Hyundai Motor will cancel 1,291,274 common shares and 1,214,332 preferred shares on August 31, drawn from treasury stock it already held rather than bought for the purpose. The preferred block breaks down as 501,923 first preferred, 706,883 second preferred and 5,526 third preferred. Against 204,757,766 common and 60,632,342 preferred shares outstanding, that retires 0.63% of the common and 2.00% of the preferred, worth roughly 1% of an ₩82.0tn market capitalisation. The filing gives two amounts for the same act: ₩789.1bn using the August 25 closing price, and ₩476.4bn at the average cost the shares were originally acquired for. The board describes it as execution of a previously announced shareholder return policy. Six outside directors attended and one was absent.