6-K 1 d50460d6k.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.

 

 

 


Results of Termination of Share Repurchase Agreement

On April 30, 2021, the share repurchase agreement by and between SK Telecom Co., Ltd. (the “Company”) and SK Securities Co., Ltd. (“SK Securities”) dated August 28, 2020 (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: April 29, 2021 (Please refer to the current report on Form 6-K furnished by the Company on April 29, 2021.)

 

  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  

April 30, 2021

  

Trust agreement for repurchase of treasury shares

     500,000  

4. Acquisitions and Dispositions of Issued Shares of the Company under the Agreement

 

 

(Unit: millions of Won, shares, %)  

For the month ended

 

Type

   Acquisition      Disposition      Value of
Agreement
 
   Number
(A)
     Aggregate
Value (B)
     Ratio
(A/B)
     Number
(A)
     Aggregate
Value (B)
       Ratio  
(A/B)
 

August 31, 2020

  Common shares      —          —          —          —          —          —          500,000  

September 30, 2020

  Common shares      496,870      118,956      23.79      —          —          —          500,000  

October 31, 2020

  Common shares      612,425      143,671      28.73      —          —          —          500,000  

November 30, 2020

  Common shares      420,000      96,071      19.21      —          —          —          500,000  

December 31, 2020

  Common shares      280,000      67,965      13.59      —          —          —          500,000  


For the month ended

 

Type

   Acquisition      Disposition      Value of
Agreement
 
   Number
(A)
     Aggregate
Value (B)
     Ratio
(A/B)
     Number
(A)
     Aggregate
Value (B)
       Ratio  
(A/B)
 

January 31, 2021

  Common shares      288,000      72,982      14.60      —          —          —          500,000  

February 28, 2021

  Common shares      —          —          —          —          —          —          500,000  

March 31, 2021

  Common shares      —          —          —          —          —          —          500,000  

April 30, 2021

  Common shares      —          —          —          —          —          —          500,000  

Total

  —        2,097,295      499,646      99.93        —          —          —          500,000  

 

ø

The acquisition information above is based on the date of the order and the aggregate values do not include commissions.

5. Ownership of Treasury Shares after Termination of Agreement

 

[As of April 30, 2021]                  (Unit: millions of Won, shares, %)  

Type

   Treasury Shares Held pursuant
to Article 165-3 of the Financial
Investment Services and Capital
Markets Act (“FSCMA”)(1)
     Treasury Shares Held under
Trust Contract pursuant to
Article 165-3 of FSCMA
     Total  
   Number      Ratio(2)      Aggregate
Value
     Number      Ratio(2)      Aggregate
Value
     Number      Ratio(2)      Aggregate
Value
 

Common shares

     7,488,273        9.27        1,670,014        —          —          —          7,488,273        9.27        1,670,014  

Common shares

     2,097,295        2.60        499,646        —          —          —          2,097,295        2.60        499,646  

Total

     9,585,568        11.87        2,169,660        —          —          —          9,585,568        11.87        2,169,660  

 

(1)

Includes 7,488,273 treasury shares that were already held directly by the Company and 2,097,295 common shares returned to the Company upon termination of the Agreement.

(2)

Ratio calculated based on 80,745,711 total issued shares of the Company.


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 30, 2021