Understanding VGP's Shareholding and Voting Rights Structure

Overview of VGP's Share Capital and Voting Rights

In accordance with relevant regulations, VGP ensures transparency by regularly updating its stakeholders on its share capital and voting rights. This information is crucial for shareholders as it facilitates informed decisions and enhances trust in the governance of the company.

Current Shareholding Situation

As of the end of the last month, VGP’s total share capital stands at €136,091,705.08, with a total of 27,291,312 securities granted with voting rights. Notably, there are also 15,725,865 securities with double voting rights, culminating in a total of 43,017,177 voting rights, which serves as the denominator for notifying major shareholders.

The Importance of Voting Rights

Voting rights are a significant aspect of corporate governance as they allow shareholders to influence decisions that shape the future of the company. The total number of voting rights is pivotal for shareholders, especially during important votes regarding management decisions, mergers, and other critical corporate actions.

Double Voting Rights Explained

At VGP, fully paid-up registered shares that are in the name of the same shareholder in the share register for a duration of two consecutive years are entitled to double voting rights. This means that shareholders who maintain their investment over time can have a greater influence on corporate matters.

Calculating the Holding Period

VGP employs the LIFO (Last In, First Out) method to calculate this holding period. According to this approach, for the same shareholder, the most recently acquired shares are the first to be considered for deduction if a transfer occurs. This systematic method ensures an organized and fair approach to managing voting rights.

Significance of Keeping Records Updated

For VGP, it is essential to maintain an up-to-date register of registered shares and their voting rights. Timely notifications from shareholders regarding any transfers are necessary for ensuring accuracy in the share register. Any shares that are converted to dematerialised format or transferred lose their double voting rights immediately, which underscores the need for vigilance in record-keeping.

About VGP

VGP is a leading owner, manager, and developer of high-quality logistics and semi-industrial properties across Europe, also providing innovative renewable energy solutions. Founded in 1998 in the Czech Republic, VGP has developed a robust business model based on extensive experience and has grown to employ around 372 FTEs across 17 European countries through various joint ventures. With a Gross Asset Value of €7.4 billion and a Net Asset Value (EPRA NTA) of €2.3 billion, VGP is a notable player in the real estate sector, listed on Euronext Brussels.

Frequently Asked Questions

What is VGP's total share capital?

VGP's total share capital is €136,091,705.08 as of the latest report.

How many voting rights does VGP currently have?

VGP has a total of 43,017,177 voting rights, which serves as the denominator for shareholder notifications.

What are double voting rights?

Double voting rights are granted to fully paid-up registered shares held by the same shareholder for at least two consecutive years, allowing more influence in corporate governance.

What method does VGP use to calculate shareholding periods?

VGP uses the LIFO (Last In, First Out) method to determine the holding period for registered shares.

Why is it important for VGP to keep the share register updated?

Maintaining an updated share register is crucial for ensuring accurate tracking of voting rights and shareholder influence, particularly during significant corporate decisions.

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