Notices View

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure Title : Retirement of Shares 

1. Total number of shares to be retired : 4,658,425 Common shares

                                                                        1,379,441 Preferred shares

2. Total number of shares issued : 209,416,191 Common shares

                                                             62,011,783 Preferred shares

3. The par value of the share : KRW 5,000 

4. Expected retirement amount : KRW 916,014,955,741

5. Scheduled period of share acquisition for retirement : -

6. Method of acquisition of shares for retirement : Retained treasury shares 

7. Scheduled date of share retirement : April 30, 2025

8. Securities firms commissioned : - 

9. Date of Board decision : April 24, 2025

* 7 independent directors were present for the Board decision.

10. Notes

a. This decision on retirement of shares is based on the Company’s mid- to long-term 

shareholder return policy announced on April 25, 2023, and resolution on acquisition of treasury shares for shareholder return announced on November 27, 2024.

b. Treasury shares are acquired using retained earnings. Therefore, paid-in capital is unchanged.

c. Legal basis : Korean Commercial code article 343, Section 1

d. (No.1) Preferred shares include 531,028 shares of preferred shares, 795,461 shares of second preferred shares, and 52,952 shares of third preferred shares. 

e. (No.4) The “Expected retirement amount” has been calculated by multiplying the number of shares to be retired by the average acquisition price of the shares.

f. (No.7) Scheduled date of share retirement is subject to change.

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