OKAMOTO GLASS CO.,LTD. [7746.T]
TOKYO, May 29 (Pulse News Wire) – Okamoto Glass CO.,LTD. (7746.T) announced its board of directors has decided to continue its anti-takeover plan through the end of its upcoming annual shareholders' meeting scheduled for June 27, 2026.
The plan was originally introduced in 2007 and revised in 2008 based on shareholder approval. Under the plan, if a significant share acquisition occurs—such as acquiring more than 20% of outstanding shares—the company would issue free subscription warrants to existing shareholders.
The plan also requires potential acquirers to disclose detailed information about their intentions and financial status prior to making a bid. As of March 31, 2026, major shareholders held approximately 22% of the company's issued shares.
However, the company noted that future capital needs could lead to changes in stakeholder holdings, potentially increasing vulnerability to large-scale acquisitions.
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