Amendment Date:
|
November 2, 2009 | |
1. Relevant 6-K in connection with this Amendment
|
Resolution on Sales of Investment Securities | |
2. Filing Date of the Relevant 6-K in connection with this
Amendment
|
September 30, 2009 | |
3. Reason for Amendment
|
Determination of the number of shares sold, sales price and expected date of closing, etc. | |
4. Items to be Amended |
Item | Before Amendment | After Amendment | ||||
2. Details of Sales |
Number of shares | Not applicable | 10,500,000 | |||
Sales price | Not applicable | Won 315,000,000,000 | ||||
Ratio to paid-in-capital | Not applicable | 2.92 | ||||
3. Total Number of Shares Owned and
Percentage after
Sales |
Number of shares | 0 Shares | 4,500,000 | |||
Percentage of ownership | 0.00% | 9.00% | ||||
5. Expected Date of Closing |
Not applicable | November 6, 2009 |
8. Other Noteworthy Matters
|
The Company intends to sell up to 15,000,000 existing common shares of SK C&C Co., Ltd.,
representing 30% of total issued and outstanding shares of SK C&C, in the initial public
offering of SK C&Cs common shares on the Korea Exchange. The offering price will be determined through demand forecasting procedure. Shares not sold in the public offering will be sold within the period prescribed in the Monopoly Regulation and Fair Trade Act. The offer price of those shares will be determined at or above the market prices on the Korea Exchange on the date of sales. Power is vested in the Companys Representative Director on confirmation and execution of the following matters: Number of shares to sell; Date of public offering; Determination of the offering price; Agreement with the underwriters; Time plan as to sales of shares not sold in the public offering; and Other matters in connection with the sales. The Companys Representative Director may delegate authorities of confirmation and execution of public offering and listing to SK C&C Co., Ltd. We will publicly disclose total number of shares for sale, estimated sales price and date of sale once they are confirmed and will amend such disclosure if changes are made. |
The Company intends to sell existing common shares of SK C&C Co., Ltd. in the initial public
offering of SK C&Cs common shares on the Korea Exchange. The offering price was determined through demand forecasting procedure. Shares not sold in the public offering will be sold within the period prescribed in the Monopoly Regulation and Fair Trade Act. The offer price of those shares will be determined at or above the market prices on the Korea Exchange on the date of sales Power is vested in the Companys Representative Director to determine detailed matters regarding the sale, including timing for the sale of the remaining shares. The Companys Representative Director may delegate authorities of confirmation and execution of public offering and listing to SK C&C Co., Ltd. 5. Expected Date of Closing is based on the date for the payment of share purchase price. We will amend the disclosure regarding the total number of shares sold, sales price and date of sale if changes are made. |
1. Issuer of Investment Securities
|
- Issuer: SK C&C Co., Ltd. | |
- Representative Director: Shin Bae Kim | ||
- Paid-in-capital: Won 10,000,000,000 | ||
- Relationship with the Company: Affiliate | ||
- Number of issued and outstanding shares: 50,000,000 shares | ||
- Business: Information Technology Services | ||
2. Details of Sales
|
- Number of shares: 10,500,000 | |
- Sales Price: Won 315,000,000,000 | ||
- Paid-in-capital of the Company: Won 10,804,946,865,000 | ||
- Ratio to paid-in-capital: 2.92 | ||
- Conglomerate under the Korean Antitrust and Fair Trade Act: Yes | ||
3. Total number of shares owned and percentage after sales |
- Number of shares: 4,500,000 shares | |
- Percentage of ownership: 9.00 % | ||
4. Purpose of Sales
|
Due to SK Corporations conversion to a holding company, the Company is required to sell its affiliates shares under the Monopoly Regulation and Fair Trade Act. | |
5. Expected date of closing
|
November 6, 2009 | |
6. Date of Board Resolution
|
- September 18, 2009 | |
- Outside Directors: 5 out of 5 in attendance | ||
- Audit Committee Member: In attendance | ||
7. Reporting required to Korea Fair Trade Commission |
No | |
8. Other noteworthy matters
|
- The Company intends to sell existing common shares of SK C&C Co., Ltd. in the initial public offering of SK C&Cs common shares on the Korea Exchange. | |
- The offering price was determined through demand forecasting procedure. Shares not sold in the public offering will be sold within the period prescribed in the Monopoly Regulation and Fair Trade Act. The offer price of those shares will be determined at or above the market prices on the Korea Exchange on the date of sales | ||
- Power is vested in the Companys Representative Director to determine detailed matters regarding the sale, including timing for the sale of the remaining shares. The Companys Representative Director may delegate authorities of confirmation and execution of public offering and listing to SK C&C Co., Ltd. | ||
- 5. Expected Date of Closing is based on the date for the payment of share purchase price. We will amend the disclosure regarding the total number of shares sold, sales price and date of sale if changes are made. |
SK Telecom Co., Ltd. (Registrant) |
||||
By: | /s/ Tae Jin Park | |||
(Signature) | ||||
Name: | Tae Jin Park | |||
Title: | Senior Vice President | |||