REG - Hyundai Motor Co - Resolution of Year-end Dividend

Hyundai Motor CoAnnouncement

25/01/2024 09:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240125:nRSY9195Aa&default-theme=true

RNS Number : 9195A  Hyundai Motor Company  25 January 2024

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

 

 

 

Disclosure Title    :  Resolution of Year-end Dividend

 

1.    Category : Year-end Dividend

 

2.    Type : Cash Settlement

 

3.    Dividend per share(KRW):

- Common Share :  8,400

- Preferred Share :  8,500

 

4.    Dividend rate at market value(%):

- Common Share : 4.6

- Preferred Share : 7.7

 

5.    Total annual dividend amount: KRW 2,212,882,000,000

 

6.    Record date of dividend : February 29, 2024

 

7.    Expected date of dividend payment :  -

 

8.    Resolution of AGM : Yes

 

9.    Expected date for the AGM : -

 

10.  Resolution date of Board of Directors : January 25, 2024

- attendance of independent directors : 7

- attendance of auditors(non BOD member) : -

 

 

 

 

11.  Others :

- The above may be changed depending on the results of Annual General Meeting
of

Shareholders

- 2023 total dividend per share is KRW 11,400 (based on common share)

Quarterly dividend for Q2 : KRW 1,500

Quarterly dividend for Q3 : KRW 1,500

Year-end dividend : KRW 8,400

- The dividend information above for preferred share is based on type 2
preferred share :

                                Type 1 Preferred Share  Type 3 Preferred Share
 Dividend amount                8,450                   8,450
 Dividend rate at market value  7.8%                    7.8%

 

- The "Total annual dividend amount" in #5 is rounded up to KRW 1,000,000.

- Related to #7, #8 and #9, the "Expected date of AGM" is undecided and for
the

   "Expected date of dividend payment", payment will be made after &
within 1 month of

    the resolution date of Annual General Meeting of Shareholders.

- Hyundai Motor Company's audit committee members are all independent
directors.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DIVMZGZMLKMGDZG