Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hyundai Motor has resolved to acquire approximately KRW 1T worth of treasury shares (3,906,545 common shares and 759,323 preferred shares) through open-market purchases to enhance shareholder value and for stock-based compensation.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: Major Management Matters Report (Mandatory Exchange Disclosure – Decision on Treasury Share Acquisition)
- Target Number of Shares to Acquire:
- Common Stock: 3,906,545 shares
- Other Stock (Preferred Shares): 759,323 shares in total (292,308 1st preferred, 437,867 2nd preferred, and 29,148 3rd preferred shares)
- Estimated Total Acquisition Amount:
- Common Stock: KRW 873,112,807,500 (approx. KRW 873.1B)
- Other Stock: KRW 126,887,231,000 (approx. KRW 126.9B)
- Total Amount: KRW 1,000,000,038,500 (approx. KRW 1T)
- Expected Acquisition Period: 2024-11-28 ~ 2025-02-27
- Purpose of Acquisition: Enhancing shareholder value (approx. KRW 700B) and stock-based compensation (approx. KRW 300B)
- Acquisition Method: On-market purchase (Entrusted broker: Hyundai Motor Securities)
- Board Resolution Date: 2024-11-27 (7 Independent Directors attended, 0 absent)
- Daily Order Quantity Limit: Common stock 390,654 shares / 1st preferred 29,230 shares / 2nd preferred 43,786 shares / 3rd preferred 3,025 shares
- Pre-Acquisition Treasury Share Status (As of 2024-11-27): Common stock 3,506,065 shares (1.7%), Other stock 2,962,756 shares (4.8%)
- Commercial Code Distributable Profit Limit for Acquisition: KRW 48,435,951,099,460 (approx. KRW 48.44T)
(Note: The target number of shares and total acquisition amount are based on the closing prices of the trading day prior to the board resolution and are subject to change depending on market price fluctuations.)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Treasury Share Acquisition Execution and Subsequent Utilization Disclosures
This filing announces Hyundai Motor’s board decision to buy back approximately KRW 1T of treasury shares on the open market for shareholder value enhancement and stock compensation. Tracking whether the share repurchases are executed as planned during the designated period (2024-11-28 to 2025-02-27) and monitoring future board disclosures regarding the timing of treasury share utilization is important for confirming corporate execution. Progress and final details can be verified in future regulatory filings, such as the Treasury Share Acquisition Result Report and periodic annual reports.
📢 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.
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