21st Sep 2009 10:35
RNS Number : 3747Z
Hyundai Motor Company
21 September 2009
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange
Disclosure date : September 21, 2009
Disclosure title: Disposal of Shares through Termination of Trust Contract
1. Details of trust contract :
- Contract party : Prudential Investment & Securities, Co. Ltd.
- Amount of contract : KRW 9,857,000,000
- Contract Period : August 29, 1997 ~ September 25, 2009
2. Details of termination :
- Reason for termination : Expiration of Contract Term
- Number of shares disposed : 30,391 common shares
3. Details of treasury share ownership before termination of trust contract :
- Direct Holdings ratio :
a) 11,001,350 common shares (5.0%)
b) 2,950,960 preferred shares (4.5%)
- Indirect Holdings through trust contract etc. :
a) 30,391 common shares (0.01%)
4. Expected date of termination : September 25, 2009
5. Decision date (internal decision) : September 21, 2009
6. Others:
- According to Article 176.2 of the Enforcement Decree of the Financial Investment Services and Capital Market Act, the above matter is not agenda for decision by the BOD because the termination will occur as result of contract expiration.
This information is provided by RNS
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