LG.Philips LCD Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed on January 17, 2005, by LG.Philips LCD Co., Ltd., a foreign private issuer headquartered in Seoul, Republic of Korea. The report covers the period from November 30, 2004, to January 17, 2005, and specifically addresses the conversion of Overseas Depositary Receipts (DRs) into underlying shares.
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 mechanics regarding American Depositary Receipts (ADRs).
Material Changes
Between November 30, 2004, and January 17, 2005, the following changes occurred regarding the ADR program:
- Net Withdrawals: A total of 3,332,423 underlying shares were withdrawn upon the surrender of DRs.
- Conversion Ratio: The ratio of total shares withdrawn to the total number of underlying shares during this period was 1.02%.
- Balance Update: The balance of underlying shares issued for ADRs decreased to 17,421,498 shares as of the disclosure date.
Outlook and Management Commentary
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It serves as a statutory update on the status of the ADR program, noting that two ADRs equal one underlying share and that the maximum outstanding limit for ADR shares is 57,191,400.
Investor Verification Checklist
- Verify the current balance of underlying shares (17,421,498) against the total authorized ADR limit (57,191,400).
- Confirm the 2:1 conversion ratio between ADRs and underlying shares for valuation purposes.
- Note that this filing does not contain operational or financial results; refer to Form 20-F for comprehensive financial data.