ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
May 26, 2022 15:00 JST
Source:
Showa Denko K.K.
Showa Denko Announces Record Date for Extraordinary Shareholders' Meeting
TOKYO, May 26, 2022 - (ACN Newswire) - Showa Denko (SDK) (Tokyo: 4004) decided at its Board of Directors' meeting today to prescribe a record date for an extraordinary general shareholders' meeting scheduled for September 29, 2022 in accordance with Article 124 of the Companies Act (hereinafter "Extraordinary Shareholders' Meeting"), as follows:
1. Record Date to be prescribed for convocation of Extraordinary Shareholders' Meeting
1) Record Date: June 30, 2022 (Thursday)
2) Date of public notice concerning prescription of Record Date: June 15, 2022 (Wednesday)
3) Method of public notice: An electronic public notice will be given on SDK's website at:
https://www.sdk.co.jp/
4) Persons entitled to exercise rights as of Record Date and content of the rights:
The shareholders that have been entered or recorded in the final shareholder register as of the Record Date will be entitled to exercise their voting rights at Extraordinary Shareholders' Meeting to be held in September 2022.
2. Convocation of Extraordinary Shareholders' Meeting and matters to be referred
Date and hour of Extraordinary Shareholders' Meeting, matters to be referred, etc. will be decided at a Board of Directors' meeting in August 2022. Announcement will be made as soon as the decisions are made.
3. Background of Extraordinary Shareholders' Meeting
As announced in our news release of March 9, 2022 entitled "Showa Denko Group Starts to Consider Transformation into Holding Company Structure," SDK is considering ways to transform itself into a holding company structure. Specifically, we are considering a company split in which Showa Denko Materials Co., Ltd. (hereinafter "SDMC") will succeed to entire businesses of SDK. SDMC is a wholly-owned subsidiary of HC Holdings K.K. (hereinafter "HCHD"), in which SDK holds 100% of voting rights.
Furthermore, we are considering a merger between HCHD and SDMC, as well as a company split in which SDK succeeds to part of SDMC's assets and liabilities.
Extraordinary Shareholders' Meeting will be convened to discuss relevant amendments to Articles of Incorporation. Details will be announced later as soon as they are finalized.
4. Schedules
- June 30 2022 - Record Date for Extraordinary Shareholders' Meeting concerning transformation into a holding company structure
- August 2022 (planned) - Board of Directors' meeting concerning the transformation
- September 2022 (planned) - Extraordinary Shareholders' Meeting concerning the transformation
- January 2023 (planned) - Implementation of the transformation
About Showa Denko K.K.
Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.
Media contact:
Showa Denko K.K., Public Relations Group, Brand Communication Department, Tel: 81-3-5470-3235
Source: Showa Denko K.K.
Sectors: Chemicals, Spec.Chem
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST
Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST
NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST
Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST
TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST
Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST
Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
More Latest Release >>
Related Release
Showa Denko Announces 2022 2Q Consolidated Financial Results
August 04 2022 14:00 JST
Showa Denko Revises Forecast of Consolidated Performance
August 03 2022 14:00 JST
Showa Denko Concludes MOU with SK Inc. to Give Consideration to a Plan to Cooperatively Produce High-Purity Gases for Semiconductors in North America
June 29 2022 12:00 JST
SDK and Microwave Chemical Start Joint Development of New Microwave-based Chemical Recycling Technology to Directly Transform Used Plastic into Basic Chemical Feedstock
June 28 2022 10:30 JST
Showa Denko to Consider Simplified Absorption-type Company Split
May 26 2022 14:00 JST
Showa Denko Starts Shipment of Newly Developed HD Media for Record-breaking 26TB Near-line HDD
May 26 2022 11:00 JST
Showa Denko's Program for 8-inch SiC Wafers for the Next-generation Green Power Semiconductor selected for NEDO's Green Innovation Fund Projects
May 24 2022 17:00 JST
Showa Denko Announces 2022 First Quarter Financial Results
May 11 2022 14:00 JST
Showa Denko Decides to Raise Chloroprene Rubber Price
April 27 2022 10:30 JST
Showa Denko Introduces Machine Learning Operations into AI-based Prediction Systems for Accelerating Materials Development
April 21 2022 11:30 JST
More Press release >>