May 11, 2011
Asahi Kasei Corporation
Note: Translation of Japanese document
Asahi Kasei Corp. (the Company) received approval for the adoption of measures to respond to large acquisitions of shares (takeover defense measures, hereafter referred to as the Previous Shareholder Rights Plan) at the 117th Ordinary General Meeting of Shareholders held on June 27, 2008. The duration of the Previous Shareholder Rights Plan is until the conclusion of the 120th Ordinary General Meeting of Shareholders to be held on June 29, 2011 (hereafter referred to as This Year’s Annual General Meeting).
In advance of the end of the duration, the Company’s Board of Directors has today resolved to renew the Previous Shareholder Rights Plan after making partial revisions (hereafter, the revised plan is referred to as the Shareholder Rights Plan) with the aim of continuing to secure and increase the Company’s corporate value and the common interest of shareholders, on condition of authorization by shareholders at This Year’s Annual General Meeting.
With the renewal of the Shareholder Rights Plan, differences from the Previous Shareholder Rights Plan are as follows:
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