||
| - Attendance of Outside Directors | Present | 8 | ||||||||
| Absent | 0 | |||||||||
| - Attendance of Auditors (Auditors who are not Outside Directors) | Present | |||||||||
| 9. Additional Information to Consider in Making an Investment Decision | - The above amount of disposal has been prepared based on the closing price of KT stocks on April 23, 2014, and is subject to change depending on the closing price of the day before the actual disposal date.
- The 2,106 shares provided to Outside Directors will be mandatorily deposited for one year from April 24, 2014, the date of Board of Directors’ resolution. | |||||||||
[Treasury Shares prior to the Decision for Disposal]
(Unit : Share)
| Method of Acquisition | Types of Shares | Beginning of the | Changes | End of the | ||||||||||||||||||||||
| period | Acquisition(+) | Disposal(-) | Cancellation(-) | period | ||||||||||||||||||||||
Acquired within Profit available for dividends | Direct Acquisition | Acquisition through market | Common Shares | 17,221,575 | — | 986,787 | — | 16,234,788 | ||||||||||||||||||
Other Shares | — | — | — | — | — | |||||||||||||||||||||
| Over the counter trading | Common Shares | — | — | — | — | — | ||||||||||||||||||||
Other Shares | — | — | — | — | — | |||||||||||||||||||||
| Public Offering | Common Shares | — | — | — | — | — | ||||||||||||||||||||
Other Shares | — | — | — | — | — | |||||||||||||||||||||
| Sub-total(a) | Common Shares | 17,221,575 | — | 986,787 | — | 16,234,788 | ||||||||||||||||||||
Other Shares | — | — | — | — | — | |||||||||||||||||||||
Acquisition through Trust | Held by the Trustee | Common Shares | — | — | — | — | — | |||||||||||||||||||
Other Shares | — | — | — | — | — | |||||||||||||||||||||
| Held in possession | Common Shares | — | — | — | — | — | ||||||||||||||||||||
Other Shares | — | — | — | — | — | |||||||||||||||||||||
| Sub-total(b) | Common Shares | — | — | — | — | — | ||||||||||||||||||||
| Other Shares | — | — | — | — | — | |||||||||||||||||||||
Others(c) | Common Shares | — | — | — | — | — | ||||||||||||||||||||
| Other Shares | — | — | — | — | — | |||||||||||||||||||||
| Total (a+b+c) | Common Shares | 17,221,575 | — | 986,787 | — | 16,234,788 | ||||||||||||||||||||
| Other Shares | — | — | — | — | — | |||||||||||||||||||||
