Understanding Shareholder Voting Rights and Share Counts

Total Shares and Voting Rights Overview

Understanding the share structure of a company is crucial for any investor. This article will explore the total number of shares and the associated voting rights, focusing on the information outlined in the French Commercial Code and the financial regulations set forth by the Autorité des Marchés Financiers.

Share and Voting Rights Dynamics

According to Article L. 22-10-46 of the French Commercial Code, a measure that has been in effect since April 2016, fully paid-up shares can earn a double voting right. This is given to shares held in a registered form under a single name for a minimum of two years. Such a policy aims to encourage long-term shareholding amongst investors, creating a stable shareholder base.

Current Share Statistics

On May 31, 2025, the total number of shares outstanding stands at 2,660,056,599. This figure is significant as it serves as the foundation for determining both the total voting rights and the shareholding influence investors wield within the company. The importance of these figures cannot be overstated, as they directly impact shareholders' ability to influence corporate decisions.

Voting Rights Structure

On the same date, the number of treasury shares without voting rights was reported at 1,676,848. Treasury shares represent stock that a company has repurchased from shareholders, now held in the company's accounts. Importantly, these shares do not confer voting rights, which can dilute the influence of existing shareholders if they represent a considerable portion of the total shares.

Insights from Recent Months

Looking back at previous months leading up to May 31, 2025, the trajectory of share counts and voting rights reveals various trends. As of January 31, 2025, shareholders held a total of 3,172,669,760 theoretical voting rights. This number showcases the weight of shares actively in circulation affecting company decisions.

Monthly Comparison

Throughout several months, trends like fluctuating numbers of treasury shares have been observed. For instance, on April 30, 2025, treasury shares stood at 1,541,848, a bit lower than in May. Such variations can reflect changes in the company's strategy or market conditions.

Calculating Theoretical Voting Rights

Theoretical voting rights are calculated based on all shares that are entitled to voting privileges, which also includes shares that do not possess voting rights. The calculated amount provides a comprehensive view of how the shares are distributed to facilitate accountability and stakeholder engagement.

Impact on Decision-Making

The structure of shares and voting rights significantly impacts investor decision-making and the company’s governance. A robust voting framework empowers shareholders, granting them authority to influence significant corporate decisions such as mergers, acquisitions, or changes in strategic direction.

Conclusion and Investor Impact

The data surrounding the total number of shares and voting rights reflects not just the financial health of Orange—whose stock is denoted as Paris:ORA—but also the engagement level of its shareholders. Understanding these components is essential for stakeholders committed to informed investment choices.

Frequently Asked Questions

What is the total number of shares outstanding as of May 31, 2025?

The total number of shares outstanding is 2,660,056,599.

How are voting rights calculated for shareholders?

Voting rights are calculated based on all shares to which rights are attached, including those without voting rights.

Why do treasury shares not confer voting rights?

Treasury shares are held by the company itself and are not used for voting, which prevents dilution of existing shareholders' influence.

What recent trends have been observed in share counts?

Recent months have shown variations in treasury shares, impacting theoretical voting rights held by stakeholders.

Why is understanding shares and voting rights important for investors?

These figures influence corporate governance, shareholder rights, and overall investment strategy, making them crucial for informed decision-making.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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