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Share Name | Share Symbol | Market | Type |
---|---|---|---|
SK Telecom Co Ltd | NYSE:SKM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.12 | 0.58% | 20.72 | 20.755 | 20.51 | 20.64 | 178,803 | 01:00:00 |
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 JANUARY 2024
Commission File Number: 333-04906
SK Telecom Co., Ltd.
(Translation of registrants 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 ☐
Termination of Share Repurchase Agreement
On January 26, 2024, SK Telecom Co., Ltd. (the Company) announced 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 had engaged SK Securities to effect repurchases of common shares of the Company.
1. Value of Agreement (Won) | Prior to Termination | 300,000,000,000 | ||||||||
After Termination | 0 | |||||||||
2. Term of Agreement Prior to Termination | From | July 27, 2023 | ||||||||
To | January 26, 2024 | |||||||||
3. Purpose of Termination | Termination upon the expiration of the term of the Agreement | |||||||||
4. Counterparty to Agreement | SK Securities | |||||||||
5. Expected Date of Termination | January 26, 2024 | |||||||||
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 | 6,450,414 | Ratio (%) | 2.95 | |||||
Preferred shares | | Ratio (%) | | |||||||
Other Acquisition | Common shares | | Ratio (%) | | ||||||
Preferred shares | | Ratio (%) | | |||||||
8. Date of Resolution by the Board of Directors | | |||||||||
Attendance of Outside Directors | Present | | ||||||||
Absent | | |||||||||
Attendance of Auditors (Audit Committee Members who are not Outside Directors) | |
9. Other Matters Relating to an Investment Decision
| Pursuant to Article 176-2 of the Financial Investment Services and Capital Markets Act, a separate resolution by the board of directors of the Company is not required as the Agreement has been terminated upon the expiration of its term. |
| A total of 6,090,410 common shares of the Company have been repurchased pursuant to the Agreement, which will be deposited to the Companys corporate securities account and held by the Company upon the termination of the Agreement. |
2
[Changes in Number of Treasury Shares Held Prior to Termination of Agreement]
(Unit: shares)
Method of acquisition | Type of shares |
Beginning | Change | End | Notes | |||||||||||||||||||||||||
Acquired (+) |
Disposed () |
Cancelled () |
||||||||||||||||||||||||||||
Acquisition within limit based on maximum amount of dividends payable |
Direct acquisition |
Direct acquisition through stock exchange |
Common shares | | | | | | | |||||||||||||||||||||
Preferred shares | | | | | | | ||||||||||||||||||||||||
Over-the-counter
acquisition |
Common shares | | | | | | | |||||||||||||||||||||||
Preferred shares | | | | | | | ||||||||||||||||||||||||
Tender offer | Common shares | | | | | | | |||||||||||||||||||||||
Preferred shares | | | | | | | ||||||||||||||||||||||||
Subtotal (a) | Common shares | | | | | | | |||||||||||||||||||||||
Preferred shares | | | | | | | ||||||||||||||||||||||||
Acquisition through broker |
Held in trust by broker |
Common shares | 6,090,410 | | | | 6,090,410 | | ||||||||||||||||||||||
Preferred shares | | | | | | | ||||||||||||||||||||||||
Held by Company |
Common shares | 360,004 | | | | 360,004 | | |||||||||||||||||||||||
Preferred shares | | | | | | | ||||||||||||||||||||||||
Subtotal (b) | Common shares | 6,450,414 | | | | 6,450,414 | | |||||||||||||||||||||||
Preferred shares | | | | | | | ||||||||||||||||||||||||
Other acquisition (c) |
Common shares | | | | | | | |||||||||||||||||||||||
Preferred shares | | | | | | | ||||||||||||||||||||||||
Total (a+b+c) |
Common shares | 6,450,414 | | | | 6,450,414 | | |||||||||||||||||||||||
Preferred shares | | | | | | |
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
1 Year SK Telecom Chart |
1 Month SK Telecom Chart |
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