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  "documentTitle": "Keisei Electric Railway Co., Ltd. (9009.T)",
  "authorId": "24_Palliser_Capital",
  "authorName": "James Smith",
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      "text": "We expect the Board to respond promptly and on a public basis to our formal shareholder proposal by confirming by no later than 6PM JST on 26 April 2024 that the Advisory Resolution will be added to the AGM agenda.",
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      "kind": "paragraph",
      "text": "the Advisory Resolution is not short-term oriented; in fact, by focusing on capital allocation generally, and specifying a window of just under two years for the Company to right-size the OLC stake in particular, the embedded ambition is long-term in nature with stability and consistency in mind.",
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      "text": "Any attempt to deny shareholders this opportunity would be a troubling indication that the Board is unwilling to listen to shareholders or is afraid of the views that may be expressed. While we do not expect the Board to be close-minded in this way, if the Board does decline to provide the confirmation requested above within the timeframe mentioned, we expect the Board to provide clear and detailed reasons on a public basis for adopting such a position.",
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      "text": "Sincerely, For and on behalf of Palliser Capital (UK) Ltd",
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      "text": "We expect the Board to respond promptly and on a public basis to our formal shareholder proposal by confirming by no later than 6PM JST on 26 April 2024 that the Advisory Resolution will be added to the AGM agenda.",
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      "text": "James Smith Chief Investment Officer",
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      "text": "We trust that the Board will see the obvious benefits for all stakeholders and the Company itself of a vote on the Advisory Resolution. Regardless of the outcome, the vote will serve as a straightforward, non-binding referendum of an important stakeholder group on issues which are central to the Company's future, and a standout example of a responsible shareholder listening exercise to build stakeholder consensus and momentum - we hope towards further comprehensive and fundamental reforms at Keisei.",
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      "text": "As ever, continuing a constructive and respectful dialogue remains our first priority. We remain at the Company's disposal should management wish to engage further on alternative satisfactory outcomes to address the concerns that underpin our proposal, and next steps generally.",
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      "text": "Enclosure: Palliser's Shareholder Proposal",
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