Tokyo, Japan - January 19, 2018 - GMO Internet, Inc. (https://www.gmo.jp/en/ ) received a written letter from Oasis Investments II Master Fund Ltd. on January 16, 2018, about their exercising Shareholders' Right to Propose at the Annual General Shareholders Meeting to be held in March 2018.
The details of these proposals are to be examined at the Board of Directors meeting, and we will announce in a timely manner and properly how we will respond to them.
1. Shareholder
Director: Phillip Meyer
Oasis Investments II Master Fund Ltd. c/o
2. Overview of Shareholder Proposals
Agenda Item (1) - Abolishment of policy for large scale purchase of the Company's shares (anti-takeover measure).
Agenda Item (2) - Partial amendment of the articles of incorporation (introduction method for Takeover Defense Measures).
Agenda Item (3) - Partial amendment of the articles of incorporation (change to the system for company with nominating committee, etc.).
Agenda Item (4) - Partial amendment of the articles of incorporation (Prohibition of concurrent posts of president and chairperson of the Board of Directors).
Agenda Item (5) - Partial amendment of the articles of incorporation (election of directors by cumulative voting).
Agenda Item (6) - Setting compensation amount for directors (excluding Audit and Supervisory Committee Members) (meaning adoption of a compensation structure linked with the interests of minority shareholders).
GMO Internet Inc. published this content on 19 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 January 2018 04:24:08 UTC.
Original documenthttp://www.gmo.jp/en/news/article/?id=763
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GMO Internet Group Inc, formerly GMO Internet Inc, is engaged in Internet infrastructure business, Internet advertising and media business, Internet finance business, crypto asset business and incubation business. The Company operates through five segments. The Internet Infrastructure segment is engaged in domain business, cloud hosting business, electronic commerce (EC) support business, security business, and access business. The Internet Advertising and Media segment is engaged in Internet advertising business, Internet media business, and Internet research business. The Internet Finance segment provides financial instruments trading services such as online securities trading services and foreign exchange margin trading services. The Crypto Asset segment is engaged in the business related to crypto asset exchange and mining. The Incubation segment invests in unlisted companies, mainly Internet-related companies. The Company is also engaged in the mobile entertainment business.