Metaplanet Shares Rise Over 2.5% Following Key Shareholder Approvals
Metaplanet Inc (3350) shares rose over 2.5% to 853 yen after an extraordinary general meeting on Sep. 1 where key amendments were approved.
- Shareholders approved three proposals enhancing financial and governance flexibility.
- The maximum number of authorized shares increased to 2.7 billion to facilitate capital raising.
- New rules allow for virtual-only shareholder meetings.
- Provisions for authorized class shares were created, establishing Class A and Class B shares.
Management noted that these approvals will enable more effective pursuit of growth initiatives, reflecting investor confidence as shares rallied in Tokyo trading.