29th Dec 2009 07:30
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange
Disclosure Date : December 28, 2009
Disclosure Title : Acquisition of Treasury Stock
1. Number of shares:
- 2,218,120 common shares
2. Expected acquisition amount:
- Total KRW 268,392,520,000*
* Number of shares X Closing price for the day before resolution date
3. Closing price for the day before resolution date:
- KRW 121,000 per common share (2009.12.24)
4. Expected period of acquisition:
- Within 3 months starting from 2009.12.29
5. Expected period of retention:
- Until distribution of stock to employees
(Within 3 months starting from 2009.12.29)
6. Purpose of acquisition:
- Grant of Bonus Stock to Employees
7. Acquisition method and securities firm commissioned:
- Purchase from the market via HMC Investment Securities
8. Status of treasury stock holdings before acquisition:
|
Type of Shares |
Number of Shares |
Percentage of Shares (%) |
Total Amount (KRW mil) |
|
Common |
11,001,350 |
5.0 |
644,300 |
|
Preferred |
2,950,960 |
4.5 |
73,900 |
|
Total |
13,952,310 |
4.9 |
718,200 |
* Total Amount is based on acquisition cost.
9. Limitation to number of shares that can legally be purchased in the market on a single day
- No more than 280,292 shares on a single day
*According to Korean regulation, the limit(D) is determined by following rule.
1) the larger of A and B
2) the smaller of A and C
|
Calculation |
Number of Shares |
|
A) 25% of average daily transaction during past 1 month |
280,292 |
|
B) 10% of shares to be acquired |
221,812 |
|
C) 1% of total number of shares issued |
2,202,764 |
|
D) Limit to share purchase during a single day |
280,292 |
10. Others
- The above "Expected acquisition amount" is subject to change depending on shift in market price.
Related Shares:
Hyundai Mtr.gdr