KT : Results of Termination of Share Repurchase Agreement - Form 6-K

Results of Termination of Share Repurchase Agreement

On August 9, 2023, the share repurchase agreement by and between KT Corporation (the "Company") and Shinhan Securities Co.,Ltd. ("Shinhan Securities") dated February 9, 2023 (the "Agreement") was terminated.

1. Name and Address of Issuer

A.

Name: KT Corporation

B.

Address: 90 Bulljeong-ro (206 Jungja-dong), Bundang-gu, Seongnam-city, GyeongGi-Do

2. Details of Termination

A.

Counterparty (Broker) to the Agreement

•

Name: Shinhan Securities

•

Company Identification Number: 00138321

3. Details of the Agreement

(Unit : millions of Won)
Date of Termination		Type of Agreement		Value of Agreement
August 09, 2023		Trust agreement for repurchase of treasury shares			300,000

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

(Unit: Won, shares, %)
For the month ended		Type						Acquisition						Disposition			Value of Agreement (B)
	Number (A)			Value (A)			Ratio (A/B)			Number (A)			Value (B)			Ratio (A/B)
February 28, 2023			Common shares				1,100,000				35,185,582,450				11.73				-				-				-				300,000,000,000
March 31, 2023			Common shares				2,889,063				86,789,888,150				28.93				-				-				-				300,000,000,000
April 30, 2023			Common shares				2,400,000				73,188,455,650				24.40				-				-				-				300,000,000,000
May 31, 2023			Common shares				2,400,000				75,230,510,350				25.08				-				-				-				300,000,000,000
June 30, 2023			Common shares				966,889				29,692,032,200				9.90				-				-				-				300,000,000,000
Total				9,755,952				300,086,468,800				100							300,000,000,000

5. Ownership of Treasury Shares after Termination of Agreement

[As of August 10, 2023]																				(Unit: millions of Won, shares, %)
Type		Treasury Shares Held pursuant to Article 165-3 of the Act *			Treasury Shares Held under Trust Contract pursuant to Article 165-3 of the Act			Total
	Number			Ratio			Aggregate Value			Number			Ratio			Aggregate Value			Number			Ratio(2)			Aggregate Value
Common shares			14,698,386				5.63				498,075				-				-				-				14,698,386				5.63				498,075
Total			14,698,386				5.63				498,075				-				-				-				14,698,386				5.63				498,075

*	Includes 4,942,434 treasury shares that were already held directly by the Company and 9,755,952 common shares returned to the Company upon termination of the Agreement.