Business Context and Reporting Period
This Form 6-K is filed by LG.Philips LCD Co., Ltd. (LG Display) for the period ending November 29, 2004. 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 mechanics regarding depositary receipts.
| Metric | Value |
|---|---|
| Total Underlying Shares | 325,315,700 |
| Underlying Shares Issued for ADRs (Total) | 26,675,700 |
| Net Conversion (Withdrawals minus Deposits) | 6,268,479 |
| Balance of Underlying Shares Issued for ADRs | 20,407,221 |
| Maximum Outstanding ADR Shares | 57,191,400 |
Material Changes
Between October 27, 2004, and November 29, 2004, the following changes occurred regarding the surrender of DRs and withdrawal of underlying shares:
- Shares Withdrawn: 3,254,290 underlying shares were withdrawn upon the surrender of DRs.
- Withdrawal Ratio: This volume represented 1.00% of the total number of underlying shares.
- Net Activity: During this specific period, 3,254,290 shares were converted from ADRs to underlying shares, while 30,000 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 is a routine disclosure of depositary receipt activity.
Investor Verification Checklist
- Verify the current balance of underlying shares issued for ADRs (20,407,221) against the total outstanding underlying shares (325,315,700).
- Confirm the conversion ratio remains 2 ADRs to 1 underlying share.
- Note that the maximum outstanding limit for ADR shares is 57,191,400.
- Review the breakdown of the 26,675,700 total ADR-issued shares: 24,960,000 from the July 23, 2004 IPO and 1,715,700 from the September 8, 2004 over-allotment.