Understanding VGP NV's Voting Rights and Shareholder Information
Understanding VGP NV's Voting Rights and Shareholder Information
VGP NV is committed to transparency and keeping its shareholders informed. The company regularly discloses its share capital and the total number of voting rights available to its shareholders. This practice is in accordance with regulations governing companies listed on the stock exchange, ensuring that all stakeholders have access to essential information regarding their investments.
Current Situation of Share Capital
As of September 30, 2024, VGP’s share capital amounts to an impressive €136,091,705.08. This reflects a robust financial standing, showcasing the company's stability in the market. Alongside this capital, the total number of voting rights is recorded at 39,710,662, which is critical for ensuring that shareholders can effectively exercise their rights during company decisions.
Details of Voting Rights
The breakdown of these voting rights reveals that VGP has 27,291,312 securities with voting rights, alongside an additional 12,419,350 securities that carry double voting rights. This dual structure allows shareholders who hold their registered shares for a minimum of two consecutive years to benefit from enhanced voting power, thus incentivizing long-term investment.
The Importance of Shareholder Notifications
VGP NV underscores the need for its shareholders to inform the company of any changes to their registered shares. This is essential to maintain accurate records within VGP’s share register. If shares are converted to dematerialised status or transferred, they lose their eligibility for double voting rights. Maintaining up-to-date records is paramount, as it allows the company to accurately assess shareholder rights and obligations.
Shareholder Engagement and Double Voting Rights
For shareholders, it is crucial to understand how double voting rights are conferred. According to VGP’s policies, shares that have been registered in a single shareholder's name for at least two years effectively enhance their voting influence within the company. This policy aims to reward loyalty among investors and reflects the company's commitment to fostering long-term relationships with its shareholders.
About VGP NV
Founded in 1998, VGP is a prominent player in the European real estate market, focusing on high-quality logistics and semi-industrial properties. With a diverse portfolio spanning 17 European countries, VGP has established itself as a leader in its field. As of December 2023, the Gross Asset Value of the company, inclusive of joint ventures, reached €7.4 billion, while the Net Asset Value stood at €2.3 billion. These figures reflect VGP’s solid financial foundation and resilience in the ever-changing real estate landscape.
VGP’s integrated business model supports its operational efficiency, enabling the company to manage the full lifecycle of property development. Employing around 372 full-time equivalents, VGP is equipped with vast expertise to navigate the complexities of real estate development and investment.
Frequently Asked Questions
What is the total share capital of VGP NV?
The total share capital of VGP NV is €136,091,705.08 as of September 30, 2024.
How many voting rights does VGP NV have?
VGP NV has a total of 39,710,662 voting rights available to its shareholders.
What are double voting rights and how are they granted?
Double voting rights are granted to shareholders who hold fully paid-up registered shares for at least two consecutive years, incentivizing long-term investment.
What happens to double voting rights if registered shares are transferred?
If registered shares are transferred or converted to dematerialised shares, they lose their double voting rights from the moment of transfer or conversion.
What is VGP NV's Gross Asset Value?
As of December 2023, VGP NV's Gross Asset Value is €7.4 billion, reflecting its strong position in the real estate market.
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