Report of Foreign Issuer (6-k)
November 24 2017 - 6:12AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2017
Commission File Number: 000-53445
KB Financial
Group Inc.
(Translation of registrants name into English)
84, Namdaemoon-ro, Jung-gu, Seoul 04534, Korea
(Address of principal executive office)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note
: Regulation
S-T
Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to
provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): ☐
Note
: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if
submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants
home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to
the registrants security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Resolution to Enter into a Trust Agreement for Acquisition of Treasury Shares
On November
24, 2017, the board of directors of KB Financial Group Inc. resolved to enter into
a trust agreement to acquire treasury shares. The details are as follows:
1.
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Total contract amount: KRW 300,000,000,000
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2.
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Contract period: November 27, 2017 November 26, 2018
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3.
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Purpose of acquisition: To stabilize share price and increase shareholder value
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4.
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Contracting party: Samsung Securities Co., Ltd.
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5.
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Expected date of agreement: November 27, 2017
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6.
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Number of treasury shares owned as of November 24, 2017: 17,108,083 shares (4.09%)
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7.
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Date of resolution by the board of directors: November 24, 2017
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Number of independent directors attended: 7 (all attended)
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8.
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Brokerage company appointed for the share acquisition: Samsung Securities Co., Ltd.
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9.
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Limitation on the acquisition amount of treasury shares as of November 24, 2017:
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(Unit:
KRW millions)
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Items
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Amount
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1. Upper limit of profits available for dividends in accordance with the Korean Commercial Code
(1)
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2,656,810
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2. Amount of treasury shares acquired since the end of the previous fiscal year
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82,110
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3. Dividends and related earnings surplus reserves resolved at the annual general
shareholders meeting held after the end of the previous fiscal year
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4. Quarterly/interim dividends and related earnings surplus reserves resolved at the meeting of
the board of directors after the end of the previous fiscal year
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5. Contract amount for the trust agreement
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6. Amount of treasury shares disposed since the end of the previous fiscal year (based on the
moving average method applied to the acquisition cost)
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165,075
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Limitation on the acquisition amount of treasury shares
(1-2-3-4-5+6)
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2,739,775
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(1)
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As of the end of the previous fiscal year.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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KB Financial Group Inc.
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(Registrant)
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Date: November 24, 2017
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By:
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/s/ Jae Keun Lee
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(Signature)
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Name:
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Jae Keun Lee
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Title:
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Managing Director and Chief Financial Officer
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