Measures to Respond to Large-Scale Purchases Involving the Acquisition of 20% or More of Voting Rights
First written in FY2017-Q1. 2 of 4 entries say "Restated". Latest entry: FY2017.
- FY2017DroppedAnnual reportThe securities report contains no description of measures addressing large-scale purchases involving 20% or more of voting rights.
- FY2017-Q3RestatedAnnual report
「The purpose of these measures is to respond appropriately to a large-scale purchase of the company’s shares or other securities where the purpose is to raise the voting rights holding ratio of a specific shareholder group to 20% or more, or where that ratio reaches 20% or more as a result, if the purchase would have a material impact on the company’s corporate value, thereby securing or enhancing the company’s corporate value.」
The company continues to maintain takeover defenses covering holdings of 20% or more of voting rights. The stated effective period runs through the conclusion of the annual general meeting of shareholders scheduled for June 2017. - FY2017-Q2RestatedAnnual report
「The purpose of these measures is to respond appropriately to a large-scale purchase of the company’s shares or other securities where the purpose is to raise the voting rights holding ratio of a specific shareholder group to 20% or more, or where that ratio reaches 20% or more as a result, if the purchase would have a material impact on the company’s corporate value, thereby securing or enhancing the company’s corporate value.」
The company continues to maintain takeover defenses covering acquisitions of 20% or more of voting rights. The stated effective period runs through the conclusion of the annual general meeting of shareholders scheduled for June 2017. - FY2017-Q1First statedAnnual report
「The purpose of these measures is to respond appropriately to a large-scale purchase of the company’s shares or other securities where the purpose is to raise the voting rights holding ratio of a specific shareholder group to 20% or more, or where that ratio reaches 20% or more as a result, if the purchase would have a material impact on the company’s corporate value, thereby securing or enhancing the company’s corporate value.」
This applies to large-scale purchase transactions intended to acquire, or resulting in the acquisition of, 20% or more of voting rights, and sets out procedures for information provision, a review period, an independent committee and confirmation of shareholder intent. The effective period runs through the conclusion of the annual general meeting of shareholders scheduled for June 2017.