KT 6-K
Kt Corp (KT)
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 February 2025
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: | February 13, 2025 | |
|---|---|---|
| KT Corporation | ||
| By: | /s/ Youngkyoon Yun | |
| Name: | Youngkyoon Yun | |
| Title: | Vice President | |
| By: | /s/ Sanghyun Cho | |
| Name: | Sanghyun Cho | |
| Title: | Director |
Decision to Enter into a Trust Contract to Acquire Treasury Shares
| 1. Contract amount(KRW) | 250,000,000,000 | ||
|---|---|---|---|
| 2. Contract period | February 14, 2025 ~ August 13, 2025 | ||
| 3. Purpose of contract | Implementation of ‘ KT Corporate Value-Up<br>Plan”<br><br>(Share buyback and Cancellation) | ||
| 4. Trust contract agent | Shinhan Securities Co., Ltd. | ||
| 5. Scheduled contract date | February 14, 2025 | ||
| 6. Number of treasury shares before contract | 6,188,739 (2.46% of total shares)) | ||
| 7. Date of resolution by the BoD | February 13, 2025 | ||
| -Attendance of outside directors | Present (No.) | 8 | |
| Absent (No.) | 0 | ||
| 8. Entrusted Investment Broker | Shinhan Securities Co., Ltd. | ||
| 9. Expected number of shares to be acquired | 5,537,099 | ||
| 10. Price of Shares to be Acquired (KRW) | 45,150 | ||
| 11. Expected Holding Period After Acquisition | Acquired treasury shares will be canceled after the termination of the trust contract | ||
| 12. Additional Details Relevant to Investment Consideration | |||
| • In accordance with the ‘KT Corporate Value-Up Plan’, the company plans to purchase<br>treasury shares worth 250 billion KRW and cancel all acquired shares to enhance corporate value. Please refer to the ‘Corporate Value-Up Plan’ announced on November 5, 2024, for more details.<br><br>• The ‘Contract amount<br>(KRW)’ mentioned above is based on the amount resolved by the Board of Directors on this day.<br><br>• Item 9 above is calculated based on Item 1 and Item 10, and is subject to change depending on<br>future share price fluctuations.<br><br>• Item 10 above is based on the closing price of the day before the board resolution (February 12,<br>2025: 45,150 KRW) and is subject to change depending on future share price fluctuations.<br><br>• Regarding Item 11, the shares are expected to be canceled after the termination of the trust<br>contract. However, if the foreign ownership limit (49%) under Article 8 of the Telecommunications Business Act is exhausted at that time, the shares acquired through this board resolution will be canceled at the earliest possible time. |