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 February 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.
Termination of Trust Agreement for Acquisition of Treasury Shares
KB Financial Group Inc. (KB Financial Group) disclosed on February 6, 2017 that the trust agreement it had entered into to acquire treasury shares has been terminated.
Total Contract Amount (KRW) | Before Termination | 300,000,000,000 | ||||||
After Termination | 0 | |||||||
Contract Period (Before Termination) | Effective Date | February 4, 2016 | ||||||
Termination Date | February 6, 2017 | |||||||
Reason for Termination | Expiration of the term of the agreement | |||||||
Counterparty | Samsung Securities Co., Ltd. | |||||||
Expected Date of Termination | February 6, 2017 | |||||||
Method of Return of Trust Properties upon Termination | Return of cash and treasury shares | |||||||
Number of Treasury Shares Held Prior to Termination | Acquisitions from Profits Available for Dividend | Common Shares (percentage) | 21,425,302 shares (5.1%) | |||||
Other Shares | - | |||||||
Other Acquisitions | Common Shares (percentage) | 28,511 shares (0.0%)* *Odd lots resulting from the allocation of new shares in a stock swap on October 19, 2016 | ||||||
Other Shares | - | |||||||
Date of Resolution by the Board of Directors | - | |||||||
Other Matters to Consider Before Making an Investment Decision | - | Pursuant to Article 176-2 of the Enforcement Decree of the Financial Investment Services and Capital Markets Act of Korea, no separate resolution of the board of directors is required as the trust agreement is terminated upon natural expiration of the term of the agreement. | ||||||
- | KB Financial Group had entered into two trust agreements to acquire treasury shares and the number of treasury shares acquired pursuant to the trust agreement that was terminated on this day is 9,206,975. | |||||||
- | As of February 3, 2017, the total number of treasury shares booked by KB Financial Group is 21,453,813 (i.e., the number of shares for which orders have been executed one business day prior to the date of this report).
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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.
KB Financial Group Inc. | ||||||
(Registrant) | ||||||
Date: February 6, 2017 |
By: | /s/ Jae Keun Lee | ||||
(Signature) | ||||||
Name: Jae Keun Lee | ||||||
Title: Managing Director and Chief Financial Officer |