Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
The company terminated its KRW 20.0B treasury stock acquisition trust contract with Hyundai Motor Securities due to contract expiration. A total of 341,600 treasury shares were acquired under this trust and will be returned to the company’s corporate brokerage account in cash and physical shares.
📊 [Key Disclosure Contents & Summary of Major Figures]
- Contract Value: Before Termination KRW 20,000,000,000 (KRW 20.0B) / After Termination KRW 0
- Contract Period Before Termination: January 16, 2024 – July 16, 2024
- Purpose of Termination: Termination due to expiration of trust contract period
- Trustee Institution: Hyundai Motor Securities Co., Ltd.
- Expected Termination Date: July 16, 2024
- Method of Returning Trust Property After Termination: Return in cash and physical shares (treasury stock)
- Shares Acquired via Trust Contract: 341,600 common shares
- Treasury Shareholdings Before Termination (As of July 16, 2024): 847,732 common shares (0.87%)
- Other Material Details:
- Board resolution is not required pursuant to Article 176-2, Paragraph 1 of the Enforcement Decree of the Capital Markets Act due to contract expiration
- Follow-up disclosure regarding the termination of the ‘Decision on Conclusion of Trust Contract for Treasury Stock Acquisition’ filed on January 16, 2024
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Conversion to Direct Holding of Treasury Shares and Completion of Return Process
This disclosure covers the formal transfer of treasury shares acquired through a trustee financial institution back into the company’s direct corporate account upon contract expiration. Verifying that the physical shares and remaining cash are fully transferred and accurately updated in the company’s account is important to confirm the finalization of the trust management process. Relevant holding details and updates can be verified through subsequent corporate filings or regular business reports (quarterly, half-year, annual).
📢 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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