12th Mar 2010 10:41
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange
Disclosure date : March 12, 2010
Disclosure title : Transaction with Major Shareholder
1. Shareholder : Chung Mong-koo
- Relationship to the Company : an affiliate person
2. Details of Transaction :
|
Date of Transaction |
Object of Transaction |
Transaction Amount |
|
March 12, 2010 |
786,576 common shares of Glovis Co., Ltd. |
KRW 77,163,000,000 |
3. BOD Decision :
|
Date of Decision |
Number of External Directors Present at the BOD Meeting |
Auditor Participation |
|
March 12, 2010 |
5 of 5 |
Yes |
4. Notes
A. The above transaction follows the court ruling in which the above shareholder was ordered to pay KRW 77.1 billion in damages and penalties to the Company as result of a lawsuit filed by shareholders.
B. The above transaction amount is rounded up to the nearest KRW million.
C. The auditor present at the BOD meeting is a member of the Audit Committee.
Related Shares:
Hyundai Mtr.gdr