Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
February 05 2025 - 5:09AM
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 February 2025
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 ☐
Resolution for Acquisition of Treasury Shares
On February 5, 2025, the board of directors of KB Financial Group Inc. (“KB Financial Group”) resolved to acquire treasury
shares within the profits available for dividends. The details are as follows:
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| Type and Number of Shares to be Acquired |
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Common Shares |
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5,695,509 shares |
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Other Shares |
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— |
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| Estimated Amount of Shares to be Acquired |
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KRW 520,000,000,000 |
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| Scheduled Acquisition Period |
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From |
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February 6, 2025 |
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To |
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May 5, 2025 |
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| Purpose of Acquisition |
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Cancellation of Shares |
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| Method of Acquisition |
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Purchase on the stock exchange (KRX) |
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| Entrusted Brokerage Company |
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KB Securities Co., Ltd. |
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| Number
of Treasury Shares owned as of February 5, 2025 |
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19,927,704 shares (5.06%) |
| |
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| Date of Resolution by the Board of Directors |
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February 5,
2025 ● Number of non-executive directors in attendance: 7 (out of 7) |
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| Buying Order Limit per Day |
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569,550 common shares |
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| Other Material Information for an Investment Decision |
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• The above “Type and Number of Shares to be Acquired” and “Estimated Amount of
Shares to be Acquired” are calculated based on the closing price of common shares of KB Financial Group as of February 4, 2025 (one day prior to the date of the resolution of the board of directors). The actual number of shares to be
acquired is subject to change depending on fluctuations in share price.
• The above “Buying Order Limit per Day” is calculated as below pursuant to Article 5-5 of the Regulation on Securities Issuance and Disclosures:
Minimum of [Maximum of ① and ②] and ③
① 10 % of the number of treasury shares to be acquired reported by this announcement:
569,550 shares.
② 25% of the daily average trading volume for the last
one-month period prior to the resolution of the board of directors: 235,222 shares.
③ 1% of the total number of shares issued and outstanding: 3,935,284 common
shares. |
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Limitation on the acquisition amount of treasury shares as of February 5, 2025: |
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(Unit: KRW) |
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| Items |
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Amount |
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| 1. Upper limit of profits available for
dividends as of the end of the previous fiscal year in accordance with the Korean Commercial Code |
|
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24,988,557,604,121 |
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| 2. Amount of treasury shares acquired
since the end of the previous fiscal year |
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2,090,557,685,000 |
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| 3. Dividends and related earnings surplus
reserves resolved at the annual general shareholders’ meeting held after the end of the previous fiscal year |
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20,037,642,800,905 |
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| 4. Quarterly/interim dividends and
related earnings surplus reserves resolved at the meeting of the board of directors after the end of the previous fiscal year |
|
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68,102,430,612 |
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| 5. Contract amount for the trust
agreement |
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2,792,254,687,604 |
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| 6. Acquisition cost of the treasury
shares if disposed after the end of the previous fiscal year (based on the moving average method applied to the acquisition cost) |
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— |
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| Limitation on the acquisition amount of treasury shares (1-2-3-4-5+6) |
|
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2,792,254,687,604 |
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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.
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KB Financial Group Inc. |
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(Registrant) |
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| Date: February 5, 2025 |
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By: |
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/s/ Sang Rock Na |
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(Signature) |
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Name: Sang Rock Na |
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Title: Managing Director and Chief Financial Officer |
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