Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
The company terminated its KRW 50.0B treasury stock acquisition trust contract with Hyundai Motor Securities due to contract expiration. The 434,200 treasury shares acquired under this trust will be returned to the company’s corporate account in cash and physical shares.
📊 [Key Disclosure Contents & Summary of Major Figures]
- Contract Value: Before Termination KRW 50,000,000,000 (KRW 50.0B) / After Termination KRW 0
- Contract Period Before Termination: July 22, 2024 – January 22, 2025
- Purpose of Termination: Termination due to expiration of trust contract period
- Trustee Institution: Hyundai Motor Securities Co., Ltd.
- Expected Termination Date: January 22, 2025
- Method of Returning Trust Property After Termination: Return in cash and physical shares (treasury stock)
- Shares Expected to be Returned: 434,200 common shares
- Treasury Shareholdings Before Termination (As of January 22, 2025): 1,755,657 common shares (1.82%)
- Other Material Details:
- A total of 434,200 treasury shares were acquired under this trust contract and will be transferred to the company’s securities account
- Board resolution is not required pursuant to Article 176-2, Paragraph 1 of the Enforcement Decree of the Financial Investment Services and 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 July 22, 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 regular business reports (quarterly, half-year, annual) or follow-up share count 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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