LG.Philips LCD Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed on September 8, 2004, by LG.Philips LCD Co., Ltd., a foreign private issuer based in Seoul, Republic of Korea. The filing reports the completion of an issuance of Overseas Depositary Receipts (ADRs) for the month of September 2004.
Key Financial Metrics
The filing details the financial specifics of a capital raise rather than operational performance metrics such as revenue or profit.
- Total Issue Price (USD): $51,471,000
- Total Issue Price (KRW): 59,335,768,800 Won
- Exchange Rate Applied: 1,152.80 Won/USD
- Shares Issued: 3,431,400 ADRs (representing 1,715,700 underlying Common Shares)
- Use of Proceeds: Capital Expenditure (CAPEX)
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity positions.
Material Changes
The primary material event is the completion of the issuance of new shares and ADSs resulting from the exercise of an over-allotment option. This issuance was previously disclosed on August 20, 2004, and September 3, 2004. The payment date for this transaction was September 7, 2004.
Outlook, Risks, and Unusual Items
Management notes that any remaining options from the over-allotment may not be exercised due to the expiry of the exercise period. The filing confirms the exchange rate used was the basic rate first quoted by the foreign exchange bank on the payment date. No specific risks, contingencies, or forward-looking guidance regarding future operations are detailed in this specific document.
Investor Verification Checklist
- Verify the final number of underlying shares issued (1,715,700) against the company's updated capital structure.
- Confirm the allocation of the $51.47 million proceeds toward specific CAPEX projects.
- Review the August 20 and September 3, 2004 disclosures to understand the initial terms of the over-allotment option.
- Check subsequent filings for the impact of this capital raise on the company's debt-to-equity ratio and liquidity.