6-K
SK TELECOM CO LTD (SKM)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OFFOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF JANUARY 2024
Commission File Number: 333-04906
SK Telecom Co., Ltd.
(Translation of registrant’s name into English)
65, Euljiro,Jung-gu
Seoul 04539, Korea
(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 ☐
Results of Termination of Share Repurchase Agreement
On January 26, 2024, the share repurchase agreement by and between SK Telecom Co., Ltd. (the “Company”) and SK Securities Co., Ltd. (“SK Securities”) dated July 27, 2023 (the “Agreement”) was terminated.
1. Name and Address of Issuer
| A. | Name: SK Telecom Co., Ltd. |
|---|---|
| B. | Address: 65, Eulji-ro, Jung-gu, Seoul, Korea |
| --- | --- |
2. Details of Termination
| A. | Date of Report on Decision to Terminate the Agreement: January 26, 2024 (Please refer to the current<br>report on Form 6-K entitled “Termination of Share Repurchase Agreement” furnished by the Company on January 26, 2024.) |
|---|---|
| B. | Counterparty (Broker) to the Agreement |
| --- | --- |
| • | Name: SK Securities |
| --- | --- |
| • | Company Identification Number: 00131850 |
| --- | --- |
3. Details of the Agreement
(Unit : millions of Won)
| Date of Termination | Type of Agreement | Value of Agreement |
|---|---|---|
| January 26, 2024 | Trust agreement for repurchase of treasury shares | 300,000 |
4. Acquisitions and Dispositions of Issued Shares of the Company under the Agreement
(Unit: millions of Won, shares, %)
| For the<br> <br>month<br><br><br>ended | Type | Acquisition | Disposition | Value of<br> <br>Agreement | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number<br> <br>(A) | Aggregate<br> <br>Value (B) | Ratio<br> <br>(A/B) | Number<br> <br>(A) | Aggregate<br> <br>Value (B) | Ratio<br> <br>(A/B) | ||||||||||
| July 31, 2023 | Common shares | 70,000 | 3,222 | 1.07 | — | — | — | 300,000 | |||||||
| August 31, 2023 | Common shares | 1,090,242 | 51,360 | 17.12 | — | — | — | 300,000 | |||||||
| September 30, 2023 | Common shares | 1,050,000 | 51,989 | 17.33 | — | — | — | 300,000 | |||||||
| October 31, 2023 | Common shares | 843,168 | 41,725 | 13.91 | — | — | — | 300,000 | |||||||
| November 30, 2023 | Common shares | 1,240,000 | 63,040 | 21.01 | — | — | — | 300,000 | |||||||
| December 31, 2023 | Common shares | 1,797,000 | 89,939 | 29.98 | — | — | — | 300,000 | |||||||
| January 26, 2024 | Common shares | — | — | — | — | — | — | 300,000 | |||||||
| Total | — | 6,090,410 | 301,275 | 100.43 | — | — | — | 300,000 | |||||||
| ø | The acquisition information above is based on the date of the order and the aggregate values do not include<br>commissions. | ||||||||||||||
| --- | --- |
2
5. Ownership of Treasury Shares after Termination of Agreement
[As of January 26, 2024]
(Unit: millions of Won, shares, %)
| Type | Treasury Shares Held pursuant<br> <br>to<br>Article 165-3 of the Financial<br> <br>Investment Services and Capital<br><br><br>Markets Act (“FSCMA”)^(1)^ | Treasury Shares Held<br>under<br> <br>Trust Contract pursuant to<br><br><br>Article 165-3 of FSCMA | Total | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number | Ratio | Aggregate<br><br><br>Value | Number | Ratio | Aggregate<br><br><br>Value | Number | Ratio | Aggregate<br><br><br>Value | ||||||||||
| Common shares | 6,450,414 | 2.95 | 317,768 | — | — | — | 6,450,414 | 2.95 | 317,768 | |||||||||
| Total | 6,450,414 | 2.95 | 317,768 | — | — | — | 6,450,414 | 2.95 | 317,768 | |||||||||
| (1) | Includes 360,004 treasury shares that were already held directly by the Company and 6,090,410 common shares<br>returned to the Company upon termination of the Agreement. | |||||||||||||||||
| --- | --- |
3
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.
| SK TELECOM CO., LTD. | |
|---|---|
| (Registrant) | |
| By: | /s/ Hee Jun Chung |
| (Signature) | |
| --- | --- |
| Name: | Hee Jun Chung |
| Title: | Vice President |
Date: January 26, 2024
4