LG.Philips LCD Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed by LG.Philips LCD Co., Ltd. (a foreign private issuer) on April 11, 2005, covering the period from February 26, 2005, to April 11, 2005. The filing reports on the conversion of Overseas Depositary Receipts (DRs) into underlying shares.
Key Financial Metrics
The filing text does not provide revenue, profit, cash flow, margins, debt, or liquidity figures. The document focuses exclusively on share conversion statistics.
Material Changes
Between February 26, 2005, and April 11, 2005, the following changes occurred regarding the surrender of DRs and withdrawal of underlying shares:
- Shares Withdrawn: 3,272,445 underlying shares were withdrawn upon the surrender of DRs.
- Withdrawal Ratio: This volume represents 1.01% of the total number of underlying shares (325,315,700).
- Net Conversion Activity: During the same period, 20,350 underlying shares were converted into ADRs, while 3,272,445 were converted from ADRs to underlying shares.
Outlook and Management Commentary
The filing contains no management commentary, financial guidance, risk factors, or discussion of contingencies. It serves as a statutory update on the status of American Depositary Receipts (ADRs) and underlying shares.
Investor Verification Points
- Verify the total number of underlying shares issued for ADRs (26,675,700) and the current balance (11,279,493).
- Confirm the conversion ratio: Two ADR shares equal one underlying share.
- Note the maximum outstanding limit for ADR shares is 57,191,400.
- Review the breakdown of historical conversions to understand the trend of net withdrawals versus deposits.