LG.Philips LCD Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed on February 13, 2006, by LG.Philips LCD Co., Ltd., a foreign private issuer based in Seoul, Republic of Korea. The report covers the period from October 18, 2005, to February 10, 2006, specifically addressing 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 October 18, 2005, and February 10, 2006, the following changes occurred regarding the surrender of DRs and withdrawal of underlying shares:
- Shares Withdrawn: 3,584,781 underlying shares were withdrawn upon the surrender of DRs.
- Ratio to Issued Shares: The withdrawn shares represent approximately 1% of the total issued underlying shares (357,815,700).
- Net Conversion Activity: During the same period, 3,584,781 shares were converted from ADRs, while 2,537,985 shares were converted to ADRs, resulting in a net withdrawal of 1,046,796 shares from the ADR program.
Outlook, Risks, 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 underlying shares for ADRs. The company notes that two ADR shares equal one underlying share and that holders may deposit or surrender shares within the limit of 136,191,400 outstanding ADR shares.
Investor Verification Checklist
- Verify the current balance of underlying shares issued for ADRs, reported as 36,614,914 as of the disclosure date.
- Confirm the total number of issued underlying shares remains at 357,815,700.
- Review the breakdown of share issuances, including the IPO (July 2004), over-allotment (September 2004), and the follow-on offering (July 2005).
- Note that this filing does not contain operational or financial results; investors should refer to Form 20-F for comprehensive financial data.