LG.Philips LCD Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed by LG.Philips LCD Co., Ltd. (a foreign private issuer) on August 23, 2005. The report covers the period from August 3, 2005, to August 23, 2005, and specifically addresses the conversion of Overseas Depositary Receipts (DRs) into underlying shares.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on capital structure changes related to American Depositary Receipts (ADRs).
Material Changes
- Share Conversions: Between August 3, 2005, and August 23, 2005, 3,665,020 underlying shares were withdrawn upon the surrender of DRs.
- Ratio Impact: The shares withdrawn during this period represent 1.02% of the total issued underlying shares (357,815,700).
- ADR Balance: The balance of underlying shares issued for ADRs as of August 23, 2005, stands at 44,670,146 shares.
- Conversion Activity: During the reporting period, 2,395,165 shares were converted to ADRs, while 3,665,020 shares were converted from ADRs, resulting in a net reduction of 1,269,855 shares in the ADR program.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is a routine disclosure regarding the mechanics of the ADR program.
Investor Verification Checklist
- Verify the total number of issued underlying shares (357,815,700) against the company's latest annual report.
- Confirm the current balance of outstanding ADRs (44,670,146 underlying shares) to assess market liquidity.
- Note the conversion ratio: Two ADR shares equal one underlying share.
- Check the maximum outstanding limit for ADR shares, which is 136,191,400.