Decision on Disposal of Treasury Shares
On June 10, 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 compensation to its outside directors.
1. Number of Treasury Shares to be Disposed | Common shares | 500 | ||||||||||||
Preferred shares | - | |||||||||||||
2. Price of the Treasury Shares to be Disposed (Won) | Common shares | 327,500 | ||||||||||||
Preferred shares | - | |||||||||||||
3. Estimated Aggregate Disposal Value (Won) | Common shares | 163,750,000 | ||||||||||||
Preferred shares | - | |||||||||||||
4. Disposal Period | From | June 11, 2021 | ||||||||||||
To | June 24, 2021 | |||||||||||||
5. Purpose of Disposal |
Allotment of shares as compensation to the Company's outside directors | |||||||||||||
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 | 900,000 | Percentage of shares (%) | 1.25 | |||||||||
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 | June 10, 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 2 and 3 above are based on the closing price on June 9, 2021, the day before the date of the resolution by the board of directors. |
- | The price and aggregate value of the treasury shares to be disposed may change as of the actual 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 each outside director to whom the shares are allotted. |
[Treasury Shares Held Prior to Decision on Disposal of Treasury Shares] |
(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 | 7,609,263 | - | 120,990 | 7,488,273 | 0 | - | |||||||||||||||||||||
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 | 0 | - | |||||||||||||||||||||||
Preferred shares | - | - | - | - | - | - | ||||||||||||||||||||||||
Acquisition through broker |
Held in trust by broker |
Common shares | 1,809,295 | 288,000 | 2,097,295 | - | 0 | - | ||||||||||||||||||||||
Preferred shares | - | - | - | - | - | - | ||||||||||||||||||||||||
Held by Company |
Common shares | - | 2,097,295 | - | 1,197,295 | 900,000 | - | |||||||||||||||||||||||
Preferred shares | - | - | - | - | - | - | ||||||||||||||||||||||||
Subtotal (b) |
Common shares | 1,809,295 | 2,385,295 | 2,097,295 | 1,197,295 | 900,000 | - | |||||||||||||||||||||||
Preferred shares | - | - | - | - | - | - | ||||||||||||||||||||||||
Other acquisition (c) |
Common shares | - | - | - | - | - | - | |||||||||||||||||||||||
Preferred shares | - | - | - | - | - | - | ||||||||||||||||||||||||
Total (a+b+c) |
Common shares | 9,418,558 | 2,385,295 | 2,218,285 | 8,685,568 | 900,000 | - | |||||||||||||||||||||||
Preferred shares | - | - | - | - | - | - |
(1) | Represents the number of treasury shares that were returned by SK Securities Co., Ltd. ('SK Securities') to the Company following the termination of a certain share repurchase agreement by and between the Company and SK Securities on April 30, 2021. |
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Disclaimer
SK Telecom Co. Ltd. published this content on 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2021 10:07:14 UTC.