Articles from Palliser Capital

Palliser Capital highlights that their campaign for a transparent and independent review of the unification of Rio Tinto’s archaic dual listed company (“DLC”) structure has served a critical purpose. It has promoted the need for better governance standards at Rio Tinto and catalyzed an improved understanding of the case for unification, despite the resolution failing to achieve sufficient shareholder support at Rio Tinto’s 2025 AGM.

Palliser Capital (“Palliser”), one of the largest shareholders of Keisei Electric Railway Co., Ltd. (9009 JT) (“Keisei” or the “Company”) with a shareholding over 4.5%, today published an open letter and detailed presentation ahead of the Company’s new Medium-Term D2 Plan and 2025 Annual General Meeting.

Palliser Capital (“Palliser”) today published a letter to shareholders of Rio Tinto (the “Company”) calling for them to vote in favor of the long-overdue full and proper investigation into the merits of unification of Rio Tinto’s dual listed company (“DLC”) structure, in line with the recommendations from leading international proxy advisors ISS and Glass Lewis.

Palliser Capital (“Palliser”) today welcomed the endorsement of leading independent proxy advisory firm Institutional Shareholder Services (“ISS”) of its resolution at the Annual General Meeting (AGM) for Rio Tinto Plc (LSE:RIO) on April 3, 2025. This follows Glass Lewis’ endorsement on 14 March 2025.

Palliser Capital (“Palliser”) today welcomed Glass Lewis’ endorsement of its resolution at the Annual General Meeting (AGM) for Rio Tinto Plc (LSE:RIO) on April 3, 2025.

Palliser Capital (“Palliser”) today published a letter to the Chair of Rio Tinto’s Board of Directors sharing the results of an appraisal report prepared by Grant Thornton Australia that evaluated the potential impact of unifying Rio Tinto’s dual listed company (“DLC”) structure, based on publicly available information.

Palliser Capital (“Palliser”) today reacts to the decision by Rio Tinto’s Board to allow the shareholders of Rio Tinto Limited (ASX: RIO) to vote on its co-filed resolution at the upcoming Limited AGM.

Palliser Capital (“Palliser”) today published a letter to Rio Tinto’s Board in its ongoing battle for an independent, comprehensive and transparent review of the Board’s anomalous conclusion to retain its dual listed company (“DLC”) structure.

Palliser Capital (“Palliser”), an investor with a significant interest in Rio Tinto (being Rio Tinto Plc (LSE: RIO) and Rio Tinto Limited (ASX: RIO) and collectively referred to as “the Company”) and over 100 other shareholders today requisitioned a resolution for the Company’s next annual general meeting (AGM) of shareholders calling for an independent, comprehensive, and transparent review on the merits of unifying Rio Tinto’s current dual listed company (“DLC”) structure into a single Australian-domiciled holding company with a primary listing on the ASX and ongoing LSE and NYSE (ADR) listings.

Palliser Capital (“Palliser”), an investor with a significant economic position in Rio Tinto Plc (LSE: RIO) and Rio Tinto Limited (ASX: RIO), collectively referred to as “Rio Tinto” or “the Company”), today released a presentation and letter to the Rio Tinto Board of Directors (“the Board”) calling for the unification of their dual listed company structure on the London Stock Exchange and Australian Stock Exchange into a single Australian domiciled holding company.

Palliser Capital (“Palliser”), a significant minority shareholder of SK Square (the “Company”), responds to the Company on the announcement of its Corporate Value-Up Plan and issued the following statement:

Palliser Capital (“Palliser”), the sixth largest shareholder of Keisei Electric Railway Co., Ltd. (9009 JT) (“Keisei” or the “Company”) with a stake of 1.98%, welcomes Glass Lewis endorsement of its proposal for Keisei’s Annual General Meeting (“AGM”) on June 27, 2024.

Palliser Capital (“Palliser”), the eighth largest shareholder of Keisei Electric Railway Co., Ltd. (9009 JT) (“Keisei” or the “Company”) with a stake of 1.6%, has today submitted a formal proposal to table a binding resolution focused on capital allocation and a reduction of the OLC stake at Keisei’s forthcoming AGM.

Palliser Capital, a global multi-strategy investment firm, announced today that former Elliott Management Equity Partner and Senior Portfolio Manager, Steve Kasoff, joined Palliser on 1 March 2024 as Chairman of Palliser Capital US.

Palliser Capital (“Palliser”), the eighth largest shareholder of Keisei Electric Railway Co., Ltd. (9009 JT) (“Keisei” or the “Company”) with a stake of 1.6% commends Keisei’s decision to reduce the size of its stake in the Oriental Land Company (“OLC”) and is encouraged that the capital released will be used to bolster shareholder returns and fund strategic and growth initiatives.

Palliser Capital (“Palliser”), a long-standing investor in Samsung C&T Corp. (“SCT” or “the Company”) with a 0.62%1 shareholding, announces today its support for, and intention to vote in favor of, the proposals advanced by a group of SCT shareholders (the “Shareholder Proposals”) at the Company’s forthcoming 60th Annual General Meeting on March 15, 2024 (“AGM”).

Palliser Capital (“Palliser”), a long-standing investor in Samsung C&T Corp. (“SCT” or “the Company”), with a 0.62%1 shareholding, today published a comprehensive presentation detailing opportunities to unlock significant long-term value at SCT following Palliser’s participation at the 10th Annual Sohn London Investment Conference. Palliser's presentation highlights the US$25BN disparity between SCT’s share price and its intrinsic market value, equivalent to a 63% discount (the “SCT Value Gap”), and the clear and actionable measures SCT can take to eradicate that discount while catalyzing the next phase of growth for the Company. Palliser believes SCT has an opportunity to proactively lead on governance and capital allocation and change the narrative on the “Korea Discount” for the benefit of not only SCT stakeholders, but the Korean stock market and broader society as a whole.

Palliser Capital (“Palliser”), the eighth largest shareholder of Keisei Electric Railway Co., Ltd. (9009 JT) (“Keisei”) with a stake of 1.6%, releases details of the presentation given to attendees of 13D Monitor’s 2023 Active-Passive Investor Summit in New York. Palliser’s presentation outlines a comprehensive set of proposals intended to address Keisei’s persistent undervaluation by unlocking $4.5 billion of latent value and enacting a suite of capital allocation, governance and investor relations reforms.