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SKM SK Telecom

Filed: 2 Feb 21, 6:07am

 

 

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 FEBRUARY 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.

 

 

 


Decision on Disposal of Treasury Shares

On February 2, 2021, the board of directors of SK Telecom Co., Ltd. (the “Company”) approved the Company’s disposal of treasury shares for the purpose of allotting shares as bonus payment to its officers and employees.

 

1. Number of Treasury Shares to be Disposed  Common shares   123,090 
     Preferred shares   —   
2. Price of the Treasury Shares to be Disposed (Won)  Common shares   245,500 
     Preferred shares   —   
3. Estimated Aggregate Disposal Value (Won)  Common shares   30,218,595,000 
     Preferred shares   —   
4. Disposal Period     From   February 3, 2021 
      To   February 15, 2021 
5. Purpose of Disposal   Allotment of shares as bonus payment 
6. Method of Disposal   Over-the-counter 
7. Investment Brokerage Agent   Hana Financial Investment Co., Ltd. 
8. Treasury Shares Held Before Disposal  Acquisition within Limit Based on Maximum Amount of Dividends Payable  Common shares   9,706,558   Percentage of shares (%)   12.0 
  Preferred shares   —     Percentage of shares (%)   —   
  Other Acquisition  Common shares   —     Percentage of shares (%)   —   
     Preferred shares   —     Percentage of shares (%)   —   
9. Date of Resolution by the Board of Directors   February 2, 2021 

•   Attendance of Outside Directors

��  Present: 5; Absent: 0 

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

    
10. Maximum Daily Sale Order  Common shares   —   
      Preferred shares   —   

11. Other Matters Relating to an Investment Decision

 

  

Items 1, 2 and 3 above are based on the closing price on February 1, 2021, the day before the date of the resolution by the board of directors.

 

  

The actual number, price and aggregate value of the treasury shares to be disposed may change as of the date of disposal.

 

  

In connection with the method of disposal under Item 6 above, the disposal will be implemented by the transfer of shares from the Company’s securities account for treasury shares to the securities account of the officer or employee to whom the shares are allotted as bonus payment.


[Treasury Shares Held Prior to Decision on Disposal of Treasury Shares]

(Unit: shares)

 

         Change      

Method of acquisition

 

  

Type of

shares

 

  

Beginning

 

  

Acquired

(+)

 

  

Disposed

(–)

 

  

Cancelled

(–)

 

  

End

 

  

Notes

 

Acquisition within limit based on maximum amount of dividends payable  Direct acquisition  Direct acquisition through stock exchange  Common shares  7,609,263    —    —    —    7,609,263    —  
  Preferred shares  —    —    —    —    —    —  
  Over-the-counter acquisition  Common shares  —    —    —    —    —    —  
  Preferred shares  —    —    —    —    —    —  
  Tender offer  Common shares  —    —    —    —    —    —  
  Preferred shares  —    —    —    —    —    —  
  Subtotal (a)  Common shares  7,609,263    —    —    —    7,609,263    —  
  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    —    —    9,706,558    —  
  Preferred shares  —    —    —    —    —    —  

 

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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/ Joong Suk Oh

(Signature)
Name: Joong Suk Oh
Title: Senior Vice President

Date: February 2, 2021

 

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