Posco Holdings Inc 6-K, filed Jul 15, 2020
Posco Holdings Inc. (PKX)
About this 6-K
Posco Holdings Inc filed this 6-K on July 15, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15D-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2020
Commission File Number: 1-13368
POSCO
(Translation of registrant’s name into English)
POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, 06194
(Address of principal executive office)
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): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
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): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Share Repurchase Status by Trust Contract
1. POSCO’s contract for share repurchase trust
| A. | Date of public disclosure with regards to contract for share repurchase trust : |
April 10, 2020 in KST
| B. | Trust Companies : |
| • | Samsung Securities Co., Ltd. |
| • | KB Securities co.,Ltd. |
| • | NH INVESTMENT & SECURITIES CO.,LTD. |
2. Acquisition of shares issued by POSCO(the “Company”) through the trust contract
| Date |
Type of |
Number of shares | Acquisition amount (KRW) |
Trust companies | ||||||||||||||||
| Acquisition | Disposal | Per share | Daily sum | |||||||||||||||||
| May 11, 2020 |
Common | 10,000 | — | 178,116 | 1,781,164,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| May 12, 2020 |
Common | 20,000 | — | 171,390 | 3,427,800,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| May 13, 2020 |
Common | 20,000 | — | 170,848 | 3,416,953,500 | Samsung Securities Co., Ltd. | ||||||||||||||
| May 14, 2020 |
Common | 20,000 | — | 168,679 | 3,373,587,500 | Samsung Securities Co., Ltd. | ||||||||||||||
| May 15, 2020 |
Common | 20,000 | — | 167,851 | 3,357,023,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| May 18, 2020 |
Common | 10,000 | — | 169,758 | 1,697,575,000 | KB Securities co.,Ltd. | ||||||||||||||
| May 19, 2020 |
Common | 10,000 | — | 178,443 | 1,784,430,000 | KB Securities co.,Ltd. | ||||||||||||||
| May 20, 2020 |
Common | 10,000 | — | 176,946 | 1,769,460,000 | KB Securities co.,Ltd. | ||||||||||||||
| May 21, 2020 |
Common | 10,000 | — | 176,589 | 1,765,890,000 | KB Securities co.,Ltd. | ||||||||||||||
| May 22, 2020 |
Common | 10,000 | — | 172,348 | 1,723,475,000 | KB Securities co.,Ltd. | ||||||||||||||
| May 25, 2020 |
Common | 10,000 | — | 171,842 | 1,718,425,000 | NH INVESTMENT & SECURITIES CO.,LTD. | ||||||||||||||
| May 26, 2020 |
Common | 10,000 | — | 175,257 | 1,752,576,000 | NH INVESTMENT & SECURITIES CO.,LTD. | ||||||||||||||
| May 27, 2020 |
Common | 1,808 | — | 181,254 | 327,709,000 | NH INVESTMENT & SECURITIES CO.,LTD. | ||||||||||||||
| May 28, 2020 |
Common | 1,500 | — | 185,066 | 277,600,000 | NH INVESTMENT & SECURITIES CO.,LTD. | ||||||||||||||
| May 29, 2020 |
Common | 1,740 | — | 178,959 | 311,390,000 | NH INVESTMENT & SECURITIES CO.,LTD. | ||||||||||||||
| June 01, 2020 |
Common | 10,000 | — | 182,846 | 1,828,458,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 02, 2020 |
Common | 3,461 | — | 187,051 | 647,382,500 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 03, 2020 |
Common | 10,000 | — | 200,991 | 2,009,909,500 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 04, 2020 |
Common | 10,000 | — | 201,777 | 2,017,766,500 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 05, 2020 |
Common | 4,454 | — | 200,598 | 893,465,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 08, 2020 |
Common | 4,212 | — | 200,546 | 844,698,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 09, 2020 |
Common | 9,190 | — | 195,264 | 1,794,479,500 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 10, 2020 |
Common | 5,138 | — | 196,153 | 1,007,832,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 11, 2020 |
Common | 10,000 | — | 192,661 | 1,926,613,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 12, 2020 |
Common | 10,000 | — | 185,575 | 1,855,750,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 15, 2020 |
Common | 10,000 | — | 181,270 | 1,812,697,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 16, 2020 |
Common | 7,450 | — | 183,917 | 1,370,184,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 17, 2020 |
Common | 10,000 | — | 185,997 | 1,859,968,500 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 18, 2020 |
Common | 10,000 | — | 187,002 | 1,870,021,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 19, 2020 |
