Framework for Advance Information Provision, Independent Committee Review and Countermeasures Relating to Large-Scale Purchases
First written in FY2016-Q3. 1 of 2 entries say "Dropped", first in FY2016. Latest entry: FY2016.
40 other companies' latest entry also says "Dropped".
- FY2016DroppedAnnual report
「The validity period of the Plan expired at the conclusion of the Company's Ordinary General Meeting of Shareholders held on 29 November 2016.」
The validity period of the Plan, including information provision by parties acquiring 20% or more, an independent committee and countermeasures, expires at the conclusion of the Ordinary General Meeting of Shareholders. - FY2016-Q3First statedAnnual report
「The Plan establishes the procedures necessary to achieve the above objectives, including requiring a party seeking to acquire 20% or more of the Company's shares or other securities to provide information in advance. Under the procedures set out in the Plan, the purchaser may not commence a large-scale purchase or similar transaction involving the Company's shares or other securities until the Company's Board of Directors has resolved whether to implement the countermeasures provided for under the Plan.」
The Company describes takeover defence measures requiring parties acquiring 20% or more to provide information in advance, followed by a decision by the Board of Directors on whether to implement countermeasures after the independent committee's review. The validity period was to end at the conclusion of the Ordinary General Meeting of Shareholders relating to the last fiscal year ending within 3 years after the 21st Ordinary General Meeting of Shareholders.