21st Sep 2007 07:01
Hyundai Motor Company21 September 2007 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : September 20, 2007 Disclosure title: Resolution on Disposal of treasury stock 1. Number of shares expected to be disposed: - Common Share: 1,665,630 shares 2. Expected amount of Disposal: - Common Shares: KRW 118,259,730,000 3. Period for Disposal: From October 26, 2007 to October 31, 2007 4. Purpose of disposal: Grant of Stock Bonus to Employees 5. Status of treasury stock holdings before disposal: Type of shares Number of shares Percentage (%) Number of Direct Common shares 12,665,630 5.8Holdings Preferred shares 2,950,960 4.5 Number of Common shares 107,481 0.05IndirectHoldings by Preferred shares - -Trust contract 6. Date of board resolution: September 20, 2007 - attendance of outside directors : 3 out of 5 - attendance of auditors : present 7. Others - After the completion of acquisition of "Number of shares expectedto be disposed" (1,665,630 common shares) through the market,they will be granted to employees as a stock bonus by within theend of October 2007. - The "Expected amount of disposal" in #2 above, which isthe amount of shares in #1 above multiplied by the closingprice for September 19, 2007 (one day prior to the "Dateof board resolution" in #6 above), and may be subject tochange according to the actual purchase price. - The Number of Direct Holdings Common Shares in #5 above includes 1,665,630 shares expected for acquisition by within the end of October 2007. - The auditors in #7 above are the member of Audit Committee. - The stock bonus will be granted by method of input into each employee's individual stock trading account. - The above contents may be subject to change depending on the related laws and regulations, etc. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Hyundai Mtr.gdrHyundai M.gds O