Kempen Capital Management disapproves recent Board decisions at Fujitec
Jan Willem Berghuis, Head of Small-Caps at Kempen: ‘We started investing in Fujitec in August 2014 through our Global Small-cap strategy and ever since have been in frequent contact with the company to share and discuss key observations and make suggestions to drive long-term sustainable value for all Fujitec stakeholders. Following a sequence of recent events, we disapprove Fujitec’s Board decisions announced on 23 June 2022, which we believe undermine shareholder rights and are in stark contrast with any intention and commitment to improve on corporate governance. As shared in our letter, we call on the Board of Directors to take action.’
A copy of the open letter can be found here.
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About Kempen Capital Management
Kempen Capital Management is a specialist asset manager with a focused approach and a clear investment philosophy. We believe in long-term stewardship for our clients and other stakeholders. Kempen provides sustainable returns, fiduciary management services, manager selection, portfolio construction and monitoring, alongside a number of actively-managed investment strategies. As of 30 June 2021, Kempen Capital Management had a total of €88.3 billion in client assets under management.
Kempen Capital Management, part of Van Lanschot Kempen NV, is a specialist and independent wealth manager. Kempen Capital Management NV is licensed as a manager of various UCITS and AIFs and authorised to provide investment services and as such is subject to supervision by the Netherlands Authority for the Financial Markets. Kempen Capital Management (UK) Ltd is licensed as a manager and subject to supervision by the Financial Conduct Authority.