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Toshiba Confirms Over 1,000 Vote Cards Uncounted, Probe Continues

Toshiba Confirms Over 1,000 Vote Cards Uncounted, Probe Continues

Toshiba Corp said on Friday more than 1,000 postal voting forms for its annual shareholder meeting arrived by the deadline but went uncounted, in its first official confirmation of a Reuters report on uncounted votes.

TOKYO: Toshiba Corp said on Friday more than 1,000 postal voting forms for its annual shareholder meeting arrived by the deadline but went uncounted, in its first official confirmation of a Reuters report on uncounted votes.

The Japanese conglomerate said 1,139 voting forms, representing a combined 1.3% stake, were left out even though they were delivered to Toshiba’s shareholder registry administrator before the July 30 deadline.

Toshiba said it will continue its investigation and take appropriate action.

Reuters last month reported Singapore-based hedge fund 3D Investment Partners, a major investor in Toshiba, had called for a third-party investigation into the meeting, saying its vote had not been fully recognised.

Toshiba’s subsequent internal investigation found that about 1,300 voting forms, with postmarks indicating they were accepted at post offices close to senders on July 27, failed to be counted for the contentious July 31 shareholder meeting.


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