RNS Number : 1446Z
19 May 2021
Asset Value Investors (AVI) Submits Proposals to NS Solutions to Reduce ¥145 billion in Surplus Assets While Investing More Proactively to Capture DX-related Growth
NS Solutions has rejected AVI shareholder proposals without disciplined quantitative analysis of surplus assets in relation to capital investment needs Blanket rejection of AVI s proposals without quantification is symptomatic of management culture under the influence of controlling shareholder Nippon Steel Corporation
Asset Value Investors ( AVI ) today publicly released a letter to NS Solutions Corp (TYO 2327) ( NSSOL ) responding to NSSOL s rejection of AVI s shareholder proposals which were submitted in April and can be found on
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NS Solutions has rejected AVI shareholder proposals without disciplined quantitative analysis of surplus assets in relation to capital investment needs
Blanket rejection of AVI s proposals without quantification is symptomatic of management culture under the influence of controlling shareholder Nippon Steel Corporation
Asset Value Investors ( AVI ) today publicly released a letter to NS Solutions Corp (TYO 2327) ( NSSOL ) responding to NSSOL s rejection of AVI s shareholder proposals which were submitted in April and can be found on www.takingNSSOLtothenextlevel.com.
AVI has proposed:
(1) a final-year dividend of ¥62 per share, for a total dividend of ¥87, in reaction to NSSOL s proposal to reduce the dividend from ¥65 last year to ¥52.5 this year, the first dividend decline since 2009;