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29 January 2020
Asset Value Investors Ltd
Asset Value Investors (AVI) has submitted shareholder proposals to Teikoku Sen-i (3302)
Asset Value Investors ("AVI"), which manages funds that collectively own approximately 5.2% of the outstanding shares of Teikoku Sen-i ("Teikoku") (TSE ticker 3302), announces that it has submitted two shareholder proposals to Teikoku.
The two modest proposals seek an increase in this year's dividend from ¥40/share to 76/share and a ¥2bn share buyback (approximately 3% of outstanding shares). AVI calls on Teikoku's "Group Shareholders" to stop voting passively with management and to vote in the interests of all shareholders and best governance practices.
A copy of the proposals can be found at www.transformingteikoku.com
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