Understanding EssilorLuxottica's Share Capital and Voting Rights
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EssilorLuxottica: Share Capital and Voting Rights Overview
As of the end of August 2024, EssilorLuxottica continues to assert its position as the global leader in designing, manufacturing, and distributing ophthalmic lenses, frames, and sunglasses. This article delves into the latest updates regarding the company's share capital and voting rights, providing valuable insights for current and prospective shareholders.
Current Share Capital Snapshot
On August 31, 2024, EssilorLuxottica reported that it has a total of 457,321,261 shares outstanding. This number reflects the company’s robust standing in the market and highlights its commitment to transparency in reporting its financial metrics.
Voting Rights Breakdown
In terms of voting rights, EssilorLuxottica has 455,561,025 real voting rights, which exclude any treasury shares. This figure represents the actual voting power shareholders possess in corporate decisions, ensuring that their interests are directly represented.
Theoretical Voting Rights
It’s important to also consider the theoretical number of voting rights, which includes treasury shares, totaling the same amount as shares outstanding at 457,321,261. This understanding helps clarify the distinction between actual and potential voting power.
Regulatory Considerations
One key aspect of corporate governance to note is that voting rights at EssilorLuxottica are capped at 31% for any individual shareholder. This limitation is designed to promote equitable shareholding and prevent any single entity from holding excessive influence over the company.
Consulting Regulatory Documents
For those seeking further information, it’s recommended to consult the relevant prospectus and other regulatory documents. These can be found on the company’s official website, which includes the necessary information for compliance with regulations set forth by financial authorities.
Conclusion
EssilorLuxottica's approach to managing its share capital and voting rights reflects a commitment to corporate governance and shareholder engagement. As the company continues to evolve and expand its global presence, understanding these financial metrics becomes essential for shareholders to make informed decisions.
Frequently Asked Questions
What is the total number of shares outstanding for EssilorLuxottica?
As of August 31, 2024, EssilorLuxottica has 457,321,261 shares outstanding.
How many real voting rights does EssilorLuxottica have?
EssilorLuxottica currently has 455,561,025 real voting rights, exclusive of treasury shares.
What is the cap on voting rights for individual shareholders?
Voting rights for any individual shareholder at EssilorLuxottica are capped at 31%.
Where can I find more information about EssilorLuxottica's share capital?
Additional information can be found in the company’s official prospectus and regulatory documents available on their website.
What does the theoretical number of voting rights encompass?
The theoretical number of voting rights includes all shares, counting treasury shares, totaling 457,321,261.
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