Mizuho Financial Group,Inc. [8411.T]
TOKYO, May 28 (Pulse News Wire) – Mizuho Financial Group,inc. (8411.T) announced today that it has received a withdrawal notice from shareholders regarding a proposal submitted earlier.
The proposal, which was related to changes in the company's articles of incorporation concerning Orient Corporation’s linked risks, was withdrawn due to significant changes in Mizuho Bank's shareholding ratio in Orient Corporation. On May 15, Mizuho had disclosed its board's opinion on the shareholder proposal scheduled for discussion at the upcoming 24th regular general meeting of shareholders set for June 26. However, the proposing shareholders withdrew their proposal via a letter dated May 27. The board agreed to the withdrawal during a meeting held today and revised the agenda accordingly.
The withdrawal notice cited a recent decline in Mizuhobank's stake in Orient Corporation as reported by Orient Corporation on May 15. As a result, the premise of the original proposal was deemed significantly altered, prompting the decision to withdraw it. Despite the withdrawal, Mizuho noted that the official notices for the annual meeting posted on May 28 do not reflect this update. Shareholders are advised to focus on the remaining proposals, particularly the nomination of 14 directors outlined in the first item of the agenda.
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