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Acquisition of treasury stock

12th Nov 2014 07:00

RNS Number : 7797W
Hyundai Motor Company
12 November 2014
 



 

 

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

 

 

Disclosure Title : Acquisition of Treasury Stock

 

1. Expected acquisition number of shares:

- Common Share: 2,202,764 / Other shares: 652,019

 

2. Expected acquisition amount:

- Common share: KRW 366,760,206,000

- Other shares: KRW 82,308,058,500

 

3. Expected period of acquisition:

- Start date: 2014.11.12

- End Date: 2015.02.11

 

4. Expected period of retention:

- N/A

 

5. Purpose of acquisition:

- Enhancing values of shareholders via stabilizing share price

 

6. Acquisition Method

- Purchase from the market

 

7. Securities firm commissioned:

- HMC Investment Securities

 

8. Status of treasury stock holdings before acquisition:

Type of

Share

Number of

Shares

Percentage of

Shares (%)

Common

11,006,710

5.00

Others

2,950,960

4.53

 

 

 

 

 

9. Date of BOD Resolution: 2014.11.11

- Attendance of Outside Directors: 5 out of 5

 

10. Limitation to number of shares that can legally be ordered in the market on a single day

- Common Share: 278,571

- Other Shares: 55,494

 

11. Others

- The above "Expected acquisition amount" is subject to change depending on shift in market price.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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