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  "documentTitle": "Keisei Electric Railway Co., Ltd. (9009.T)",
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  "authorName": "James Smith",
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  "presentationDate": "2024-04-24 00:00:00",
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      "text": "This letter is for discussion and informational purposes only, and does not constitute (a) an offer or invitation to buy or sell, or a solicitation of an offer to buy or sell, or to otherwise engage in any investment business, or provide or receive any investment services in respect of, any security or other financial instrument and no legal relations shall be created by its issue, (b) a \"financial promotion\" for the purposes of the UK Financial Services and Markets Act 2000 (as amended), (c) \"investment advice\" as defined by the UK FCA's Handbook of Rules and Guidance (\"FCA Handbook\"), (d) \"investment research\" as defined by the FCA Handbook, (e) an \"investment recommendation\" as defined by Regulation (EU) 596/2014 and by Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of section 3 of the European Union (Withdrawal) Act 2018 (\"EUWA 2018\") including as amended by regulations issued under section 8 of EUWA 2018, (f) any action constituting \"investment advisory and agency business\" as defined in article 28, paragraph 3 of the Financial Instruments and Exchange Law of Japan (the \"FIEL\"), or (g) any action constituting \"investment management business\" as defined in article 28, paragraph 4 of the FIEL. No information contained herein should be construed as a recommendation by Palliser. This letter is not intended to form the basis of any investment decision or suggest an investment strategy. This letter is not (and may not be construed to be) legal, tax, investment, financial or other advice.",
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      "text": "All of the information contained herein is based on publicly available information with respect to Keisei Electric Railway Co., Ltd. (the \"Company\") and any other company mentioned herein, including public filings and disclosures made by the Company and other sources, as well as Palliser's analysis of such publicly available information. Palliser has relied upon and assumed, without independent verification, the accuracy and completeness of all data and information available from public sources, and no representation or warranty is made that any such data or information is accurate. Palliser recognizes that the Company may possess confidential or otherwise non-public information that could lead it to disagree with Palliser's views and/or conclusions and that could alter the opinions of Palliser were such information known.",
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      "text": "The views expressed herein represent the opinions of Palliser UK and its affiliates (collectively, \"Palliser\") as of the date hereof. Palliser reserves the right to change or modify any of its opinions expressed herein at any time and for any reason and expressly disclaims any obligation to correct, update or revise the information contained herein or to otherwise provide any additional materials.",
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      "text": "No representation, warranty or undertaking, express or implied, is given and no responsibility or liability or duty of care is or will be accepted by Palliser, the Palliser Funds, or any of their respective directors, officers, employees, agents, or advisers (each a \"Palliser person\") concerning: (i) this letter and its contents, including whether the information and opinions contained herein are accurate, fair, complete or current; (ii) the provision of any further information, whether by way of update to the information and opinions contained in this letter or otherwise to the recipient after the date of this letter; or (iii) that Palliser's or",
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      "text": "This letter has been issued by Palliser Capital (UK) Ltd (\"Palliser UK\"), which is authorised and regulated by the United Kingdom's Financial Conduct Authority (\"FCA\"). Nothing within this letter promotes, or is intended to promote, any funds advised directly or indirectly by Palliser UK (the \"Palliser Funds\").",
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      "text": "Palliser is a global multi-strategy fund based in London. Our value-oriented investment philosophy is applied to a broad range of opportunities across the capital structure with a focus on situations where positive change and value enhancement can be achieved through thoughtful, constructive and long-term engagement with companies and across a range of different stakeholder groups.",
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