Understanding Voting Rights and Shareholder Transparency at VGP
Voting Rights and Shareholder Overview
In today's corporate landscape, transparency and the management of voting rights play crucial roles in upholding shareholder interests. Understanding the voting rights available to shareholders like those of VGP is essential for informed participation and engagement.
Current Voting Rights Status
As of the latest report published by VGP, the company's total share capital stands at €136,091,705.08, along with a total of 27,291,312 securities that include voting rights. Among these securities, 15,715,315 are counted as having double voting rights. This results in an overall denominator of 43,006,627 voting rights available to shareholders.
What is the Denominator?
The denominator is critical as it represents the basis for notifying major shareholdings among shareholders. This figure is not only important for shareholder notification but also influences voting power during significant company decisions.
Understanding Double Voting Rights
Double voting rights are a feature of share ownership that allows specific shareholders greater influence. According to VGP's regulations, registered shares—specifically those held for at least two consecutive years—are eligible for this advantage, provided they remain fully paid-up and retained in the same name. These rights are not granted to dematerialized shares. This policy aims to encourage long-term investment and loyalty among shareholders.
The LIFO Method of Calculating Voting Rights
VGP employs a method known as LIFO (Last In, First Out) to determine the allocation of registered shares. This approach indicates that recently acquired shares are the first to be allocated for transfer should a registered shareholder offload their shares. This ensures that long-term holders maintain their voting power unless they decide to sell their more recently purchased shares first.
Registered Shares and Their Importance
It is vital for VGP to be notified promptly regarding any transfers of registered shares. The efficient management of this registration helps maintain an accurate record of who holds the double voting rights. Should any share undergo conversion into a dematerialized form or transfer ownership, these voting rights are lost at that moment. By staying informed, VGP ensures that its records and voting rights are up to date, fostering an environment of trust and transparency.
About VGP
VGP is a distinguished pan-European property developer, manager, and owner, known for its high-quality logistics and semi-industrial properties. The company stands out in its sector as a provider of renewable energy solutions, crafted through an integrated business model and solid expertise. Established in 1998 as a family-run entity in the Czech Republic, VGP now operates in 17 European nations with a dedicated workforce of approximately 372 full-time employees. Recent evaluations indicate that the Gross Asset Value of VGP is around €7.4 billion, while its Net Asset Value (EPRA NTA) reached €2.3 billion. The company is publicly listed on Euronext Brussels under the ticker Brussels:VGP.
Frequently Asked Questions
What is VGP's current total share capital?
VGP's total share capital is €136,091,705.08.
How many securities with voting rights does VGP have?
VGP has a total of 27,291,312 securities that confer voting rights.
What are double voting rights?
Double voting rights are additional voting powers accorded to fully paid-up registered shares held for at least two consecutive years.
How does VGP calculate the holding period for double voting rights?
VGP uses the LIFO method to determine the holding period, ensuring the last shares acquired are the first to be deducted upon that shareholder's transfer of shares.
Why is it important for VGP to be informed of share transfers?
Timely notification of share transfers is essential for maintaining accurate records of registered shares and the associated voting rights, hence enabling proper shareholder involvement.
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