6-K 1 d133306d6k.htm FORM 6-K Form 6-K

 

 

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 OF

THE SECURITIES EXCHANGE ACT OF 1934

FOR THE MONTH OF APRIL 2021

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  ☐

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 submission to furnish a report or other document that the registration 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.

 

 

 


Termination of Share Repurchase Agreement

On April 29, 2021, the board of directors of SK Telecom Co., Ltd. (the “Company”) approved the termination of the share repurchase agreement (the “Agreement”) by and between the Company and SK Securities Co., Ltd. (“SK Securities”) pursuant to which the Company engaged SK Securities to effect repurchases of common shares of the Company.

 

1. Value of Agreement (Won)   

Prior to

Termination

   500,000,000,000
  

After

Termination

   0
2. Term of Agreement Prior to Termination    From    August 28, 2020
   To    August 27, 2021
3. Purpose of Termination    Early termination due to completion of share repurchase
4. Counterparty to Agreement    SK Securities
5. Expected Date of Termination    April 30, 2021
6. Method of Return of Assets in Trust after Termination    Return of cash and treasury shares
7. Treasury Shares Held Prior to Termination   

Acquisition within Limit

Based on Maximum Amount of Dividends Payable

  

Common

shares

   9,585,568    Ratio (%)    11.9
  

Preferred

shares

   —      Ratio (%)    —  
  

 

Other Acquisition

  

 

Common

shares

  

 

—  

  

 

Ratio (%)

  

 

—  

  

Preferred

shares

   —      Ratio (%)    —  
8. Date of Resolution by the Board of Directors    April 29, 2021

- Attendance of Outside Directors

   Present    5
   Absent    —  

- Attendance of Auditors (Audit Committee Members who are not Outside Directors)

   —  

9. Other Matters Relating to an Investment Decision

- A total of 2,097,295 common shares of the Company have been repurchased pursuant to the Agreement, which will be deposited to the Company’s corporate account and held by the Company upon the termination of the Agreement.


[Changes in Number of Treasury Shares Held Prior to Termination of Agreement]

(Unit: shares)

 

Method of acquisition

  

Type of

shares

  

As of

January 1,
2021

     Changes     

As of

April 29,
2021

    

Notes

 
   Acquired
(+)
     Disposed
(–)
     Cancelled
(–)
 

Acquisition within limit based on maximum amount of dividends payable

  

Direct

acquisition

  

Direct

acquisition

through stock

exchange

  

Common

shares

     7,609,263        —          120,990        —          7,488,273        —    
        

Preferred

shares

     —          —          —          —          —          —    
     

Over-the-

counter

acquisition

  

Common

shares

     —          —          —          —          —          —    
        

Preferred

shares

     —          —          —          —          —          —    
      Tender offer   

Common

shares

     —          —          —          —          —          —    
        

Preferred

shares

     —          —          —          —          —          —    
      Subtotal (a)   

Common

shares

     7,609,263        —          120,990        —          7,488,273        —    
        

Preferred

shares

     —          —          —          —          —          —    
  

Acquisition

through

broker

  

Held in trust

by broker

  

Common

shares

     1,809,295        288,000        —          —          2,097,295        —    
        

Preferred

shares

     —          —          —          —          —          —    
     

Held by

Company

  

Common

shares

     —          —          —          —          —          —    
        

Preferred

shares

     —          —          —          —          —          —    
      Subtotal (b)   

Common

shares

     1,809,295        288,000        —          —          2,097,295        —    
        

Preferred

shares

     —          —          —          —          —          —    

Other acquisition (c)

  

Common

shares

     —          —          —          —          —          —    
        

Preferred

shares

     —          —          —          —          —          —    

Total (a+b+c)

  

Common

shares

     9,418,558        288,000        120,990        —          9,585,568        —    
        

Preferred

shares

     —          —          —          —          —          —    


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/ Joongsuk Oh

(Signature)
Name:   Joongsuk Oh
Title:   Senior Vice President

Date: April 29, 2021