4th Jan 2016 09:47
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange
Disclosure title : Resolution on Disposal of Treasury Stock
1. Number of shares to be disposed : 1,256,300 common shares
2. Expected disposal share price : KRW 149,000
3. Expected disposal amount : KRW 187,188,700,000
4. Expected Disposal period : February 5 ~ February 5, 2016
5. Purpose of disposal : Grant of bonus stock to employees
6. Method of disposal : Off-board transactions
7. Security firm commissioned : HMC Investment Securities
8. Treasury stock holdings before the disposal
Type of shares | Number of shares | % of total shares issued |
Common | 14,465,774 | 6.6% |
Preferred | 3,602,979 | 5.5% |
9. Date of board decision : January 4, 2016
* 5 of 5 external directors were present for the board decision.
10. Order limit per day : N/A
11. Notes
a. This disposal will take place after acquiring treasury stock for the purpose of granting stock bonus to employees. Number of shares and amount may change depending on number of employees and closing price at the date of disposal.
b. The "Expected disposal amount" has been calculated by multiplying the number of shares to be disposed by the closing price of common share the day before the board decision date. The amount is subject to change based on shift in share price. (Closing price of common share on December 30, 2015 : KRW 149,000)
c. Shares will be disposed by depositing the shares directly into each employee's individual stock trading account.
Related Shares:
Hyundai Mtr.gdr