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 50.0B treasury stock acquisition trust contract with Hyundai Motor Securities. The contract period runs from July 22, 2024, to January 22, 2025.
📊 [Key Disclosure Contents & Summary of Major Figures]
- Contract Value: KRW 50,000,000,000 (KRW 50.0B)
- Contract Period: July 22, 2024 – January 22, 2025
- Purpose: Stock price stabilization and enhancement of shareholder value
- Trustee / Entrusted Broker: Hyundai Motor Securities Co., Ltd.
- Expected Contract Date: July 22, 2024
- Board Resolution Date: July 22, 2024 (1 Outside Director attended, Auditor attended)
- Treasury Shareholdings Prior to Contract (As of July 22, 2024):
- 847,732 common shares (0.87%)
- Limit on Treasury Stock Acquisition Amount:
- Dividendable Profit Limit under Commercial Law (End of Prior FY): KRW 304,789,633,428
- Trust Contract Value: KRW 50,000,000,000
- Remaining Limit for Treasury Stock Acquisition: KRW 214,268,158,588 (Calculated based on separate financial statements as of Dec 31, 2023, approved at the 44th AGM)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Execution of Treasury Stock Purchases via Trust Contract
This disclosure details the board’s decision to authorize a KRW 50.0B trust agreement with Hyundai Motor Securities to acquire treasury shares. Tracking the actual progress of share purchases through the trustee during the contract period (July 22, 2024 – January 22, 2025) and verifying the subsequent completion or termination of the trust contract is essential to assess corporate action execution. Relevant details can be verified through subsequent corporate filings or regular business reports (quarterly, half-year, annual).
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Source: This content was structured and newly generated based on official filing data from the Financial Supervisory Service DART system.
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