Keio Corporation withdraws shelf registration after abolishing takeover defenses
Keio Corporation (TSE:9008) announced the withdrawal of its shelf registration of stock acquisition rights, effective today, June 27, 2025. This decision follows the company's May 23, 2025 announcement to discontinue its countermeasures against large-scale acquisitions of company shares—commonly known as takeover defense measures. The discontinuation and subsequent withdrawal were approved at the 104th Ordinary General Shareholders' Meeting. The shelf registration, initially planned to be effective for one year from July 9, 2024, to July 8, 2025, involved share subscription rights allocated to shareholders, with a projected issue amount of JPY158,023,000. This amount represents the sum to be paid upon the exercise of the share acquisition rights. The withdrawal marks a shift in Keio Corporation's approach to corporate governance and defense strategies.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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