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Elliott Discloses Shareholder Presentations on Hyundai Mobis and Hyundai Motor Company

Presentations urge all shareholders to vote for new directors, special dividend at the companies’ Annual General Meetings on March 22, 2019
Full presentations available at http://www.acceleratehyundai.com

News provided by Elliott Advisors (HK) Limited
March 04, 2019 19:25

HONG KONG--(Business Wire / Korea Newswire) March 04, 2019 -- Elliott Advisors (HK) Limited, which advises various Elliott-affiliated funds (together “Elliott”), today publicly issued presentations to all shareholders of Hyundai Mobis Co., Ltd. (“Mobis” 012330:KS) and Hyundai Motor Company (“HMC” 005380:KS).

In the presentations, Elliott urged all Mobis and HMC shareholders to vote for the shareholder resolutions that it has put forward for consideration at the companies’ Annual General Meetings on March 22, 2019. These resolutions are designed both to transform governance at Mobis and HMC and to right-size the companies’ over-capitalized balance sheets.

Both presentations can be found at: http://www.acceleratehyundai.com.

About Elliott

Elliott Management Corporation manages two multi-strategy funds which combined have more than $34 billion of assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds of its kind under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, and employees of the firm. Elliott Advisors (HK) Limited is an affiliate of Elliott Management Corporation. With a strong understanding of the Korean market and corporate structures, Elliott has a history of successfully enhancing shareholder value in Korea.

Contact

Seoul
Kyle Kim
KorCom
+82-2-6925-1507
kihoon@korcom.com

New York
Stephen Spruiell
Elliott Management Corporation
+1 (212) 478-2017
sspruiell@elliottmgmt.com

This is a news release distributed by Korea Newswire on behalf of this company . Learn more

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