Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hyundai Motor confirmed notice of delisting and terminated trading of its Global Depositary Receipts (GDRs) listed on the London Stock Exchange and Luxembourg Stock Exchange.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: Major Management Matters Report (Mandatory Exchange Disclosure – Delisting of Shares from Foreign Securities Markets)
- Exchanges & Host Countries: London Stock Exchange (UK), Luxembourg Stock Exchange (Luxembourg)
- Type & Quantity of Delisted Shares (As of 2024-12-16):
- Common Stock (Underlying Shares for GDRs): 22,607 shares (45,214 GDRs)
- Other Stock (Underlying Preferred/2nd Preferred Shares for GDRs): 3,004,767 shares
- Preferred Stock: 2,713,601 shares (5,427,202 GDRs)
- 2nd Preferred Stock: 291,166 shares (582,332 GDRs)
- Underlying Share to DR Ratio: 1 : 2
- Trading Termination Date: 2024-12-19
- Notice Confirmation Date: 2024-12-19
- Reason for Delisting: To eliminate management complexity considering the reduction in outstanding balance from conversion into underlying shares, low trading volume, and high maintenance costs relative to listing utility.
- Delisting Scope by Exchange:
- London Stock Exchange: Preferred Stock GDRs
- Luxembourg Stock Exchange: Common Stock GDRs, Preferred Stock GDRs, 2nd Preferred Stock GDRs
- Future Schedule & Handling Plan: GDR holders may convert their GDRs into underlying shares through the depositary bank (Citibank) within 6 months following delisting and GDR program termination. (Unconverted quantities after 6 months will be sold by the depositary bank and proceeds distributed in cash.)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of GDR Program Termination and Share Conversion Execution
This filing announces that Hyundai Motor has terminated trading and confirmed delisting notices for its GDRs listed on the London and Luxembourg stock exchanges. Checking whether the conversion of remaining GDRs into underlying shares and the liquidation process for unconverted shares proceed according to the disclosed schedule is important for confirming the execution of the GDR program termination. Further follow-up details can be verified in future periodic regulatory filings, such as the Annual Report.
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