4th Mar 2011 12:02
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange
Disclosure date : March 4, 2011
Disclosure title : Transaction with Major Shareholder
1. Shareholder : Chung Mong-koo
- Relationship to Company : an affiliate person
2. Details of Transaction :
Date of Transaction | Object of Transaction | Amount of Transaction |
March 4, 2011 | 636,784 common shares of Glovis Co., Ltd. | KRW 86,602,624,000 |
3. BOD Decision :
Date of Decision | Number of External Directors Present at the BOD Meeting | Auditor Participation |
March 4, 2011 | 4 of 4 | Yes |
4. Notes
A. The above transaction follows the court ruling in which Chairman Chung was ordered to pay penalty in damages to the Company as result of a lawsuit filed by shareholders.
B. The above transaction amount is based on closing price of March 4th, 2011.
C. The auditor present at the BOD meeting is a member of the Audit Committee.
Related Shares:
Hyundai Mtr.gdr