Palliser Capital Notes the Voting Result at Keisei Electric Railway AGM
27 June 2024 - 5:40PM
Business Wire
Palliser Capital (“Palliser”), the sixth largest shareholder of
Keisei Electric Railway Co., Ltd. (9009 JT) (“Keisei” or the
“Company”) with a stake of 1.98%, acknowledges the vote on its
proposal for Keisei at the Company’s 181st Annual General Meeting
of Shareholders ("AGM") on June 27, 2024.
While disappointing that Palliser’s TSE-aligned proposal did not
meet the challenging two-thirds threshold at the AGM, Palliser is
pleased to have achieved its principal objective of securing a
platform for shareholders to express views to Management on
critical capital allocation issues. Palliser is grateful to all
shareholders and other market participants, including the leading
international proxy advisors, ISS and Glass Lewis, who supported
the proposal, and looks forward to the publication of the AGM
voting data shortly and continuing its engagement with the Company
in the meantime.
For inquiries regarding Palliser’s proposals for Keisei, contact
Keisei100@pallisercap.com.
About Palliser Capital
Palliser Capital is a global multi-strategy fund. Our
value-oriented investment philosophy is applied to a broad range of
opportunities throughout the capital structure with a focus on
situations where positive change and value enhancement can be
achieved through thoughtful, constructive and long-term engagement
with companies and across a range of different stakeholder groups.
Palliser is the sixth largest Keisei shareholder with a stake of
1.98%. All available materials concerning Palliser’s ongoing
engagement with Keisei can be found at:
www.keisei100.com/.
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Media Contact Prosek Partners Brian Schaffer / Kiki O’Keeffe
Pro-PalliserKER@Prosek.com