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

 

Report on Acquisition of Treasury Shares by Trust Agreement

 

1.	KT Corp (the “Company”)’s contract for share repurchase trust

A. Date of disclosure with regards to contract for share repurchase trust: February 9, 2023

B. Trust agreement company: Shinhan Securities Co., Ltd

 

2.	Acquisition of shares issued by the Company through the trust agreement

 

Date		Type of Share		Number of Shares								Price paid Per share (KRW)				Aggregate value (KRW)
				Acquired				Disposed
February 14, 2023		Common Share			100,000				—				33,435				3,343,479,100
February 15, 2023		Common Share			100,000				—				33,219				3,321,898,400
February 16, 2023		Common Share			100,000				—				32,159				3,215,943,050
February 17, 2023		Common Share			100,000				—				32,307				3,230,747,750
February 20, 2023		Common Share			100,000				—				32,698				3,269,813,100
February 21, 2023		Common Share			100,000				—				32,525				3,252,511,300
February 22, 2023		Common Share			100,000				—				32,205				3,220,450,300
February 23, 2023		Common Share			100,000				—				32,063				3,206,331,500
February 24, 2023		Common Share			100,000				—				30,701				3,070,102,350
February 27, 2023		Common Share			100,000				—				30,099				3,009,893,700
February 28, 2023		Common Share			100,000				—				30,444				3,044,411,900
March 2, 2023		Common Share			100,000				—				30,551				3,055,144,250
March 3, 2023		Common Share			150,000				—				30,369				4,555,397,400
March 6, 2023		Common Share			150,000				—				30,539				4,580,831,450
March 7, 2023		Common Share			150,000				—				30,741				4,611,143,200
March 8, 2023		Common Share			150,000				—				30,323				4,548,503,100
March 9, 2023		Common Share			150,000				—				30,502				4,575,294,700
March 10, 2023		Common Share			149,800				—				30,201				4,524,142,650
March 13, 2023		Common Share			150,000				—				29,709				4,456,379,100
March 14, 2023		Common Share			150,000				—				29,398				4,409,659,650
March 15, 2023		Common Share			149,663				—				29,885				4,472,705,450
March 16, 2023		Common Share			120,000				—				29,635				3,556,202,650
March 17, 2023		Common Share			120,000				—				29,832				3,579,842,600
March 20, 2023		Common Share			120,000				—				30,227				3,627,230,600

March 21, 2023		Common Share			120,000				—				30,457				3,654,780,000
March 22, 2023		Common Share			120,000				—				30,487				3,658,398,000
March 23, 2023		Common Share			120,000				—				29,978				3,597,391,750
March 24, 2023		Common Share			120,000				—				29,900				3,587,958,650
March 27, 2023		Common Share			120,000				—				30,080				3,609,571,250
March 28, 2023		Common Share			120,000				—				30,002				3,600,196,550
March 29, 2023		Common Share			119,600				—				29,413				3,517,837,350
March 30, 2023		Common Share			120,000				—				29,062				3,487,382,500
March 31, 2023		Common Share			120,000				—				29,366				3,523,865,300
April 3, 2023		Common Share			120,000				—				29,722				3,566,630,000
April 4, 2023		Common Share			120,000				—				30,430				3,651,610,750
April 5, 2023		Common Share			120,000				—				30,805				3,696,645,500
April 6, 2023		Common Share			120,000				—				30,688				3,682,552,350
April 7, 2023		Common Share			120,000				—				30,761				3,691,312,500
April 10, 2023		Common Share			120,000				—				30,762				3,691,441,350
April 11, 2023		Common Share			120,000				—				30,883				3,705,934,300
April 12, 2023		Common Share			120,000				—				30,654				3,678,528,550
April 13, 2023		Common Share			120,000				—				30,679				3,681,535,900
April 14, 2023		Common Share			120,000				—				30,761				3,691,315,150
April 17, 2023		Common Share			120,000				—				30,746				3,689,532,250
April 18, 2023		Common Share			120,000				—				30,826				3,699,124,850
April 19, 2023		Common Share			120,000				—				30,729				3,687,487,300
April 20, 2023		Common Share			120,000				—				30,381				3,645,686,750
April 21, 2023		Common Share			120,000				—				30,366				3,643,907,650
April 24, 2023		Common Share			120,000				—				30,164				3,619,643,950
April 25, 2023		Common Share			120,000				—				30,198				3,623,753,500
April 26, 2023		Common Share			120,000				—				30,136				3,616,365,350
April 27, 2023		Common Share			120,000				—				30,064				3,607,650,700
April 28, 2023		Common Share			120,000				—				30,148				3,617,797,000
May 2, 2023		Common Share			120,000				—				30,512				3,661,390,000
May 3, 2023		Common Share			120,000				—				30,607				3,672,882,500
May 4, 2023		Common Share			120,000				—				30,497				3,659,582,250
May 8, 2023		Common Share			120,000				—				30,711				3,685,364,900
May 9, 2023		Common Share			120,000				—				31,088				3,730,606,750
Total		Common Share			6,989,063				—				30,558				213,573,722,650

3.	The Company’s share ownership after acquiring issued shares through trust contract

(As of May 12, 2023)

 

Type of Share		Treasury shares held by the Company								Share repurchase by trust contract
		Number				Ratio				Number				Ratio
Common Shares			5,069,130				1.94				6,989,063				2.68
Total			5,069,130				1.94				6,989,063				2.68

 

4.	Changes in shares held by the largest shareholder before and after share repurchase

(As of May 12, 2023)

 

Name		Type of share		As of January 17, 2023				As of March 3, 2023
National Pension Service		Common Shares			25,974,822				22,262,450
Total		Common Shares			25,974,822				22,262,450
		Other Shares			—				—
		Total			25,974,822				22,262,450

 

5.	Other matters relating to protection of investors

 

A.

Share repurchase agreement

 

										(Unit : KRW million)
Date of contract		Contract period		Contract company		Contract amount				Notes
10 February 2023		From February 10, 2023 to August 9, 2023		Shinhan Securities Co., Ltd.			300,000			Subject of the report

 

B.

Ratio of Acquisition under the share repurchase agreement

(As of May 12, 2023)

 

Type of share

Number of shares acquired

Aggregate value (KRW)

Ratio of acquisition to trust contract amount

Contract company

Common Shares

6,989,063

213,573,722,650

71.2

%

Shinhan Securities Co., Ltd.