Continuation of Countermeasures against the Large-Scale Acquisition of Fukoku Shares (Takeover Defense Measures)
We hereby inform you that the board of directors resolved at a board meeting held on May 14, 2009 to adopt continuation of countermeasures to a large-scale acquisition of the Company's shares (hereinafter “the Plan”), subject to approval at the upcoming annual general shareholders'meeting, and that the Plan approved at the annual general shareholders'meeting held on Jun 26, 2009. We will protect and enhance the corporate value and common interests of our shareholders.
Introduction of Countermeasures against the Large-Scale Acquisition of Fukoku Shares (Takeover Defense Measures)
The risk of hostile takeovers has been on the rise in recent years. The board of directors resolved at a board meeting held on May 9, 2007 to adopt countermeasures to a large-scale acquisition of the Company's shares (hereinafter “the Plan”), subject to approval at the upcoming annual general shareholders'meeting. We hereby inform you that the shareholders approved the Plan and an amendment of the Articles of Corporation at a board meeting held on June 28, 2007. To respond to the approval at the June meeting, we will protect and enhance the corporate value and common interests of our shareholders.
