TOKYO, May 14 (Pulse News Wire) – Kondotec Inc. (7438.T) extended its share buyout defense plan until June 2029, contingent upon shareholder approval at its upcoming annual general meeting scheduled for June 24, 2026.
The revised plan includes stricter definitions for large-scale share acquisitions and limits countermeasures toissuance of subscription rights. Key changes involve ensuring independent committee recommendations respect shareholder opinions and prohibit monetary compensation for non-compliant shareholders' subscription rights.
The plan's duration remains three years, expiring at the conclusion of the 2029 annual general meeting. Kondotec emphasizes maintaining corporate value and shareholder interests through enhanced transparency and robust governance measures, including regular audits and active capital management strategies.
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