Business Context and Reporting Period
This Form 6-K is filed by LG.Philips LCD Co., Ltd. (LG Display) for the period ending February 25, 2005. The filing reports on the conversion of Overseas Depositary Receipts (DRs) into underlying shares and provides an update on the status of American Depositary Receipts (ADRs).
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 capital structure and share conversion statistics.
| Metric | Value |
|---|---|
| Total Underlying Shares Issued for ADRs | 26,675,700 |
| Net Conversion (Withdrawals minus Deposits) | 12,144,112 |
| Balance of Underlying Shares Issued for ADRs (Current) | 14,531,588 |
| Shares Withdrawn (Jan 18, 2005 - Feb 25, 2005) | 3,513,150 |
| Shares Deposited (Jan 18, 2005 - Feb 25, 2005) | 623,240 |
| Ratio of Withdrawals to Total Underlying Shares | 1.08% |
Material Changes
Between January 18, 2005, and February 25, 2005, there was a net reduction in the number of ADRs outstanding as holders surrendered DRs to withdraw underlying shares. Specifically, 3,513,150 underlying shares were withdrawn, while 623,240 underlying shares were deposited to create new DRs. This resulted in a net decrease of 2,889,910 shares held in the ADR program during this specific window.
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.
- Conversion Ratio: Two ADRs are equal to one underlying share.
- Outstanding Limit: The maximum outstanding ADR shares are capped at 57,191,400.
- Confirmation Date: The balance of DRs was confirmed as of February 25, 2005.
Investor Verification Checklist
- Verify the current market price of the underlying shares versus the ADR price to assess conversion arbitrage opportunities.
- Confirm the total number of outstanding ADRs against the 57,191,400 share limit.
- Review the trend of net withdrawals versus deposits to gauge investor sentiment regarding the ADR program.
- Check subsequent filings for updated financial performance data, as this document does not contain earnings information.