RMB Capital Filed a Petition for Provisional Disposition at Kyoto District Court to Confirm Validity of RMB’s Shareholder Proposal at Faith
CHICAGO–(BUSINESS WIRE)–RMB Capital (“RMB”), a Chicago-based independent investment advisory firm, is a long-term shareholder of Faith Ltd. (4295 JP, “Faith”) and owns approximately 10% of the firm’s total outstanding shares.
Faith’s board has unfairly refused to include RMB’s recent shareholder proposal to spin-off Nippon Columbia (“the Proposal”) at the 29th annual general shareholders’ meeting at Faith, scheduled for June 2021 (“the AGM”). RMB believes the board’s decision is inappropriate and unlawful and suppresses shareholders’ opportunity to discuss this important managerial decision at the AGM. To confirm the validity of the Proposal, RMB filed a petition for provisional disposition at Kyoto District Court.
Please refer to Faith Activism for RMB’s past press releases.
About RMB Capital
Headquartered in Chicago, RMB Capital
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