11th Mar 2011 08:19
RNS Number : 7751C
Hyundai Motor Company
11 March 2011
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange
Disclosure date : March 11, 2011
Disclosure title : Resolution of the Annual General Meeting of Shareholders'(AGM)
1. Approval of the financial statements of the 43rd business year :
(unit: million KRW)
Total assets | 41,067,680 | Sales | 36,769,426 |
Total liabilities | 13,720,878 | Operating income | 3,226,617 |
Capital stock | 1,488,993 | Net income | 5,266,971 |
Total shareholders’ Equity | 27,346,802 | *Earnings per share | KRW 19,409 |
2. Details of dividends:
1) Dividends per share :
Common shares KRW 1,500
Series 1 preferred shares KRW 1,550
Series 2 preferred shares KRW 1,600
Series 3 preferred shares KRW 1,550
2) Total cash dividends : KRW 412,227,000,000
3) Dividend ratio to market value : Common Shares 0.8%Series 1 preferred Shares 2.5%Series 2 preferred shares 2.4%Series 3 preferred shares 2.7
3. Current status of directors and audit committee (as of appointment date) :
1) Appointees :
- Internal Directors : total 2 persons
- External Directors : total 2 persons
2) Total number of registered directors after appointment : 9
3) Total number of external directors after appointment : 5
4) Percentage of external directors appointed: 55.6%
5) Total number of audit committee members after appointment: 4 (all members of the audit committee are external directors)
4. Other resolutions :
1) Agenda 1 - Approval of the Financial Statements of 43rd Business Year (From 01/01/2010 to 12/31/2010) as was originally proposed.
2) Agenda 2 - Approval of ‘Appointment of Directors’ as was originally proposed (Internal Directors : 2 persons / External Directors : 2 Persons)
3) Agenda 3 - Approval of ‘External Director who is an Audit Committee Member’ as was originally proposed (1 persons).
4) Agenda 4 – Approval of ‘Amendment to the Articles of Incorporation’ as was originally proposed
5) Agenda 5 – Approval of ‘Limit on Remuneration for Board of Directors’ as was originally proposed.
5. Date of AGM : March 11, 2011
6. Others :
- The total cash dividends amount in line 2-2) has been roundedup to nearest KRW million.
- Relevant Disclosure : Jan 27, 2011 “Calling of Annual General Meeting of Shareholders” / Feb 18, 2011 “Convening notice for the Annual General Meeting of shareholders for the 43rd fiscal year”
*Details on Appointment of Internal Directors
Name | DOB | Length ofTerm | Prior term? | Major Career | Current Title | Educational background | Nation-ality |
Mong-KooChung | Mar. 19, 1938 | 3 yrs | Yes | Chairmanof theKoreanStandardsAssocia-tion | Chairman of HMC | HanyangUniversity | Repub-licofKorea |
Eok-Jo Kim | Oct. 15, 1950 | 1 yr | No | Presidentof Hyundai MotorManufactur-ing Czech | President of HMC | SeoulNationalUniversity, Department of Industry Education | Repub-licofKorea |
*Details on Appointment of External Directors
Name | DOB | Length ofTerm | Prior term? | Major Career | Current Title | Educational background | Nation-ality |
Se-Bin Oh | Mar. 17,1950 | 3 yrs | No | Presidentof SeoulHigh Court | Lawyer,DonginLaw Group | Seoul National University, Master in Law | Repub-lic of Korea |
You-Jae Yi | Jul. 15,1960 | 2 yrs | No | Presidentof theKoreanMarketingAssocia-tion | Professor ofBusiness Administ-ration,SeoulNational Univer-sity | StanfordUniversity, BusinessAdminist-ration | Repub-lic of Korea |
*Details on Appointment of Audit Committee members
Name | DOB | Lengthof Term | Priorterm? | ExternalDirector | Major Career | Current Title | Educational background | National-ity |
Se-Bin Oh | Mar. 17,1950 | 3 yrs | No | Audit Committee Member &ExternalDirector | Presid-entof Seoul HighCourt | Lawyer, DonginLawGroup | Seoul NationalUniversity,Master in Law | Republic of Korea |
*Details on Amendment to Business Purpose of the Articles of Incorporation
Amendment | Contents | Purpose ofamendment |
1. Addition ofBusiness purpose | (29) To engage in development and sales of resources in overseas | To procurerelated natural resources formanagingdevelopment ofeco-friendlycars and others |
2. Deletion ofBusiness purpose | (25) To engage in irregular airtransportation and aircraft use businessand aircraft handling and maintenancebusiness (26) To sell aircraft and component parts thereof | Deletion ofBusiness Purpose |
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