Understanding Soitec's Current Share Capital and Voting Rights
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Insight into Soitec's Share Capital and Voting Rights
In the corporate world, understanding share capital and voting rights is crucial for stakeholders. Soitec, a global leader in semiconductor materials, has made significant progress and contributions in this area. Let's delve into the latest information regarding its total number of voting rights and shares making up the company’s share capital.
Company Overview
Soitec is based at the Parc Technologique des Fontaines and is renowned for its innovative semiconductor solutions. With over 30 years in the market, it has made a remarkable mark by developing advanced products that focus on performance and energy efficiency. As of the latest fiscal year, the company achieved an impressive sales figure of 1 billion Euros, mainly through its strategic engagements in Mobile Communications, Automotive, and Edge and Cloud AI markets.
Current Share Capital
As of the end of August 2024, Soitec has a total of 35,724,746 ordinary shares, each with a par value of €2.00. These shares are traded on the Euronext Paris regulated market under the ISIN code FR0013227113 with the identifier "SOI." This significant figure reflects the company’s strong market presence and investment competitiveness.
Total Voting Rights
With regards to voting rights, Soitec reported a total of 45,641,774 theoretical (gross) voting rights. This metric is crucial as it serves as the basis for determining shareholding thresholds. On closer examination, there are 45,598,477 exercisable (net) voting rights, reflecting shares eligible for voting after accounting for those without voting rights, such as treasury shares.
Understanding Voting Rights Calculation
The distinction between theoretical and exercisable voting rights is vital for stakeholders. The theoretical voting rights encompass all shares with single or double voting rights, including those shares that may not provide voting privileges. On the other hand, the exercisable voting rights are a refined calculation that takes into account the shares with double voting rights and excludes shares that lack voting abilities.
Why It Matters
The clarity regarding share capital and voting rights empowers shareholders to make informed decisions. Soitec's commitment to transparency is evident as it regularly discloses this information, ensuring that investors have a complete understanding of their entitlements and the company's standing.
About Soitec's Global Impact
The company employs around 2,300 individuals from diverse backgrounds, showcasing its commitment to fostering a multicultural work environment. Registered with over 4,000 patents, Soitec continues to lead the industry with groundbreaking innovations. This ever-expanding portfolio reinforces its position as a key player in the global semiconductor value chain.
Frequently Asked Questions
What is the total number of shares for Soitec?
As of August 2024, Soitec has a total of 35,724,746 ordinary shares.
How many voting rights does Soitec currently have?
Soitec has reported a total of 45,641,774 theoretical (gross) voting rights.
Why are voting rights important for investors?
Voting rights are crucial as they determine a shareholder's influence in company decisions, including governance and strategic direction.
What sectors does Soitec serve?
Soitec serves primarily the Mobile Communications, Automotive, and Edge and Cloud AI sectors.
How can investors contact Soitec?
Investors can reach out to Soitec at investors@soitec.com.
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