Woori Financial Group (NYSE: WF) sets May 6 record date for Tongyang Life share exchange
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Woori Financial Group Inc. set May 6, 2026 as the record date to determine which shareholders may oppose its planned comprehensive share exchange with Tongyang Life Insurance Co., Ltd. and, if required, who may vote on that transaction.
If shareholders holding more than an aggregate of 20% of Woori Financial Group’s issued shares oppose the share exchange, only shareholders of record on May 6, 2026 will be entitled to vote at a subsequent shareholders’ meeting to approve it. The same record date applies to holders of Woori Financial Group’s American Depositary Shares.
Positive
- None.
Negative
- None.
Key Figures
Record date: May 6, 2026
Opposition threshold: 20% of issued shares
Notice date: April 24, 2026
3 metrics
Record date
May 6, 2026
Determines eligible shareholders for opposition and voting on share exchange
Opposition threshold
20% of issued shares
If exceeded, triggers shareholders’ meeting to approve share exchange
Notice date
April 24, 2026
Date Woori Financial Group signed the record date notice
Key Terms
record date, comprehensive share exchange, American Depositary Shares, Korean Commercial Code
4 terms
record date financial
"announced that May 6, 2026 will be the record date for the determination of"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
Korean Commercial Code regulatory
"pursuant to the ordinary procedures of Article 360-3, Paragraph 1 of the Korean Commercial Code."
FAQ
What did Woori Financial Group (WF) announce in this Form 6-K?
Woori Financial Group announced a record date of May 6, 2026. Shareholders of record that day can oppose or, if required, vote on a planned comprehensive share exchange with Tongyang Life Insurance Co., Ltd. under Korean corporate procedures.
What transaction is Woori Financial Group (WF) considering with Tongyang Life Insurance?
Woori Financial Group is planning a comprehensive share exchange with Tongyang Life Insurance that will proceed as a small-scale share exchange. The process follows Article 360-3, Paragraph 1 of the Korean Commercial Code, with opposition and voting rights set by the record date.