Business Context and Reporting Period
This Form 6-K is filed by LG.Philips LCD Co., Ltd. (LG Display) for the month of September 2005, with a reporting date of September 20, 2005. The filing serves as a report of a foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934. The document specifically addresses the conversion of Overseas Depositary Receipts (DRs) into underlying shares.
Key Financial Metrics
The filing does not provide financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly limited to reporting changes in the capital structure regarding American Depositary Receipts (ADRs) and underlying shares.
| Metric | Value |
|---|---|
| Underlying Shares Withdrawn (Aug 24 - Sep 20, 2005) | 3,760,666 |
| Total Issued Underlying Shares | 357,815,700 |
| Withdrawal Ratio (Period vs. Total Issued) | 1.05% |
| ADRs Converted to Underlying Shares (Total since IPO) | 27,661,385 |
| Underlying Shares Converted to ADRs (Total since IPO) | 2,395,165 |
| Net Conversion (ADRs to Underlying) | 25,266,220 |
| Balance of Underlying Shares Issued for ADRs | 40,909,480 |
Material Changes
Between August 24, 2005, and September 20, 2005, there was a net withdrawal of 3,760,666 underlying shares upon the surrender of DRs. No new underlying shares were converted into ADRs during this specific reporting period. The total number of underlying shares issued for ADRs stands at 66,175,700, comprising shares issued at the IPO (July 2004), an over-allotment option (September 2004), and a follow-on offering (July 2005).
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is a procedural disclosure regarding the mechanics of ADR conversion. The filing notes that two shares of ADRs are equal to one share of underlying shares and that holders can deposit underlying shares to receive DRs up to a maximum outstanding limit of 136,191,400 ADR shares.
Investor Verification Checklist
- Verify the current balance of underlying shares issued for ADRs (40,909,480) against the total issued shares (357,815,700).
- Confirm the 1.05% ratio of withdrawn shares relative to total issued shares for the period of August 24 to September 20, 2005.
- Review the breakdown of the 66,175,700 total underlying shares issued for ADRs to understand the composition of IPO, over-allotment, and follow-on offering shares.
- Note that this filing does not contain operational or financial performance data; refer to Form 20-F for comprehensive financial statements.