Resolution on Purchase of Investment Securities Amended | ||||||||
Resolution on Purchase of Investment Securities | ||||||||
SIGNATURES |
Amendment Date:
|
July 21, 2009 | |
1. Relevant 6-K in connection with this Amendment
|
Resolution on Purchase of Investment Securities | |
2. Filing Date of the Relevant 6-K in connection with this
Amendment |
June 1, 2009 | |
3. Reason for Amendment |
To provide details on the number of shares of SK Broadband purchased by the Company (including shares not subscribed by other shareholders) and the total purchase price |
Item | Before Amendment | After Amendment | ||||||||
1. Issuer of
Investment
|
Paid-in-capital | Won 1,179,795,435,000 | Won 1,479,795,435,000 | |||||||
Securities
|
Number of issued and outstanding shares | 235,959,087 shares | 295,959,087 shares | |||||||
2. Details of
Investment
|
Number of shares | Not applicable | 47,187,105 shares | |||||||
Purchase price | Up to Won 300,000,000,000 | Won 235,935,525,000 | ||||||||
Ratio to paid-in-capital | 2.80% | 2.20% | ||||||||
3. Total Number of
Shares Owned and
Percentage after
Investment
|
Number of shares Percentage of ownership |
Not available Not available |
149,638,354 shares 50.6% |
|||||||
7. Purchase Price / Total Assets of the Company | 1.61% | 1.27% |
12. Other Noteworthy Matters
|
The Company will participate in SK
Broadbands capital increase pro rata to
its stake in SK Broadband of 43.4%, and
will be investing additionally in
forfeited shares in case there is any
unclaimed shares after the subscription
period The Companys participation in SK Broadbands capital increase will be up to Won 300 billion, including the investment in forfeited shares Power is vested in the Companys Representative Director on confirmation and execution of the following matters, within the maximum investment amount of Won 300 billion: § Number of forfeited shares to purchase § Total investment amount § Terms of investment § Date of investment § Other matters in connection with the contemplated investment in SK Broadband 3. Total number of shares owned and percentage after investment and 7. Purchase price/Total assets of the Company are subject to change depending on whether there are unclaimed shares after the subscription period, and we will issue an amended disclosure once the numbers are confirmed |
The Company
participated in SK
Broadbands capital
increase pro rata to
its stake in SK
Broadband of 43.4%.
In addition, the
Company purchased
21,135,662 shares of
SK Broadband that
have not been
subscribed by other
shareholders during
the subscription
period. The Companys equity interest in SK Broadband will increase to 50.6% as a result of the Companys participation in the capital increase, by owning 149,638,354 shares out of 295,959,087 total issued shares. The amount of the Paid-in-capital and the Number of issued and outstanding shares described under Item 1. above and Total Number of Shares Owned and Percentage after Investment described under Item 3. above are as of the date on which the registration of the capital increase will have been completed after payment of the subscription price. |
1.
|
Issuer of Investment Securities |
|
Issuer: SK Broadband Representative Director: Shin Cho Paid-in-capital: Won 1,479,795,435,000 Relationship with the Company: Affiliate Number of issued and outstanding shares: 295,959,087 shares Business: Communications and others |
|||||
2.
|
Details of Investment |
|
Number of shares: 47,187,105 shares Purchase Price: Won 235,935,525,000 Paid-in-capital of the Company: Won 10,730,043,316,000 Ratio to paid-in-capital: 2.20% Conglomerate under the Korean Antitrust and Fair Trade Act: Yes |
|||||
3.
|
Total number of shares owned and percentage after investment |
|
Number of shares: 149,638,354 shares Percentage of ownership: 50.6% |
|||||
4. | Method of Investment | Participation in capital increase of SK Broadband using preemptive rights as SK Broadbands shareholder | ||||||
5. | Purpose of Investment | Increased competitiveness for the Company and affiliate | ||||||
6. | Expected date of closing | July 21, 2009 | ||||||
7. | Purchase price / Total assets of the Company (%) | 1.27% | ||||||
8. | Back-door listing | Not applicable | ||||||
9. | Back-door listing for the issuer | Not applicable | ||||||
10.
|
Date of Board resolution |
|
May 21, 2009 Outside Directors: 5 out of 5 in attendance Audit Committee Member: In attendance |
|||||
11. | Reporting required to Korea Fair Trade Commission | Yes | ||||||
12. | Other noteworthy matters | The Company participated in SK Broadbands capital increase pro rata
to its stake in SK Broadband of 43.4%. In addition, the Company
purchased 21,135,662 shares of SK Broadband that have not been
subscribed by other shareholders during the subscription period. The Companys equity interest in SK Broadband will increase to 50.6% as a result of the Companys participation in the capital increase, by owning 149,638,354 shares out of 295,959,087 total issued shares. The amount of the Paid-in-capital and the Number of issued and outstanding shares described under Item 1. above and Total Number of Shares Owned and Percentage after Investment described under Item 3. above are as of the date on which the registration of the capital increase will have been completed after payment of the subscription price. |
Financial | Total Shareholders |
Paid-in- | ||||||||||||||||||||||
Year | Assets | Liabilities | Equity | capital | Revenue | Net income | ||||||||||||||||||
2008 |
3,131,121 | 1,719,925 | 1,411,196 | 1,179,795 | 1,861,396 | -98,839 | ||||||||||||||||||
2007 |
2,671,403 | 1,158,333 | 1,513,070 | 1,175,045 | 1,868,255 | 7,236 | ||||||||||||||||||
2006 |
2,854,445 | 1,361,279 | 1,493,166 | 1,161,229 | 1,723,346 | -86,047 |
SK Telecom Co., Ltd. (Registrant) |
||||
By: | /s/ Tae Jin Park | |||
(Signature) | ||||
Name: | Tae Jin Park | |||
Title: | Vice President | |||