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

Hyundai Motor CoAnnouncement

19/11/2021 07:00

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RNS Number : 9466S  Hyundai Motor Company  19 November 2021

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

 

Disclosure title   :            Resolution on Acquisition of
Treasury Stock

 

1. Number of shares to be acquired

 

 Type of Shares  Number of Shares
 Common          2,136,681
 Preferred       632,707

 

2. Expected acquisition amount

 

 Type of Shares  Acquisition Amount (in KRW)
 Common          442,292,967,000
 Preferred       62,253,250,700

3. Expected period of acquisition :            November 19, 2021 ~
February 18, 2022

 

4. Expected period of holding      :            -

 

5. Purpose of acquisition              :
Enhancement of Shareholder Value

 

6. Method of acquisition              :
Market purchase

 

7. Security firm commissioned     :            Hyundai Motor
Securities

 

8. Treasury stock holdings at the time of disclosure (prior to acquisition)

 

 Type of shares  Number of shares  % of total shares issued
 Common          12,766,233        6.0%
 Preferred       3,589,137         5.7%

 

9. Date of board decision
:            November 18, 2021

* 6 external directors were present for the board decision.

 

10. Order limit per day
:            213,668 common shares

 
36,485 preferred shares

 

11. Notes

 

(No.1) Preferred shares include 243,566 shares of preferred 1, 364,854 shares
of preferred 2, and 24,287

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 November 17, 2021 : KRW 207,000, preferred
share 1 : KRW 97,000,

preferred share 2 : KRW 99,700, preferred share 3 : KRW 92,700)

 

(No.4) Related to 'Expected period of holdings' above, after acquisition of
Treasury Stock, it would be more than 6 months.

 

(No.8) Preferred shares prior to acquisition are the sum of 2,186,993 shares
of preferred 1, 1,353,570 shares of preferred 2 and 48,574 shares of preferred
3.

 

(No.9) Audit committee consists of only independent directors (All attended).

 

(No.10) Order limit per day for preferred shares is based on preferred 2.
(Order limit per day for preferred 1

is 24,356, for preferred 3 is 2,428.)

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