Share Counts and Voting Rights Overview: Latest Insights

Understanding Share Counts and Voting Rights

In a corporate landscape where transparency is key, knowing the share counts and voting rights of companies stands as an essential element for investors and stakeholders. Orange has provided meaningful information regarding its total number of shares and voting rights under the framework set forth in the French Commercial Code. This guideline ensures a clear understanding of a company’s structure and shareholder power.

Total Number of Shares

As of the end of October, Orange maintains a significant total of 2,660,056,599 shares. This figure is crucial for current and potential investors as it outlines the extent of ownership distribution in the company. Share counts not only provide insight into the company's capitalization but also influence financial strategy and market perceptions.

Breakdown of Voting Rights

Voting rights are an integral aspect of corporate governance, allowing shareholders to influence key decisions. In scenarios where shares are held in registered form by a single shareholder for more than two years, automatic double voting rights are conferred. This provision can greatly amplify the weight of long-term shareholders, enhancing their influence on corporate decisions.

Current Voting Rights Snapshot

A detailed analysis of voting rights showcases several critical figures. The total theoretical number of voting rights as of October 31, 2024, stands at 3,172,012,361. However, due to certain shares being classified as treasury shares, only 3,170,377,877 voting rights are currently exercisable. This differentiation highlights the importance of active shareholding in exercising governance rights.

Impact of Treasury Shares on Voting

Treasury shares refer to portions of stock that were once a part of the outstanding shares but were later repurchased by the company. In this case, Orange holds 1,634,484 treasury shares without voting rights, which acts as a caveat for current voting powers. Understanding the impact of treasury shares is crucial for shareholders as it directly influences the power dynamics during voting sessions.

Long-Term Shareholding and Control

Long-term shareholders at Orange are particularly empowered due to the double voting rights allocated under French law. This strategy not only fosters loyalty but also encourages stable investment within the company. By maintaining shares over extended periods, investors not only contribute to the company's stability but can also significantly enhance their voting power.

The Role of Communication in Shareholder Engagement

Open and clear communication with shareholders can significantly bolster engagement. By keeping stakeholders informed about voting rights and share counts, Orange fosters a culture of trust and participation. Regular updates on such metrics ensure that shareholders remain informed, enhancing their ability to participate meaningfully in company governance.

Frequently Asked Questions

What is the total number of shares for Orange as of October 31, 2024?

The total number of shares for Orange is 2,660,056,599 as of October 31, 2024.

How many treasury shares does Orange have and how does that affect voting?

Orange has 1,634,484 treasury shares, which do not carry voting rights, reducing the total exercisable voting rights.

What are voting rights and why are they significant?

Voting rights allow shareholders to vote on key company decisions, significantly influencing corporate governance and direction.

How can long-term investment impact shareholder power?

Long-term investments can lead to double voting rights, significantly increasing the influence of those stakeholders on company operations.

How does shareholder communication affect engagement?

Effective communication keeps shareholders informed regarding their rights and company matters, fostering greater engagement and trust.

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