Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hyundai Motor has decided to cancel 2,115,315 common shares and 626,381 preferred shares of treasury stock (total book value of approx. KRW 312.26B) on March 27, 2024.
📊 [Key Disclosure Content & Financial Highlights]
1. Type and Number of Shares to be Cancelled
- Common Stock: 2,115,315 shares (total issued common shares: 211,531,506)
- Preferred Stock: 626,381 shares (total issued preferred shares: 62,638,164)
- 1st Preferred Stock: 241,131 shares
- 2nd Preferred Stock: 361,206 shares
- 3rd Preferred Stock: 24,044 shares
2. Details of Cancellation
- Par Value per Share: KRW 5,000
- Estimated Total Cancellation Amount: KRW 312.26B (KRW 312,257,571,968) ※ Based on book value (average acquisition cost multiplied by number of shares) as of the board resolution date
- Method of Share Acquisition: Previously acquired treasury stock (no additional acquisition period)
- Scheduled Cancellation Date: March 27, 2024
3. Board Resolution & Capital Impact
- Board Resolution Date: March 21, 2024 (7 Outside Directors attended, 0 absent)
- Impact on Stated Capital: As the shares are cancelled within the limit of profits available for dividend distribution, only the total number of issued shares will decrease with no reduction in stated capital (pursuant to Article 343, Paragraph 1 of the Commercial Code)
- Background: Execution of treasury stock cancellation in accordance with the mid-to-long-term shareholder return policy disclosed on April 25, 2023
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Total Issued Shares Following Cancellation Completion
Verifying whether the share cancellation process is completed according to the schedule and confirming the resulting reduction in the total number of issued shares is important for determining the final execution of the cancellation and the remaining share count. The updated share count following the cancellation can be confirmed in future quarterly, half-year, or annual reports and other official disclosures.
📢 Disclaimer & Source Notice
Source: This content has been newly structured and created based on officially submitted data from the Financial Supervisory Service’s DART system.
Investment Risk Warning: This content is provided strictly for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any specific stock. All investment decisions and financial liabilities rest entirely with the individual investor.
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