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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Elliott Discloses Shareholder Presentations on Hyundai Mobis and Hyundai Motor Company

March 4, 2019

HONG KONG--(BUSINESS WIRE)--Mar 3, 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190303005051/en/

CONTACT: Media ContactsSeoul

Kyle Kim

KorCom

+82-2-6925-1507

kihoon@korcom.comNew York

Stephen Spruiell

Elliott Management Corporation

+1 (212) 478-2017

sspruiell@elliottmgmt.com

KEYWORD: ASIA PACIFIC CHINA HONG KONG

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE PROFESSIONAL SERVICES FINANCE GENERAL AUTOMOTIVE

SOURCE: Elliott Advisors (HK) Limited

Copyright Business Wire 2019.

PUB: 03/03/2019 08:45 PM/DISC: 03/03/2019 08:45 PM

http://www.businesswire.com/news/home/20190303005051/en