Business Context and Reporting Period
This Form 6-K filing by LG.Philips LCD Co., Ltd. (now LG Display Co., Ltd.) covers the month of December 2005, specifically reporting a material event on December 19, 2005. The registrant is a foreign private issuer based in Seoul, Republic of Korea, and files annual reports under Form 20-F.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a change in the company's largest shareholders.
Material Changes Versus Prior Period
The primary material change reported is the reduction of Philips Electronics' ownership stake, resulting in its exclusion from the list of the company's largest shareholders.
- Event: Philips Electronics disposed of 18 million shares of LG.Philips LCD on December 19, 2005 (settlement date).
- Ownership Shift: Philips Electronics' shareholding ratio decreased from 37.9% (135,625,000 shares) to 32.9% (117,625,000 shares).
- Shareholder Status: Prior to the change, both LG Electronics and Philips Electronics held 37.9% each. Post-change, LG Electronics remained the sole largest shareholder at 37.9%.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the share disposal event.
Key Facts for Investor Verification
- Verify the exact settlement date of the share disposal (December 19, 2005).
- Confirm the new ownership percentage of Philips Electronics (32.9%) and its status relative to other shareholders.
- Check subsequent filings for any impact of this ownership change on corporate governance or strategic direction.
- Review the total number of common shares outstanding to contextualize the 18 million share reduction.