Common | 10,000 | — | 187,039 | 1,870,387,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 22, 2020 |
Common | 10,000 | — | 186,733 | 1,867,334,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 23, 2020 |
Common | 10,000 | — | 183,123 | 1,831,227,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 24, 2020 |
Common | 10,000 | — | 186,705 | 1,867,046,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 25, 2020 |
Common | 10,000 | — | 180,041 | 1,800,412,500 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 26, 2020 |
Common | 10,000 | — | 181,889 | 1,818,888,500 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 29, 2020 |
Common | 10,000 | — | 177,030 | 1,770,299,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| June 30, 2020 |
Common | 10,000 | — | 177,308 | 1,773,081,000 | Samsung Securities Co., Ltd. | ||||||||||||||
| July 01, 2020 |
Common | 10,000 | — | 180,111 | 1,801,112,000 | KB Securities co.,Ltd. | ||||||||||||||
| July 02, 2020 |
Common | 10,000 | — | 179,982 | 1,799,815,000 | KB Securities co.,Ltd. | ||||||||||||||
| July 03, 2020 |
Common | 14,952 | — | 181,834 | 2,718,785,500 | KB Securities co.,Ltd. | ||||||||||||||
| July 06, 2020 |
Common | 13,588 | — | 182,445 | 2,479,058,500 | KB Securities co.,Ltd. | ||||||||||||||
| July 07, 2020 |
Common | 14,806 | — | 185,552 | 2,747,285,000 | KB Securities co.,Ltd. | ||||||||||||||
| July 08, 2020 |
Common | 10,270 | — | 190,370 | 1,955,100,000 | KB Securities co.,Ltd. | ||||||||||||||
| July 09, 2020 |
Common | 12,450 | — | 188,857 | 2,351,275,000 | KB Securities co.,Ltd. | ||||||||||||||
| July 10, 2020 |
Common | 20,000 | — | 181,572 | 3,631,437,500 | KB Securities co.,Ltd. | ||||||||||||||
| July 13, 2020 |
Common | 9,005 | — | 185,017 | 1,666,077,000 | KB Securities co.,Ltd. | ||||||||||||||
| Total |
— | 474,024 | — | 181,368 | 85,972,903,000 | — |
3. The Company’s share ownership status after acquiring issued stocks through trust contract
| (As of July 13, 2020) | (In millions of KRW) |
| Type of share |
Treasury shares held by the Company (A) |
Share repurchase by trust contract (B) |
Total (A+B) | |||||||||||||||||||||||||||||||||
| Number of shares |
% | Acquisition cost |
Number of shares |
% | Contract amount |
Number of shares |
% | Amount | ||||||||||||||||||||||||||||
| Common |
7,071,194 | 8.11 | 1,508,303 | 474,024 | 0.54 | 1,000,000 | 7,545,218 | 8.65 | 2,508,303 | |||||||||||||||||||||||||||
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| Total |
7,071,194 | 8.11 | 1,508,303 | 474,024 | 0.54 | 1,000,000 | 7,545,218 | 8.65 | 2,508,303 | |||||||||||||||||||||||||||
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| • | The above percentages(%) are the proportion of shares out of total issued shares 87,186,835. |
4. Changes in shares held by the largest shareholder before and after share repurchase
| (As of July 13, 2020) | (Shares) |
| Name |
Changes in shares | |||||||||||||
| Type of share | The day before contract commencement* |
Report submission date** |
Reason for change | |||||||||||
| National Pension Service |
Common | 10,475,028 | 10,628,581 | Purchase from the KOSPI market | ||||||||||
| Common | 10,475,028 | 10,628,581 | — | |||||||||||
| Total |
Others | — | — | — | ||||||||||
| Sum | 10,475,028 | 10,628,581 | — | |||||||||||
| * | The day before contract commencement is April 10, 2020. |
| ** | Report submission date is June 30, 2020. |
5. Other information for investors
A. Asset composition of the trust contract
| (As of July 13, 2020) | (KRW, Shares) |
| Type of share |
Number of repurchased shares |
Repurchased amount |
Composition of repurchased amount out of contract amount |
Contract amount | Contract parties | |||||||||||||
| Common |
474,024 | 85,972,903,000 | 8.60 | % | 1,000,000,000,000 | • Samsung Securities Co., Ltd. • KB Securities co.,Ltd. • NH INVESTMENT & SECURITIES CO.,LTD. | ||||||||||||
B. Summary of trust contract
| (As of July 13, 2020) | (KRW) |
| Type of Share |
Contract period | Contract amount | Contract parties |
Remarks | ||||||
| Common |
From April 13, 2020 to April 12, 2021 |
1,000,000,000,000 | • Samsung Securities Co., Ltd. • KB Securities co.,Ltd. • NH INVESTMENT & SECURITIES CO.,LTD. |
Subject of this repurchase report | ||||||
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.
| POSCO | ||||||
| (Registrant) | ||||||
| Date: July 15, 2020 | By | /s/ Lim, Seung-Kyu | ||||
| (Signature) | ||||||
| Name: Lim, Seung-Kyu | ||||||
| Title: Executive Vice President | ||||||