Hokuriku Electric Industry Amends and Extends Share Acquisition Policy

TOKYO, May 12 (Pulse News Wire) – Hokuriku Electric Industry CO.,LTD. (6989.T) amended its share acquisition policy at a board meeting on May 12.

The revised policy requires shareholder approval at the upcoming annual general meeting scheduled for June 26, 2026. Key changes include allowing the independent committee to conditionally advise against certain actions without immediate shareholder consent. Under the updated measures, the company's independent committee can now recommend delaying or altering defensive actions based on evolving circumstances.

Additionally, the policy mandates that large-scale acquirers adhere to specific information-sharing protocols and timelines to ensure fair evaluation processes. The company’s board emphasized maintaining robust governance structures to protect shareholders' interests and uphold corporate value. Hokuriku Electric will seek shareholder endorsement for the continued implementation of these policies during the AGM set for June 26, 2026.