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AVI submits shareholder proposals to Teikoku Sen-i

Released 10:27 29-Jan-2020

RNS Number : 3022B
Asset Value Investors Ltd
29 January 2020
 

 

 

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

 

Enquiries:

info@transformingteikoku.com


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AVI submits shareholder proposals to Teikoku Sen-i - RNS