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Resolution on acquisition of treasury stock

2019.12.04 No. 901

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

259,606,741,500

Preferred

48,811,874,300


3. Expected period of acquisition :            December 5, 2019 ~ March 4, 2020

 

4. Expected period of holding      :            -

 

5. Purpose of acquisition              :            To enhance 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

10,954,627

5.1%

Preferred

2,956,430

4.7%

 

9. Date of board decision                           :            December 4, 2019

* 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 December 3, 2019 : KRW 121,500, preferred share 1 : KRW 72,000, preferred share 2 : KRW 81,000, preferred share 3 : KRW 70,900)

 

(No.4) Related to ‘Expected period of holding’ above, after acquisition of Treasury Stock, shares are to be held more than 6 months.

 

(No.8) Preferred shares include 1,943,427 shares of preferred 1, and 988,716 shares of preferred 2, 24,287 share 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. (Order limit per day for preferred 1 is 24,356, for preferred 3 is 2,428.)


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