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 May 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  ☐

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  ☒

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-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.

 

 

 

SIGNATURES

 

Decision to Dispose Treasury Shares

 

•

Number of shares to be disposed: 131,690 (common shares)

 

•

Estimated total amount: KRW 4,128,481,500

 

*

The above amount is calculated based on the closing price of KT common share of KRW 31,350 per share on May 10, 2023, and is subject to change according to the closing price on the actual disposal date.

 

•

Period of disposal: From May 11, 2023 to July 21, 2023

 

•

Purpose of disposal: To pay long-term performance based incentives to executive officers and stock grant to external directors for the year 2022 in the form of treasury shares.

 

•

Method of disposal: Off-market disposition

 

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The Number of Treasury Shares before Disposal : 5,069,130 (1.94% of total outstanding shares issued)

 

•

Date of Resolution : May 11, 2023