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 January, 2021

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.

 

 

 

(Material Management Matters of Subsidiary Company)

Capital Increase of POSCO CHEMICAL

On January 20, 2021, the Board of Directors(“BoD”) of POSCO CHEMICAL, resolved capital increase with consideration. The detailed information is provided as below.

 

1. Class and Number of New Shares		Common Stock(shr.)			16,475,000
		Different Classes of Stock(shr.)			—
2. Par value of Share (KRW)					500
3. No. of outstanding Shares before Increase of Capital Stock		Common Stock(shr.)			60,988,220
4. Use of Funds Raised		For Facilities Investment(KRW)			687,800,000,000
		For Operating Capital (KRW)			441,017,500,000
		For Acquisition of Securities of Other Corporation(KRW)			144,700,000,000
5. Method of Capital Increase					Public Offering of Forfeited Shares after Offering to Shareholders

[Rights Offering]

 

6. Issuing Price of New Shares

Final Issuing Price

Common Stock(KRW)

77,300

Preliminary Issuing Price

Common Stock(KRW)

—

Expected Date of finalization

January 8, 2021

7. Record Date of Distribution

December 9, 2020

8. Number of New Shares per Outstanding Share

0.2382583062

9. Ratio of Prior Offering per Share for Member of Employee Shares Ownership Association(%)

11.8

10. Expected Date of Subscription

Employee Shares Ownership Association

From

January 13, 2021

To

January 13, 2021

Shareholder

From

January 13, 2021

To

January 14, 2021

11. Date for Payment of Subscription money

January 21, 2021

12. Managing Underwriter (in case of Indirect Offering)				- Korea Investment & Securities Co., Ltd.   - NH Investment & Securities Co.,Ltd.   - KB Securities Co., Ltd.
13. Transfer of Warrants				Yes
14. Date of Board Resolution(Decision Date)				January 20, 2021
- Attendance of Outside Directors		Present(No.)		2
		Absent(No.)		0
- Attendance of Auditors(members of Audit Committee)				Absent
15. Subject to Filing of Securities Registration Statement				Yes
16. Subject to reporting to the Korean Fair Trade Commission				Yes

[Details Of Subsidiary Company]

 

Name of Subsidiary Company		POSCO CHEMICAL CO., LTD.
- Representative		Min, Kyungzoon
- Main Business		Refractory production and industrial furnace repairment
- Major Subsidiary Company		No
Total Asset of Subsidiary Company(KRW)		1,730,132,565,095
Consolidated Total Asset of Dominant Company(KRW)		79,058,661,130,791
Ratio to Consolidated Total Asset of Dominant Company(%)		2.19

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: January 25, 2021		By		/s/ Chung, Kyung-Jin
				(Signature)
				Name:		Chung, Kyung-Jin
				Title:		Senior Vice President