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Photo = Hyundai Motor |
[Alpha Biz= Reporter Kim Jisun] Daishin Securities projected on the 28th that Hyundai Motor will retire more than 70% (over 3.5 trillion won) of its planned 5 trillion won treasury share purchases for the 2024-2027 period.
Hyundai Motor had announced the previous day through a regulatory filing its plan to buy back shares worth 1 trillion won, including 873.1 billion won in common shares, 47.6 billion won in preferred shares, 74.5 billion won in Series 2-B shares, and 4.7 billion won in Series 3 shares.
Researcher Kim Gwi-yeon commented, “All purchased treasury shares, except those allocated for employee performance compensation, are expected to be retired. This share buyback represents a long-awaited value-up momentum.
While the shareholder return policy outlined at the Capital Markets Day (CID) included a 4 trillion won treasury share purchase plan for 2025-2027, the market was somewhat disappointed by the lack of an upward revision for 2024. With this 1 trillion won buyback, the total treasury share purchase commitment for 2024-2027 effectively amounts to 5 trillion won.”
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
