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Farallon Capital Management, L L C : Farallon Urges Toshiba Shareholders to Make Their Voices Heard at Upcoming EGM

Farallon Capital Management, L L C : Farallon Urges Toshiba Shareholders to Make Their Voices Heard at Upcoming EGM
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Farallon Capital Management, L L C : Glass Lewis Recommends Toshiba Shareholders Vote FOR Farallon Proposal

Farallon Capital Management, L.L.C.: Glass Lewis Recommends Toshiba Shareholders Vote FOR Farallon Proposal Glass Lewis Notes Subpar Returns Will Not Improve Until Toshiba Rebuilds Credibility Farallon Urges Fellow Toshiba Shareholders to Vote for Its EGM Proposal Farallon Capital Management, L.L.C. ( Farallon ) today announced that Glass, Lewis Co., LLC ( Glass Lewis ), a leading proxy advisory firm, has recommended that Toshiba Corporation ( Toshiba or the Company ) (6502.T) vote FOR Farallon s capital allocation proposal at the extraordinary general meeting of shareholders ( EGM ), which is scheduled to be held on March 18, 2021. Farallon stated: Glass Lewis s report definitively supports our view that Toshiba modified its capital policy in November 2020 and shareholders should insist on accountability at Toshiba. In the absence of credibility and trust, Toshiba s stock price will continue to flounder. Glass Lewis joins Institutional Shareholder Services Inc. ( ISS ) in

Farallon Capital Management Issues Letter to Toshiba Shareholders

Farallon Capital Management Issues Letter to Toshiba Shareholders Company s intention to deploy ¥1.3 trillion of excess cash flow for investments is reckless given track-record Farallon s EGM proposal gives shareholders key opportunity to ask Toshiba to honor its commitments to capital allocation discipline under the Toshiba Next Plan Company s attempts to reassure shareholders and back-pedal have been misleading and disingenuous SAN FRANCISCO, March 2, 2021 /PRNewswire/ Today, Farallon Capital Management, L.L.C. ( Farallon ) issued a public letter to shareholders of Toshiba Corporation ( Toshiba or the Company ) (6502.T) in connection with the upcoming extraordinary general meeting of shareholders ( EGM ). Farallon is asking Toshiba shareholders to support the Farallon EGM proposal, which calls upon the Company to honor its capital allocation commitments under the Toshiba Next Plan or to explain and seek approval from shareholders for capital policy changes.

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