Business Context and Reporting Period
This Form 6-K filing by Woori Financial Group Inc. (Woori Bank) covers the month of January 2019, with the report dated January 8, 2019. The filing is incorporated by reference into a Registration Statement on Form F-4 regarding a comprehensive stock transfer. The primary purpose of this report is to disclose the results of the appraisal rights exercise related to this transaction.
Key Financial Metrics
The filing does not provide standard operating financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. Instead, it reports specific transactional data regarding the buyback of shares from dissenting shareholders:
- Share Purchase Price: KRW 16,079 per share.
- Total Shares Purchased: 11,453,702 common shares.
- Total Share Purchase Amount: KRW 184,164,074,458.
- Expected Payment Date: January 9, 2019.
Material Changes
The filing details the conclusion of the appraisal rights exercise period, which ran from December 28, 2018, to January 7, 2019. The material change is the reduction of outstanding shares by 11,453,702 units and the corresponding cash outflow of approximately KRW 184.16 billion to settle these claims. No comparative period data is provided in this specific filing.
Guidance, Outlook, and Risks
The filing notes that the payment date of January 9, 2019, remains subject to change. The share purchase price was determined in accordance with Article 62-2 of the Financial Holding Company Act and Article 165-5 of the Financial Investment Services and Capital Markets Act. No forward-looking guidance, management commentary on future performance, or discussion of general business risks is included in this text.
Investor Verification Checklist
- Verify the final payment date for the KRW 184.16 billion share buyback, as the filing states it is subject to change.
- Confirm the impact of the 11,453,702 share reduction on the company's total outstanding share count and earnings per share.
- Review the full Registration Statement on Form F-4 (File No. 333-226345) for broader context on the comprehensive stock transfer.