Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hyundai Motor has resolved to dispose of 2,074,380 common treasury shares worth approximately KRW 523.78B over-the-counter to distribute company shares to employees in accordance with the 2024 collective bargaining agreement.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: Major Management Matters Report (Mandatory Exchange Disclosure – Decision on Disposal of Treasury Stock)
- Number of Shares to Dispose: 2,074,380 Common Shares (Other shares: N/A)
- Disposal Price per Share: KRW 252,500 per Common Share (Based on closing price on August 21, 2024, the day prior to board resolution)
- Estimated Disposal Amount: KRW 523,780,950,000 (approx. KRW 523.78B, subject to change based on stock price and employee count fluctuations)
- Expected Disposal Period: 2024-09-30 (Start and end dates identical)
- Purpose of Disposal: Distribution of company shares pursuant to 2024 collective bargaining agreement
- Method of Disposal: Over-the-counter (Deposit into individual employee brokerage accounts, or contribution to Employee Stock Ownership Association with a 4-year mandatory lock-up if selected by employees)
- Broker: Hyundai Motor Securities
- Treasury Stock Holdings Prior to Disposal (As of 2024-08-22):
- Common Stock: 5,580,310 shares (2.7%)
- Other Shares (Total Preferred / 2nd Preferred / 3rd Preferred): 2,962,756 shares (4.8%)
- Board Resolution Date: 2024-08-22 (7 Independent Directors attended, 0 absent)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Treasury Stock Disposal Execution and Potential Metric Variations
This filing announces Hyundai Motor’s board decision to dispose of treasury stock to fulfill the terms of its 2024 collective bargaining agreement. Monitoring whether the share deposit and disposal process proceeds as scheduled on the expected disposal date (2024-09-30) and checking for any adjustments in the final number of shares or total amount due to workforce or stock price changes is important for confirming corporate transaction execution. Final execution details can be verified in subsequent Treasury Stock Disposal Result Reports or future periodic filings.
📢 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.
