Sumitomo Mitsui Construction sets record date for potential shareholder meeting

Sumitomo Mitsui Construction Co., Ltd. announced a record date of September 30, 2025, for shareholders to be eligible to vote at a special extraordinary general meeting planned for mid-November 2025. This decision, approved by the board of directors on September 11, 2025, precedes a public announcement of the record date on September 12, 2025. The meeting's convocation is contingent on the outcome of a tender offer by INFRONEER Holdings Inc., as previously disclosed on August 5, 2025.

The extraordinary meeting would address critical actions if INFRONEER Holdings Inc. fails to acquire all Sumitomo Mitsui Construction shares through its tender offer. If INFRONEER acquires less than 90% of voting rights, the meeting would consider a share consolidation and a partial amendment to the articles of incorporation. Conversely, if INFRONEER achieves 90% or more voting rights, it intends to proceed with a demand for share cash-out, negating the need for the extraordinary meeting or the use of the announced record date.

Further details regarding the meeting's date, location, and agenda items will be disclosed as soon as they are determined. The company confirmed that the record date is a preparatory measure, and the meeting will not be held if the tender offer does not complete successfully or if the cash-out demand is made.