Hyundai Motor : Inside Information / Ad Hoc Information Retirement of Shares
March 21, 2024 at 12:50 pm EDT
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HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange
Disclosure Title : Retirement of Shares
Total number of shares to be retired : 2,115,315 Common shares 626,381 Preferred shares
Total number of shares issued : 211,531,506 Common shares 62,638,164 Preferred shares
The par value of the share : KRW 5,000
Expected retirement amount : KRW 312,257,571,968
Scheduled period of share acquisition for retirement : -
Method of acquisition of shares for retirement : Retained treasury shares
Scheduled date of share retirement : March 27, 2024
Securities firms commissioned : -
Date of Board decision : March 21, 2024
7 independent directors were present for the Board decision.
Notes
a. This decision of retirement of shares is based on the Company's mid- to long-term shareholder return policy which was announced on April 25, 2023.
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 241,131 shares of Type 1 preferred shares, 361,206 shares of Type 2 preferred shares, and 24,044 shares of Type 3 preferred shares.
e. 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).
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Hyundai Motor Co is a Korea-based company principally engaged in the manufacture and distribution of automobiles. The Company operates its business through three segments. The Automobile segment manufactures and sells automobiles including large commercial vehicles, small commercial vehicles, passenger cars, recreational vehicles (RVs), among others; and eco-friendly vehicles such as hybrid electric vehicles (HEVs), electric vehicle (EVs) and Plug-in hybrid vehicles (PHEVs). The segment also provides automotive maintenance services and related parts. The Financial segment provides financial services including installment financing, lease, credit cards. The Other segment is engaged in the manufacture of railway vehicles and systems, as well as the provision of the train maintenance services. The Company is also developing autonomous driving software.
HYUNDAI MOTOR COMPANY 
