Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
To stabilize its share price and enhance shareholder value, the company decided to enter into a KRW 40.0B treasury stock acquisition trust contract with Hyundai Motor Securities. The contract period runs from September 24, 2024, to March 24, 2025.
📊 [Key Disclosure Contents & Summary of Major Figures]
- Contract Value: KRW 40,000,000,000 (KRW 40.0B)
- Contract Period: September 24, 2024 – March 24, 2025
- Purpose of Contract: Enhancing shareholder value through stock price stabilization
- Trustee Institution / Broker: Hyundai Motor Securities Co., Ltd.
- Expected Contract Date: September 24, 2024
- Treasury Shareholdings Before Contract (As of September 24, 2024): 1,281,932 common shares (1.32%)
- Board Resolution Date: September 24, 2024 (1 Outside Director attended, Auditor attended)
- Limit on Treasury Stock Acquisition Amount: KRW 164,268,158,588 (approx. KRW 164.27B)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Execution of Trust Buyback and Subsequent Termination/Return Filings
This filing covers the execution of a KRW 40.0B trust contract aimed at stabilizing share prices and boosting shareholder value. Tracking whether treasury shares are progressively acquired through trustee Hyundai Motor Securities during the contract period (September 24, 2024 – March 24, 2025) and verifying the submission of a termination disclosure returning the shares to the corporate account upon expiration is essential. Relevant acquisition details can be verified through subsequent regular business reports or follow-up trust termination disclosures.
📢 Legal Disclaimer & Source Notice
Source: This content was structured and newly generated based on official filing data from the Financial Supervisory Service DART system.
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