REG - Hyundai Motor Co - Resolution on Acquisition of Treasury Stock

Hyundai Motor CoAnnouncement

01/05/2018 24:40

2018-04-30T23:35:28.83Zreuters.comtag:reuters.com,2018-04-30:newsml_RSd5549Ma:13TXT
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RNS Number : 5549M
Hyundai Motor Company
30 April 2018
 

HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange
 
Disclosure title     :             Resolution on Acquisition of Treasury Stock
 
1. Number of shares to be acquired :             2,202,764 common shares    
                                                                       652,019 preferred shares 
 
2. Expected acquisition amount        :             KRW 344,732,566,000 common shares
                                                                        68,209,380,600 preferred shares
 
3. Expected period of acquisition     :             April 30 ~ July 27, 2018
 
4. Expected period of holding          :             -
 
5. Purpose of acquisition                 :             Retirement of Shares
 
6. Method of acquisition                  :             Market purchase
 
7. Security firm commissioned         :             HMC Investment Securities
 
8. Treasury stock holdings at the time of disclosure (prior to acquisition)
 




Type of shares


Number of shares


% of total shares issued




Common


13,222,514


6.0%




Preferred


3,602,979


5.5%




 
9. Date of board decision                :             April 27, 2018
* 5 external directors were present for the board decision.
 
10. Order limit per day                    :             220,276 common shares
                                                                       37,613 preferred shares
   
11. Notes
 
(No.1) Preferred shares include 251,099 shares of preferred 1, 376,138 shares of preferred 2, and 24,782 shares of preferred 3.
 
(No.2) The "Expected acquisition amount" has been calculated by multiplying the number of shares to be acquired by the closing price of common share the day before the board decision date. The amount is subject to change based on shift in share price. (Closing price of common share on April 26, 2018 : KRW 156,500, preferred share : KRW 99,000, preferred share 2 : KRW 109,500, preferred share 3 : KRW 87,300)
 
(No.4) Related to 'Expected period of holding' above, after acquisition of Treasury Stock, shares are to be retired.
 
(No.8) Preferred shares include 2,202,059 shares of preferred 1, 1,376,138 shares of preferred 2, and 24,782 shares of preferred 3.
 
(No.9) Audit committee consists of all External directors (All attended).
 
(No.10) Order limit per day for preferred shares is based on preferred 2.



This information is provided by RNS
The company news service from the London Stock Exchange
 
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