Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hyundai Motor has resolved to delist its Global Depositary Receipts (GDRs) from the London Stock Exchange and Luxembourg Stock Exchange to reduce management complexity considering the declining GDR balance, low trading volume, and maintenance costs relative to listing utility.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: Major Management Matters Report (Mandatory Exchange Disclosure – Decision on Delisting of Shares from Foreign Securities Markets)
- Exchanges & Host Countries: London Stock Exchange (UK), Luxembourg Stock Exchange (Luxembourg)
- Type & Quantity of Shares Subject to Delisting (As of 2024-10-18):
- Common Stock (Underlying Shares for GDRs): 22,607 shares (45,214 GDRs)
- Other Stock (Underlying Preferred/2nd Preferred Shares for GDRs): 3,159,594 shares in total
- Preferred Stock: 2,868,428 shares (5,736,856 GDRs)
- 2nd Preferred Stock: 291,166 shares (582,332 GDRs)
- Underlying Share to DR Ratio: 1 : 2
- Expected Application Date for Delisting:
- London Stock Exchange: 2024-10-24
- Luxembourg Stock Exchange: 2024-11-04
- Expected Delisting Date: 2024-12-19 (Common for both exchanges)
- 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
- Board Resolution Date: 2024-10-24 (7 Independent Directors attended, 0 absent)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of GDR Delisting Procedures and Schedule Execution
This filing announces Hyundai Motor’s board resolution to delist its GDRs from the London and Luxembourg stock exchanges. Monitoring whether the delisting applications and regulatory approval processes proceed according to the expected delisting date (2024-12-19) is important for confirming corporate execution. Any schedule updates or final confirmation details can be verified in future regulatory filings, such as formal delisting reports and periodic annual reports.
📢 Disclaimer & Source Notice
Source: This content has been structured and newly created based on official submission data from the Financial Supervisory Service’s DART system.
Investment Risk Warning: This content is provided for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific securities. All investment decisions and financial responsibilities rest entirely with the individual investor.
Contact: For compliance inquiries or copyright requests, please contact ksb220805@gmail.com.
