HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange
Disclosure title : Resolution on Acquisition of Treasury Stock
1. Number of shares to be acquired
| Type of Shares | Number of Shares |
| Common | 3,906,545 |
| Preferred | 759,323 |
2. Expected acquisition amount
| Type of Shares | Acquisition Amount (in KRW) |
| Common | 873,112,807,500 |
| Preferred | 126,887,231,000 |
3. Expected period of acquisition : November 28, 2024 ~ February 27, 2025
4. Expected period of holding : -
5. Purpose of acquisition : Enhancement of Shareholder Value, etc.
6. Method of acquisition : Market purchase
7. Security firm commissioned : Hyundai Motor Securities
8. Treasury stock holdings at the time of disclosure (prior to acquisition)
| Type of shares | Number of shares | % of total shares issued |
| Common | 3,506,065 | 1.7% |
| Preferred | 2,962,756 | 4.8% |
9. Date of board decision : November 27, 2024
* 7 independent directors were present for the board decision.
10. Order limit per day : 390,654 common shares
43,786 preferred shares
11. Notes
(No.1) Preferred shares include 292,308 shares of preferred share, 437,867 shares of second
preferred share, and 29,148 shares of third preferred shares.
The number of shares to be acquired is based on closing price of a day prior to the resolution.
(KRW 223,500 for common share, KRW 162,900 for preferred share, KRW 170,200
for second preferred share and KRW 162,800 for third preferred share on November 26, 2024)
(No.2) Treasury stock will be acquired based on the 'expected acquisition amount' and
the number of shares to be acquired and the acquisition amount may change depending on
stock price.
(No.4 & 5) Treasury stock will be acquired according to the resolution of the board meeting
held on November 27, 2024, and around KRW 700 billion of acquisition amount is to enhance
shareholder value and the remaining is for employee compensation, etc (Total amount is KRW
1 trillion). The timing for utilization of treasury stock will be disclosed once it is decided at the
board meeting.
(No.8) Preferred shares prior to acquisition are the sum of 1,945,862 shares of preferred share,
992,364 shares of second preferred share and 24,530 shares of third preferred share.
(No.9) Audit committee consists of only independent directors.
(No.10) Order limit per day for preferred shares is based on second preferred share.
(Order limit per day for preferred share is 29,230, for third preferred share is 3,025.)
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