Understanding IBA's Voting Rights and Capital Structure

Author: Ryan Hughes Updated: 02-11-2025 12:16 PM

Overview of IBA's Transparency Obligations

IBA SA is committed to adhering to Section 15 of the transparency act, which mandates essential disclosures related to shareholder voting rights and capital structure. This act aims to ensure that investors and the public are well-informed about the dynamics affecting their investments.

Details of Capital Structure and Voting Rights

According to the regulations established by the law from May 2, 2007, IBA must publish key information, including the total capital amount, the number of voting securities, and any changes to these figures by the end of each month during which changes occurred. This systematic transparency provides clarity for stakeholders regarding their voting influence and represents a significant step towards corporate accountability.

Understanding Voting Rights and Loyalty Voting Shares

As of February 6, 2025, loyalty voting shares refer to registered shares. These are shares that have been recorded in the company’s register for a minimum of two consecutive years, thus granting holders enhanced voting rights. This regulatory framework encourages long-term investment by rewarding shareholders who maintain their ownership in the company.

The LIFO Method for Share Calculation

Following a resolution at the general meeting held on March 10, 2020, IBA implemented the Last In, First Out (LIFO) method for calculating loyalty voting rights. This method prioritizes the most recently acquired shares for deduction from the holder's registered share basket in the event of a transfer. Such a strategy is designed to ensure that loyalty is recognized and that long-term shareholders benefit from their commitment to the company.

Regulations on Voting Power

According to the company's articles of association, every shareholder, along with associated entities, may not vote at the general meetings if their combined votes exceed 35% of all votes attached to shares with voting rights. Currently, with a total of 40,514,366 issued shares, the cap translates to 14,180,028 votes, maintaining a balanced power distribution among shareholders. This guideline helps to prevent the concentration of voting power in the hands of a few, promoting a fair governance structure.

Market Presence of IBA

IBA is actively listed on EURONEXT, a leading pan-European stock exchange. The company's stock is recognized under various ticker symbols, including IBA: Reuters IBAB.BR and Bloomberg IBAB.BB. This listing enhances its visibility and accessibility to investors, facilitating opportunities to engage with a broader market.

Contact Information for Inquiries

For individuals or entities seeking further clarification or additional information about IBA, please reach out to:

IBA
Valérie Van Impe
Paralegal
+32 479267809
Email: valerie.vanimpe@iba-group.com

Frequently Asked Questions

What is IBA's primary obligation under the transparency act?

IBA is required to disclose key information about its capital structure and voting rights regularly, ensuring transparency for stakeholders.

How does IBA define loyalty voting shares?

Loyalty voting shares are those registered in the share register for at least two consecutive years, providing enhanced voting rights to their holders.

What calculation method does IBA use for its shares?

IBA utilizes the Last In, First Out (LIFO) method to determine the loyalty voting rights associated with shares.

What are the voting limitations imposed on shareholders?

No shareholder may participate in voting that exceeds 35% of the total votes attached to shares, promoting a fair voting environment.

How can I contact IBA for more information?

Contact IBA through Valérie Van Impe at +32 479267809 or via email at valerie.vanimpe@iba-group.com.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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