1. Cancellation Details
- Number of person canceling grant : 4 person
- Type and number of cancelled shares:
6,650 shares of registered common stock
2. Details of Cancelled Shares :
- Date of Grant: February 14, 2003
- Exercise Period : February 14, 2006 ~ February 13, 2011
- Exercise Price : KRW 26,800
3. Status of stock options granted after cancellation :
- Number of Grant : 112 persons
- Number of shares : 1,235,904 shares of registered common stock
4. Reason for cancellation of grant : Voluntary retirement
- Basis for cancellation : Article 84 section 6.8 of the securities and exchange law and article 7 section 3.7 of the articles of incorporation of Hyundai Motor Company.
5. Date of Board Resolution : January 26, 2006
- Attendance of Outside Directors : 3 out of 4
- Attendance of auditors(who are not Ouside Directors): -
* Hyundai Motor Company’s audit committee members are all ouside directors (3 out of 3 were present)
6. Persons canceling stock option / number of common shares :
| |
Relationship with company |
Cancelled shares |
Remarks |
Common shares |
Prefered shares |
Johng Sik Choi |
Unregistered officer |
854 |
- |
resignation |
Jong Ryul Shin |
Unregistered officer |
754 |
- |
resignation |
Choong Yong Kim |
Unregistered officer |
3,781 |
- |
resignation |
Bok Kil Cheon |
Unregistered officer |
1,261 |
- |
resignation |
Total |
- |
6,650 |
- |
resignation |
