LG.Philips LCD Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K is filed by LG.Philips LCD Co., Ltd., a foreign private issuer, for the month of August 2005. The report specifically addresses the status of American Depositary Receipts (ADRs) and the conversion of Overseas Depositary Receipts (DRs) into underlying shares as of August 2, 2005.
Key Financial Metrics
The filing does not provide operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on capital structure and share conversion data.
Material Changes and Share Activity
- Recent Conversions: Between April 12, 2005, and August 2, 2005, 3,593,682 underlying shares were withdrawn upon the surrender of DRs.
- Conversion Ratio: The ratio of total shares withdrawn to the total number of underlying shares during this period was 1.00%.
- ADR Mechanics: Two shares of ADRs are equal to one share of underlying shares. The maximum outstanding limit for ADR shares is 136,191,400.
- Total Underlying Shares Issued for ADRs: 66,175,700 shares (comprising IPO issuance, over-allotment, and a follow-on offering in July 2005).
- Net Balance: As of August 2, 2005, the balance of underlying shares issued for ADRs was 47,893,506.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is a routine disclosure regarding the mechanics of the depositary program.
Investor Verification Checklist
- Verify the current balance of underlying shares (47,893,506) against the total issued (66,175,700) to confirm the net conversion activity.
- Confirm the 2:1 ratio of ADRs to underlying shares for valuation purposes.
- Note that the 3,593,682 shares withdrawn represent the activity specifically between April 12, 2005, and August 2, 2005.
- Check for subsequent filings for updated financial performance, as this document contains no revenue or earnings data.