- Metaplanet has secured a unanimous shareholder approval to restructure its capital base, enabling higher dividend flexibility and potential share buybacks.
- The company doubled its authorized preferred share capacity and introduced new dividend structures.
Metaplanet has shared its latest achievement of managing to convince shareholders to approve the five proposals at its Extraordinary Shareholder Meeting. This new achievement marks a very significant moment in the company’s capital strategy and long-term investor relationship.
Additionally, the unanimous vote style Metaplanet made use of when making the proposal shows how strongly the Japanese company has a long-term plan to enhance dividend flexibility, strengthen capital efficiency, and expand access to global institutional capital.
How Metaplanet Plans to Use Capital Restricting and Shares Expansion
According to the report that was shared on X, the major core of the proposal and their approvals is to relocate capital stock and capital reserves into capital surplus. This move significantly expands Metaplanet’s capacity to pay dividends on preferred shares while also creating room for potential share buybacks. The decision positions the company with greater financial agility, allowing it to respond more effectively to market conditions and shareholder value opportunities.
Under the ‘proposal,’ shareholders will approve a major expansion in the authorized issuance of the preferred shares. Also, the total number of authorized Class A and Class B preferred shares will double from the typical 277.5 million each to about 555 million per class.
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Another major key highlight of the meeting was the amendment to Class A preferred shares. The company plans to introduce a monthly, floating-rate dividend structure known as MARS (Metaplanet Adjustable Rate Security). By doing this, they would enhance price stability, and also the MARS framework would align payouts with prevailing conditions, which offers investors a more predictable and resilient income profile.
Class B preferred shares were also restructured to better balance issuer flexibility with investor safeguards. The approved changes introduce a quarterly dividend schedule, a 10-year issuer call option at 130%, and an investor put right if an IPO does not occur within one year. These features aim to boost investor confidence while preserving Metaplanet’s long-term strategic options.
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