UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 6-K
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REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the Month of April 2025
Commission File Number: 001-31798
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SHINHAN FINANCIAL GROUP CO., LTD.
(Translation of registrant's name into English)
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20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, Korea
(Address of principal executive offices)
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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 Shinhan Financial Group(hereafter SFG) announced on April 28, 2025 that the trust agreement SFG had entered into on October 28, 2024 to acquire treasury shares has been terminated.
Termination of Trust Agreement for Acquisition of Treasury Shares
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 7,603,260, which will be kept in Shinhan Financial Group’s corporate account. Before the termination of this trust agreement, the total number of treasury shares that SFG holds is 14,903,260, 2.96% of the total number of shares issued.
|
|
|
|
Total Contract Amount |
Before Termination |
400,000,000,000 |
After Termination |
0 |
Contract Period (Before Termination) |
Effective Date |
October 28, 2024 |
Termination Date |
April 27, 2025 |
Reason for Termination |
Expiration of the term of the Trust agreement |
Counterparty |
NH Investment & Securities |
Expected Date of Termination |
April 28, 2025 |
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) |
14,903,260 (2.96%) |
Other Shares |
- |
Other Acquisitions** |
Common Shares
(Percentage) |
1 (0.0%) |
Other Shares |
- |
Date of Resolution by the Board of Directors |
- |
* The 14,903,260 shares listed above "7. Treasury stock holdings before contract" represent the total number of treasury shares held as of the reporting date, which includes 7,603,260 shares held under the trust agreement of this termination and 7,300,000 shares held under the trust agreement disclosed on February 6, 2025.
** The ‘Number of treasury shares held prior to termination – other Acquisitions’ are fractional shares acquired during the comprehensive stock exchange process (Orange Life, Neoplux, etc.) pursuant to Article 341-2(Acquisition of treasury stocks for a specific purpose) of the Korean Commercial Act 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.
