TOKYO, Dec 17 (Bernama-BUSINESS WIRE) — Effissimo Capital Management Pte Ltd (hereinafter referred to as “we”) today requested that Toshiba Corporation (hereinafter referred to as “Toshiba”) call an Extraordinary General Meeting of Shareholders to ‘elect a person who will be charged to investigate the status of the operations and property of the Stock Company’ as set forth in Article 316, Paragraph 2 of the Companies Act. The specific aim is to investigate whether the 181st Ordinary General Meeting of Shareholders held on July 31, 2020 (hereinafter referred to as “the 181st AGM”) was conducted in a fair and impartial manner.
Please refer to the Exhibit for the details of the resolutions proposed at the Extraordinary General Meeting of Shareholders and the reasons behind the proposal.
It remains to be opaque whether the 181st AGM was conducted in a fair and impartial manner, and this situation has not been rectified. The fair and impartial operation of the general meeting of shareholders is the foundation of the joint-stock corporation system. In order to safeguard the transparency that secures the fair and impartial operation of such meeting, we believe that it is necessary to bring to broad daylight the actual state of the 181st AGM through an investigation conducted by independent investigators.
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