REG - POSCO - Resolution of the Board of Directors <Origin Href="QuoteRef">005490.KS</Origin>

Posco HoldingsAnnouncement

29/10/2014 11:28

RNS Number : 6487O
POSCO
08 August 2014
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 August, 2014
Commission File Number: 1-13368
POSCO 
(Translation of registrant's name into English)
POSCO Center, 892 Daechi 4-dong, Kangnam-gu, Seoul, Korea, 135-777 
(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.)
Form20-F [ x ]  Form 40-F [ ____ ]
[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also 
thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. 
Yes [ ____ ]  No [ x ]
[If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b) : 82- .]
POSCO is furnishing under cover of Form 6-K:
Exhibit 99.1: An English-language translation of documents with repect to Resolution of the Board of Directors 


Resolution of the Board of Directors
On 8 August, 2014, the Board of Directors of POSCO (the "Board") has resolved the followings:
1) In-Kind Investment to Affiliates for Business Restructuring (the "Investment")
The Board has approved the in-kind investment to POSCO P&S by way of investing 17,386,952 common shares of POSCO AST and 2,030,456 common shares of POSCO TMC held by POSCO into POSCO P&S; and subscribing newly issued 3,185,136 common shares of POSCO P&S (approximately 113.6 billion Korean Won in value). 
The Board has approved the in-kind investment to POSMATE by way of investing 1,030,000 common shares of eNtoB held by POSCO into POSMATE; and subscribing newly issued 96,628 common shares of POSMATE (approximately 10.3 billion Korean Won in value).
The Investment is expected to be completed in October, 2014.
2) In-Cash and In-Kind Investment to POSCO Green Gas Technology
The Board has approved the in-cash and in-kind investment to POSCO Green Gas Technology (approximately 672.6 billion Korean Won in value) due to the business structural change in Gwangyang SNG Project.
3) Declaration of Interim Dividend for the Financial Year 2014
Interim Cash Dividend per Share (KRW)
2,000
Dividend Yield (%)
0.68
Record Date 
30 June, 2014
Proposed Dividend Payment Date 
27 August, 2014
Total Amount of Interim Dividend (KRW) 
159,568,476,000
4) Asset Purchase from RIST Steel Structure Research Laboratory
The Board has resolved to purchase the tangible and intangible assets from RIST Steel Structure Research Laboratory. The contract price is 7,073 million Korean Won and it is tentatively scheduled to close on 8 August, 2014.


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.
   POSCO
  (Registrant)
Date:  August 8, 2014 By /s/ Noh, Min-Yong 
  (Signature)* 
*Print the name and title under the signature of the signing officer. Name: Noh, Min-Yong
Title: Senior Vice President

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