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

Posco HoldingsAnnouncement

10/11/2014 09:53

RNS Number : 5345W
POSCO
10 November 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 November, 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 7 November, 2014, the Board of Directors of POSCO (the "Board") has resolved the followings:
1) Capital Increase Plan for Suncheon Eco Trans Co., Ltd.
The Board has approved the capital increase plan for Suncheon Eco Trans Co., Ltd. and subscription of five million ordinary shares (KRW 25 billion) during the period between November 2014 and February 2015. 
2) Disposal of Busan E&E Co., Ltd Shares.
The Board has resolved to sell all the ordinary shares the Company holds in Busan E&E Co., Ltd.(70%) to POSCO ENERGY CO., LTD., during the first quarter of year 2015, subject to relevant authorizations such as authorizations from Busan City. 
Total number of Shares: 6,029,660 shares
Total amount of Shares: KRW 30,956,000,000
 Per Share Price: KRW 5,134 
3) Extension of Lime Calcination Plant Lease Agreement with POSCO Chemtech
The Board has approved to extend the lease agreement with POSCO Chemtech for the lime calcination plant, facilities located at Pohang Works and Gwangyang Works, for one year. 
 Lease Amount: KRW 16,046,000,000
 Lease Period: November 16, 2014 ~ November 15, 2015 
4) Plan for Disposal of Treasury Shares to Adopt ESOP(Employee Stock Ownership Plan)
The Board has approved the plan for the disposal of the treasury shares as follows:
 Purpose: Adoption of ESOP
 Estimated Price: KRW47,630,505,600 (KRW 216,400per share)
 Estimated Number of Shares to be Disposed: 220,104Shares
 Expected Disposal Method: Over-The-Counter Trading
 Expected Disposal Date: 2 December 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:  November 10, 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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