Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
November 26 2024 - 5:05AM
Edgar (US Regulatory)
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
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2024
Commission File Number: 000-53445
KB Financial Group Inc.
(Translation of registrant’s name into English)
26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul 07331, 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 ☐
Update on the Acquisition of Treasury Shares through Trust Agreements
On November 26, 2024, KB Financial Group Inc. (“KB Financial Group”) disclosed the interim results for its two currently
ongoing share buyback programs. The first program commenced on August 26, 2024 through a trust agreement with Samsung Securities Co., Ltd. to acquire treasury shares within its profits available for dividends, as disclosed on July 23, 2024
(the “First Trust Agreement”), and the second program commenced on November 1, 2024, through a trust agreement with Samsung Securities Co., Ltd. to acquire treasury shares within its profits available for dividends, as disclosed on
October 24, 2024 (the “Second Trust Agreement” and, together with the First Trust Agreement, the “Trust Agreements”).
Details of KB Financial Group’s treasury shares as of November 26, 2024 are as follows:
| (1) |
Treasury shares acquired pursuant to the First Trust Agreement from August 26, 2024 to November 26,
2024: |
|
|
|
| |
|
|
Type of Shares |
|
Common Shares |
| |
|
|
Number of Shares Acquired |
|
4,575,874 |
| |
|
|
Average Acquisition Price per Share (Unit: KRW) |
|
87,414 |
| |
|
|
Total Acquisition Amount (Unit: millions of KRW) |
|
400,000 |
| |
|
|
Contracted Amount (Unit: millions of KRW) |
|
400,000 |
| (2) |
Treasury shares acquired pursuant to the Trust Agreements as of November 26, 2024: |
|
|
|
|
|
|
|
|
|
| |
|
|
|
(Units: millions of KRW, shares) |
|
First Trust Agreement |
|
Second Trust Agreement |
| |
|
|
|
Date of Agreement |
|
August 26,
2024 |
|
November 1, 2024 |
| |
|
|
|
|
|
Contract Period |
|
From |
|
August 26, 2024 |
|
From |
|
November 1, 2024 |
| |
To |
|
March 4, 2025 |
|
To |
|
April 30, 2025 |
| |
|
|
|
Contracting Party |
|
Samsung Securities Co., Ltd. |
|
Samsung Securities Co., Ltd. |
| |
|
|
|
Contracted Amount (A) |
|
400,000 |
|
100,000 |
| |
|
|
|
Type of Shares Acquired |
|
Common Shares |
|
Common shares |
| |
|
|
|
Number of Shares Acquired |
|
4,575,874 |
|
200,000 |
| |
|
|
|
Total Acquisition Amount (B) |
|
400,000 |
|
19,152 |
| |
|
|
|
Total Acquisition Amount as a Percentage of the Contracted Amount (B/A) |
|
100% |
|
19% |
| (3) |
Details of KB Financial Group’s treasury shares as of November 26, 2024: |
|
|
|
|
|
| |
|
|
|
Treasury shares held prior to the acquisition of shares under the Trust Agreements (A) |
|
Type of Shares
|
|
Common Shares |
| |
Number of Shares |
|
14,262,733 |
| |
Percentage of Total Issued Shares(1)
|
|
3.62% |
| |
Total Amount (Unit: millions of KRW) |
|
1,101,297 |
| |
|
|
|
Treasury shares acquired pursuant to the Trust Agreements (B) |
|
Type of Shares |
|
Common Shares |
| |
Number of Shares Acquired |
|
4,775,874 |
| |
Percentage of Total Issued Shares(1)
|
|
1.21% |
| |
Contracted Amount (Unit: millions of KRW) |
|
500,000 |
| |
|
|
|
Total treasury shares held (A+B) |
|
Type of Shares |
|
Common Shares |
| |
Number of Shares |
|
19,038,607 |
| |
Percentage of Total Issued Shares(1) |
|
4.84% |
| |
Aggregate Amount (Unit: millions of KRW)(2)
|
|
1,601,297 |
| Notes: (1) |
Based on the total number of 393,528,423 shares of common stock issued. |
| |
(2) |
The aggregate amount is based on the sum of the total amount held prior to the acquisition of shares under the
Trust Agreements and the total contracted amount of shares to be acquired pursuant to the Trust Agreements. |
The
acquisition of treasury shares pursuant to the Second Trust Agreement is still ongoing.
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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
KB Financial Group Inc. |
|
|
|
|
|
|
|
|
(Registrant) |
|
|
|
|
|
| Date: November 26, 2024 |
|
|
|
By: |
|
/s/ Jae Kwan Kim |
|
|
|
|
|
|
|
|
(Signature) |
|
|
|
|
|
|
|
|
|
|
Name: Jae Kwan Kim |
|
|
|
|
|
|
Title: Senior Executive Vice President and Chief Finance Officer |
KB Financial (NYSE:KB)
Historical Stock Chart
From Dec 2024 to Jan 2025
KB Financial (NYSE:KB)
Historical Stock Chart
From Jan 2024 to Jan 2025
