Business Context and Reporting Period
This Form 6-K filing by LG.Philips LCD Co., Ltd. (LG Display) covers the period from the listing date of July 23, 2004, through October 26, 2004. The report details the status of Overseas Depositary Receipts (DRs) and the conversion of these receipts into underlying shares following the company's initial public offering.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on capital structure activities related to American Depositary Receipts (ADRs).
| Metric | Value |
|---|---|
| Total Underlying Shares Issued for ADRs | 26,675,700 |
| Net Conversion from ADRs to Underlying Shares | 3,044,189 |
| Balance of Underlying Shares Issued for ADRs | 23,631,511 |
| Maximum Outstanding ADR Shares Limit | 57,191,400 |
Material Changes
Since the listing date of July 23, 2004, there have been significant movements in the conversion of ADRs to underlying shares:
- Conversions from ADRs: 3,269,709 underlying shares were withdrawn upon the surrender of DRs.
- Conversions to ADRs: 225,520 underlying shares were deposited to receive DRs.
- Net Change: A net reduction of 3,044,189 underlying shares held in the ADR program.
- Ratio: The total number of shares withdrawn represents 1.01% of the total underlying shares (325,315,700).
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is a procedural report confirming the mechanics of the ADR program, noting that two ADR shares equal one underlying share and that holders may deposit or surrender shares within the maximum outstanding limit.
Investor Verification Checklist
- Verify the current balance of underlying shares (23,631,511) against the total authorized underlying shares (325,315,700).
- Confirm the exchange ratio of 2 ADRs to 1 underlying share remains in effect.
- Check if the net conversion trend (surrender of DRs) indicates a shift in investor preference for direct share ownership versus ADRs.
- Note that this filing does not contain operational or financial performance data; refer to Form 20-F for comprehensive financial statements.