Effissimo Capital Management requests Toshiba Extraordinary General Meeting of Shareholders

KUALA LUMPUR, Dec 17 -- Effissimo Capital Management Pte Ltd has requested Toshiba Corporation (Toshiba) call an Extraordinary General Meeting of Shareholders.

This is 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, according to a statement.

The specific aim is to investigate whether the 181st Ordinary General Meeting of Shareholders held on July 31, 2020 (the 181st AGM) was conducted in a fair and impartial manner. In order to investigate whether the 181st AGM at Toshiba was conducted in a fair and impartial manner (including the lawfulness and fairness of the resolutions thereat), Yoji Maeda, Takashi Kizaki and Takao Nakamura shall be elected as 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 (investigators). All candidates have sufficient expertise and experience as attorneys at law, who are believed to be able to engage in efforts to unravel the actual situation in a fair and objective manner as investigators. Effissimo Capital Management Pte Ltd kindly asks fellow shareholders of Toshiba to understand the significance of this proposal, which is to protect the most fundamental and important right of shareholders.

-- BERNAMA