Sale of Shares of KB Financial Group Inc. held by Kookmin Bank
10-22-2009Sale of Shares of KB Financial Group Inc. held by Kookmin Bank
On October 22, 2009, Kookmin Bank, a wholly-owned subsidiary of KB Financial Group Inc. (“KB Financial Group”), disclosed that it had sold 4,084,967 common shares of KB Financial Group (the “Shares”). Details of such sale (the “Sale”) disclosed by Kookmin Bank are as follows:
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Total number of Shares sold by
Kookmin Bank: 4,084,967 shares Sale price (per Share): Won 61,200 Date of completion of sale and change in shareholding: October 21, 2009 Change in number and percentage of Shares held by Kookmin Bank: |
| Number of | % of total outstanding | |||||||
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Shares held by Kookmin Bank |
Shares(1) | ||||||
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Immediately prior to the Sale (2) |
47,407,671 | 12.27 | % | |||||
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Following the Sale |
43,322,704 | 11.21 | % | |||||
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(1) Number of total outstanding Shares
as of the date hereof: 386,351,693 shares
(2) 47,407,671 Shares held by
Kookmin Bank represented 13.30% of the total outstanding Shares as of January 7,
2009 (the date of its prior related report in Korea) and, as a result of the
issuance of 30,000,000 new Shares by KB Financial Group through a rights
offering in 2009, 12.27% of the total outstanding Shares immediately prior to
the Sale.
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