LG.Philips LCD Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K is filed by LG.Philips LCD Co., Ltd., a foreign private issuer, for the month of March 2006. The report, dated March 16, 2006, specifically addresses the conversion of Overseas Depositary Receipts (DRs) into underlying shares. The registrant files annual reports under Form 20-F.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on share structure and depositary receipt activity.
Material Changes
Between February 13, 2006, and March 15, 2006, the following changes occurred regarding the surrender of DRs and withdrawal of underlying shares:
- Shares Withdrawn: 3,725,160 underlying shares were withdrawn upon the surrender of DRs.
- Ratio to Issued Shares: The withdrawn shares represent 1.04% of the total issued underlying shares (357,815,700).
- Net Conversion Activity: During the same period, 3,725,160 shares were converted from ADRs to underlying shares, while only 10,750 shares were converted from underlying shares to ADRs.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It notes that two ADRs are equal to one underlying share and that holders may deposit underlying shares to receive DRs up to a maximum outstanding limit of 136,191,400 ADR shares.
Investor Verification Points
- Verify the total number of issued underlying shares (357,815,700) against the company's latest annual report.
- Confirm the current balance of underlying shares issued for ADRs (32,900,504 as of March 15, 2006).
- Review the maximum outstanding limit for ADR shares (136,191,400) to understand future conversion capacity.
- Note that this filing does not contain operational or financial results for the period.