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 August 2023
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 ☒ Form 40-F ☐
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: August 10, 2023 | ||
| KT Corporation | ||
| By: | /s/ Seunghoon Chi | |
| Name: | Seunghoon Chi | |
| Title: | Vice President | |
| By: | /s/ Sanghyun Cho | |
| Name: | Sanghyun Cho | |
| Title: | Director | |
Results of Termination of Share Repurchase Agreement
On August 9, 2023, the share repurchase agreement by and between KT Corporation (the “Company”) and Shinhan Securities Co.,Ltd. (“Shinhan Securities”) dated February 9, 2023 (the “Agreement”) was terminated.
1. Name and Address of Issuer
| A. | Name: KT Corporation |
| B. | Address: 90 Bulljeong-ro (206 Jungja-dong), Bundang-gu, Seongnam-city, GyeongGi-Do |
2. Details of Termination
| A. | Counterparty (Broker) to the Agreement |
| • | Name: Shinhan Securities |
| • | Company Identification Number: 00138321 |
3. Details of the Agreement
| (Unit : millions of Won) | ||||||
Date of Termination | Type of Agreement | Value of Agreement | ||||
August 09, 2023 | Trust agreement for repurchase of treasury shares | 300,000 | ||||
4. Acquisitions and Dispositions of Issued Shares of the Company under the Agreement
| (Unit: Won, shares, %) | ||||||||||||||||||||||||||||||||
For the month ended | Type | Acquisition | Disposition | Value of (B) | ||||||||||||||||||||||||||||
| Number (A) | Value (A) | Ratio (A/B) | Number (A) | Value (B) | Ratio (A/B) | |||||||||||||||||||||||||||
February 28, 2023 | Common shares | 1,100,000 | 35,185,582,450 | 11.73 | — | — | — | 300,000,000,000 | ||||||||||||||||||||||||
March 31, 2023 | Common shares | 2,889,063 | 86,789,888,150 | 28.93 | — | — | — | 300,000,000,000 | ||||||||||||||||||||||||
April 30, 2023 | Common shares | 2,400,000 | 73,188,455,650 | 24.40 | — | — | — | 300,000,000,000 | ||||||||||||||||||||||||
May 31, 2023 | Common shares | 2,400,000 | 75,230,510,350 | 25.08 | — | — | — | 300,000,000,000 | ||||||||||||||||||||||||
June 30, 2023 | Common shares | 966,889 | 29,692,032,200 | 9.90 | — | — | — | 300,000,000,000 | ||||||||||||||||||||||||
Total | 9,755,952 | 300,086,468,800 | 100 | 300,000,000,000 | ||||||||||||||||||||||||||||
5. Ownership of Treasury Shares after Termination of Agreement
| [As of August 10, 2023] | (Unit: millions of Won, shares, %) | |||||||||||||||||||||||||||||||||||
Type | Treasury Shares Held pursuant to Article 165-3 of the Act * | Treasury Shares Held under Trust Contract pursuant to Article 165-3 of the Act | Total | |||||||||||||||||||||||||||||||||
| Number | Ratio | Aggregate Value | Number | Ratio | Aggregate Value | Number | Ratio(2) | Aggregate Value | ||||||||||||||||||||||||||||
Common shares | 14,698,386 | 5.63 | 498,075 | — | — | — | 14,698,386 | 5.63 | 498,075 | |||||||||||||||||||||||||||
Total | 14,698,386 | 5.63 | 498,075 | — | — | — | 14,698,386 | 5.63 | 498,075 | |||||||||||||||||||||||||||
| * | Includes 4,942,434 treasury shares that were already held directly by the Company and 9,755,952 common shares returned to the Company upon termination of the Agreement. |
