Proxy Solicitation Reference Document
AI summary · Not investment advice
Hyundai Mobis solicits proxies for its Nov 24, 2026 extraordinary meeting to approve the physical spin-off of its lamp business.
Commentary
AI commentary · Not investment advice
What happened
Hyundai Mobis will hold an extraordinary general meeting at 9 a.m. on 2026.11.24 to approve a physical spin-off of its lamp business unit. It is soliciting proxies from 2026.11.02 to 2026.11.24. Electronic voting runs from 9 a.m. on Saturday, November 14, 2026 to 5 p.m. on Monday, November 23. The spin-off date is 2027.04.01.
In the company's terms
The new spin-off company will have 752,026 shares outstanding and total assets of KRW 541.5 billion. The materials show 0.8% relative to market capitalization and 0.8% relative to shares outstanding.
What changes for shareholders
Shareholders who object can exercise appraisal rights from November 24, 2026 to December 14, 2026. The limit on share purchase payments at which the spin-off can be withdrawn is KRW 230.0 billion.
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