Joint Exercise of Voting Rights by Certain Shareholders Opposing the Business Integration with Showa Shell
First written in FY2017-Q1. 7 of 11 entries say "Restated". Latest entry: FY2019.
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- FY2019ReframedAnnual report
「Agreement with the Company's major shareholders: Nissho Kosan Co., Ltd.; Idemitsu Masakazu (出光 正和). 1. Implementation of the share exchange between the Company and Showa Shell Sekiyu K.K. 2. Voting by the major shareholders in favour at the Company's shareholders' meeting, conditional on the matters agreed between the parties having been satisfied.」
The arrangement changed from the previous joint exercise of voting rights opposing the integration to an agreement with the major shareholders to vote in favour of the proposal to approve the share exchange subject to certain conditions, after which the share exchange took effect on 1 April 2019. - FY2019-Q2RestatedAnnual report
「If all of the following conditions are met, our major shareholders will exercise all voting rights attached to the shares they hold in favour of (1) the proposal to approve this share exchange and (2) proposals submitted by the Company concerning matters generally placed on the agenda of a shareholders' meeting in connection with a share exchange, at the Company's extraordinary general meeting of shareholders scheduled for 18 December 2018.」
The agreement with the major shareholders to vote in favour of the proposal to approve the share exchange and related proposals subject to certain conditions is reconfirmed, changing from the previous joint exercise of voting rights opposing the integration. - FY2019-Q1ReframedAnnual report
「If all of the following conditions are met, our major shareholders will exercise all voting rights attached to the shares they hold in favour of (1) the proposal to approve this share exchange and (2) proposals submitted by the Company concerning matters generally placed on the agenda of a shareholders' meeting in connection with a share exchange, at an extraordinary general meeting of shareholders of the Company to be held by 31 March 2019 (the “Extraordinary General Meeting”).」
The disclosure changed from the previous joint exercise of voting rights opposing the integration to an agreement with Nissho Kosan and Idemitsu Masakazu (出光 正和) to vote in favour of the proposal to approve the share exchange subject to certain conditions. - FY2018RestatedAnnual report
「A joint substantial shareholding report (amendment report) submitted on 18 December 2017 by 日章興産株式会社, Idemitsu Shosuke (出光昭介), Idemitsu Masakazu (出光正和), Idemitsu Masamichi (出光正道) and 宗像合同会社 states that the 5 parties agreed on 18 December 2017 to oppose and jointly exercise voting rights and other rights if a proposal seeking approval of the Company's planned future management integration with 昭和シェル石油株式会社 through a merger or other means is submitted at an annual or extraordinary shareholders' meeting.」
The joint exercise of voting rights by 5 parties opposing the integration and their 18.20% holding are restated. - FY2018-Q3ReframedAnnual report
「A joint substantial shareholding report (amendment report) submitted on 18 December 2017 by 日章興産株式会社, Idemitsu Shosuke (出光昭介), Idemitsu Masakazu (出光正和), Idemitsu Masamichi (出光正道) and 宗像合同会社 states that the 5 parties agreed on 18 December 2017 to oppose and jointly exercise voting rights and other rights if a proposal seeking approval of the Company's planned future management integration with 昭和シェル石油株式会社 through a merger or other means is submitted at an annual or extraordinary shareholders' meeting.」
The parties to the joint exercise of voting rights opposing the integration changed to 5, with aggregate holdings of 37,848,200 shares, representing 18.20% of total shares outstanding. - FY2018-Q2RestatedAnnual report
「The document states that 日章興産株式会社, Idemitsu Shosuke (出光昭介), Idemitsu Masakazu (出光正和) and Idemitsu Masamichi (出光正道) agreed on 1 August 2016 to oppose and jointly exercise voting rights and other rights in connection with an extraordinary shareholders' meeting concerning the Company's planned future management integration with 昭和シェル石油株式会社 through a merger or other means.」
The joint exercise of voting rights by 4 parties opposing the management integration with Showa Shell is restated, with the 4 parties' holdings stated at 16.29% of shares outstanding at the end of the quarter. - FY2018-Q1RestatedAnnual report
「The document states that 日章興産株式会社, Idemitsu Shosuke (出光昭介), Idemitsu Masakazu (出光正和) and Idemitsu Masamichi (出光正道) agreed on 1 August 2016 to oppose and jointly exercise voting rights and other rights in connection with an extraordinary shareholders' meeting concerning the Company's planned future management integration with 昭和シェル石油株式会社 through a merger or other means.」
The joint exercise of voting rights by 4 parties opposing the management integration with Showa Shell and their aggregate 21.18% holding are restated. - FY2017RestatedAnnual report
「The document states that 日章興産株式会社, Idemitsu Shosuke (出光昭介), Idemitsu Masakazu (出光正和) and Idemitsu Masamichi (出光正道) agreed on 1 August 2016 to oppose and jointly exercise voting rights and other rights in connection with an extraordinary shareholders' meeting concerning the Company's planned future management integration with 昭和シェル石油株式会社 through a merger or other means.」
The joint exercise of voting rights by 4 parties opposing the integration and their aggregate 21.18% holding are also stated in the annual report. - FY2017-Q3RestatedAnnual report
「The document states that 日章興産株式会社, Idemitsu Shosuke (出光昭介), Idemitsu Masakazu (出光正和) and Idemitsu Masamichi (出光正道) agreed on 1 August 2016 to oppose and jointly exercise voting rights and other rights in connection with an extraordinary shareholders' meeting concerning the Company's planned future management integration with 昭和シェル石油株式会社 through a merger or other means.」
The joint exercise of voting rights by 4 parties opposing the management integration with Showa Shell and their aggregate 21.18% holding are restated. - FY2017-Q2RestatedAnnual report
「The document states that 日章興産株式会社, Idemitsu Shosuke (出光昭介), Idemitsu Masakazu (出光正和) and Idemitsu Masamichi (出光正道) agreed on 1 August 2016 to oppose and jointly exercise voting rights and other rights in connection with an extraordinary shareholders' meeting concerning the Company's planned future management integration with 昭和シェル石油株式会社 through a merger or other means.」
The joint exercise of voting rights by 4 parties opposing the management integration with Showa Shell and their aggregate 21.18% holding are restated. - FY2017-Q1First statedAnnual report
「The document states that 日章興産株式会社, Idemitsu Shosuke (出光昭介), Idemitsu Masakazu (出光正和) and Idemitsu Masamichi (出光正道) agreed on 1 August 2016 to oppose and jointly exercise voting rights and other rights in connection with an extraordinary shareholders' meeting concerning the Company's planned future management integration with 昭和シェル石油株式会社 through a merger or other means.」
This disclosure was made in an amended Large Shareholding Report, which states that the combined shareholdings of the 4 parties represented 21.18% of the total number of issued common shares.