LG.Philips LCD Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on September 3, 2004, reports a corporate action by LG.Philips LCD Co., Ltd. (now LG Display Co., Ltd.) regarding the issuance of Overseas Depositary Receipts. The filing details the exercise of an over-allotment option by Joint Global Coordinators under an Underwriting Agreement dated July 15, 2004.
Key Financial Metrics and Transaction Details
| Metric | Value |
|---|---|
| Transaction Type | Public offering in US market (Over-allotment exercise) |
| Number of New Shares | 1,715,700 Common Shares |
| ADSs Issued | 3,431,400 American Depositary Shares |
| Issue Price | USD 30.00 per Share |
| Total Issue Amount (USD) | USD 51,471,000 |
| Total Issue Amount (Won) | 59,268,856,500 Won |
| Exchange Rate | 1,151.50 Won/USD |
| Use of Proceeds | Facility Funds |
| Listing Market | New York Stock Exchange |
| Depositary | Citibank, N.A. |
| Payment Date | September 7, 2004 |
| Issuance Date | September 8, 2004 (Seoul time) |
Note: This filing does not provide operational financial metrics such as revenue, profit, cash flow, margins, or debt levels. It is strictly a disclosure of a capital transaction.
Material Changes and Unusual Items
The primary material event is the election by Joint Global Coordinators (LG Investment & Securities Co., Ltd., Morgan Stanley & Co. Incorporated, and UBS AG) to exercise the over-allotment option on August 20, 2004. This results in the issuance of additional shares beyond the initial offering. The total issue amount in Won is fixed based on the exchange rate quoted on the issuance date of September 8, 2004.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors related to operations. The document focuses solely on the mechanics of the share issuance and the resolution passed by the Board of Directors on September 3, 2004.
Key Facts for Investor Verification
- Verify the final exchange rate on September 8, 2004, to confirm the exact Won proceeds, as the filing notes the Won amount is fixed on the issuance date.
- Confirm the listing of the 3,431,400 new ADSs on the New York Stock Exchange.
- Review the original Underwriting Agreement dated July 15, 2004, for details on the initial offering and the full scope of the over-allotment option (up to 3,744,000 shares).
- Check subsequent filings for the actual cash receipt date and impact on the company's capital structure.