13th Nov 2008 09:38
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Stock Exchange
Disclosure date : November 13, 2008
Disclosure title: Termination of Trust Contract for Share
Repurchased
1. Details of trust contract :
- Other party of contact : Korea Investment Trust Management Co., Ltd.
- Amount of contract : KRW 5,000,000,000
- Contract Period : December 23, 1994 ~ November 19, 2008
2. Details of termination :
- Purpose of termination : Termination according to the
expiration of the contract period
- Number of shares disposed : 40,000 common shares
- Method of Return for Trust Assets : cash return
3. Details of treasury share ownership before termination of trust contract :
Direct Holdings (ratio) :
11,001,350 common shares (5.0%)
2,950,960 preferred shares (4.5%)
Indirect Holdings through trust contract etc.(ratio) :
70,391 common shares (0.03%)
Number and amount of trust contracts :
Number of trust contracts : 2
Total contract amount : KRW 14,857,000,000
4. Date of termination : November 19, 2008
5. Decision date (internal decision date) : November 13, 2008
6. Others:
According to article 84.3 of the Securities and Exchange Act, the above details are not agenda for BOD Board Meetingbecause the termination is made according to the contract expiration of a portion of the Trust funds that the company has engaged in.
The above details and procedures are subject to change in accordance with the related laws and regulations.
Related Shares:
Hyundai Mtr.gdr