Metaplanet Shares Rise Following Key Shareholder Approvals
Metaplanet Inc (3350) saw its shares climb more than 2.5% to 853 yen on Tuesday after investors approved significant amendments at the company’s extraordinary general meeting on September 1. The changes are designed to enhance both financial and governance flexibility.
The approved proposals included an increase in the maximum number of authorized shares to 2.7 billion, facilitating future capital-raising efforts. Another amendment allows for virtual-only shareholder meetings, reflecting evolving corporate governance practices. Additionally, provisions were established for authorized class shares, introducing both Class A and Class B shares.
Company management expressed gratitude to shareholders for their support, noting that the approvals provide a stronger foundation for pursuing growth initiatives. The positive reaction in the Tokyo market signals investor confidence in Metaplanet’s strategic direction.
