Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hyundai Motor decided to dispose of 5,000 common treasury shares (valued at approximately KRW 1.26B) off-market for executive incentive payouts.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disposal Details & Amounts
- Number of Shares to be Disposed: 5,000 Common Shares (Other share classes: None)
- Target Price per Share: KRW 252,500 per common share (Based on closing price on April 24, 2024, subject to change based on market price fluctuations)
- Estimated Disposal Amount: KRW 1,262,500,000 (KRW 1.26B)
- Purpose & Method of Disposal
- Purpose of Disposal: Executive incentive payout
- Method of Disposal: Off-market disposal (Direct transfer to individual executive brokerage accounts)
- Planned Disposal Period: May 2, 2024 – May 31, 2024
- Entrusted Investment Broker: Hyundai Motor Securities
- Treasury Shares Held Prior to Disposal (As of April 25, 2024)
- Acquired within Dividend-Paying Profits Scope:
- Common Stock: 5,585,310 shares (2.7% ratio)
- Other Share Classes: 2,962,756 shares (4.8% ratio / Combined total of 1,945,862 Preferred, 992,364 2nd Preferred, and 24,530 3rd Preferred shares)
- Other Acquisitions: N/A
- Other Notes
- Decision Date: 2024-04-25 (7 Independent Directors attended, 0 absent)
- All Audit Committee members consist of independent directors.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Treasury Stock Disposal Execution
This disclosure outlines the decision to dispose of treasury stocks off-market to fund executive incentive payments. Checking whether the stock transfer is fully executed during the planned disposal period (May 2, 2024 – May 31, 2024) is important for confirming whether the transaction has been completed. Detailed follow-up information can be verified in future official disclosures or Periodic Reports.
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Source: This content was structured and generated based on official submission data from the Financial Supervisory Service DART system.
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