GRID Inc.
Matters Concerning Controlling Shareholders, etc.
Discloses the relationship with We Co., Ltd., a controlling shareholder other than the parent company, and that there are currently no transactions. Describes the management policy for related party transactions and the confirmation framework by the auditing firm, and states the policy to protect minority shareholders.
Key Figures
- Key Figure 1: Voting rights ownership ratio 54.41%
- Key Figure 2: Directly owned shares 0.00%, Aggregated subject-to-calculation portion 54.41%
- Key Figure 3: We Co., Ltd. is treated as the controlling shareholder (excluding the parent company)
AI要約
Current Status of Relationship with the Controlling Shareholder and Related Parties
This report discloses that We Co., Ltd., which qualifies as a controlling shareholder other than the parent company, holds a voting rights ownership ratio of 54.41%. There are no direct transactions with We at present, and the Company’s policy is, in principle, not to engage in transactions with We going forward. In the exceptional case that a related party transaction is to be initiated, the necessity and reasonableness of the transaction and the appropriateness of its terms will be confirmed with approval by the Board of Directors, and a list of related parties will be prepared and subjected to confirmation by the auditing firm.
Protection of Minority Shareholders and Future Procedures
The Company will, in principle, not engage in transactions with the controlling shareholder, and if a transaction is to be initiated, it has established governance to ensure fairness. Specifically, the Company will implement management of related party transactions, verify the reasonableness of transactions, and obtain confirmation by the auditing firm to ensure that minority shareholders and ordinary business partners are not disadvantaged.
GRID Inc.
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