Key Details:
- Shareholders have increased the authorized shares to 2.7 billion.
- New governance rules allow virtual-only shareholder meetings and the creation of Class A and Class B shares.
Metaplanet Inc (3350) saw its shares rise over 2.5%, reaching 853 yen following approval of significant amendments at an extraordinary general meeting on September 1. Shareholders approved measures to enhance its operational and governance flexibility.
Detailed Proposals:
- Increased Share Limit: The first amendment raises the upper limit of authorized shares to 2.7 billion, facilitating easier capital raising in the future.
- Virtual Meetings: The second amendment allows for virtual-only meetings, highlighting a modern shift in corporate governance.
- Class Shares: The third change allows for the establishment of Class A and Class B shares.
Management expressed appreciation for the shareholders’ backing and emphasized that these changes position Metaplanet for effective growth initiatives. The stock market’s positive reaction reflects optimism about the company’s future strategies.
