Strategic Capital, Inc sent a letter to shareholders of TEIKOKU ELECTRIC MFG CO .,LTD. (TSE Code 6333) for the up-coming annual general meeting of shareholders in June, 2017. The purpose of the letter is to inform shareholders of our proposals. Expecting the shareholders will approve our proposals, we inform the shareholders of the confirmation of receipt by the company and publically make the announcement.
Strategic Capital, Inc. is under a discretionary investment contract with INTERTRUST TRUSTEES (CAYMAN) LIMITED SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP (hereinafter referred to as the “Fund”) which holds 5.03% (sum of accounts represented by multiple standing proxies) of the outstanding share of TEIKOKU ELECTRIC MFG CO., LTD(hereinafter referred to as “TEIKOKU “).
Strategic Capital, Inc is pleased to announce that, on April 25, 2017, the Fund notified TEIKOKU of its execution of the shareholders’ right to make a proposal at the annual shareholder meeting to be held in June, 2017 and confirmed that, on April 26, 2017, TEIKOKU received the documents of the proposal.
A brief detail of the proposal of the Fund is as followings.
