Understanding VGP's Share Capital and Voting Rights
In the realm of corporate governance, the accurate disclosure of share capital and voting rights is crucial for ensuring transparency and maintaining shareholder trust. VGP, a prominent player in the European real estate and renewable energy sector, adheres to the stipulations set forth in the Law of May 2, 2007. This law mandates companies to disclose essential information about their share capital, voting rights, and any amendments on a monthly basis when such changes occur.
Current Share Capital Situation
As of the end of November, VGP reported a total share capital amounting to €136,091,705.08. This figure represents the total monetary value of the company's outstanding shares. An important element of this disclosure is the total number of securities with voting rights, which currently stands at 27,291,312. Additionally, VGP has indicated that 15,473,996 of these shares hold double voting rights, amplifying their influence in the corporate decision-making process.
The Denominator—Total Voting Rights
Understanding the total number of voting rights, referred to as the denominator, is essential for shareholders. As of the latest updates, VGP's total voting rights are quantified at 42,765,308. This number serves as a necessary baseline for notifying shareholders about significant shareholdings, reinforcing the importance of transparent communication within the company.
Double Voting Rights Explained
VGP's approach to double voting rights is noteworthy. Under specific conditions prescribed in their bylaws, fully paid-up registered shares—those held by the same shareholder for at least two consecutive years—qualify for double voting rights. It's important to note that dematerialized shares do not enjoy this privilege. The method applied by VGP to calculate this holding period utilizes the LIFO (last in, first out) principle, ensuring that the most recently acquired registered shares are considered first in any transfer scenario. This approach guarantees the effective management of shareholder rights and privileges.
Importance of Accurate Share Registration
Timely notifications regarding any transfers of registered shares play a pivotal role in maintaining VGP’s share register. Such diligence is essential for updating the total count of registered shares with double voting rights accurately. Shareholders must communicate any transfers promptly to ensure that VGP’s records reflect the current ownership structure. This process upholds the integrity of the voting rights system and contributes to fair governance.
Who is VGP?
VGP is recognized as a leading owner, manager, and developer of high-quality logistics and semi-industrial properties across Europe. With a robust business model that incorporates extensive experience and expertise throughout the entire value chain, VGP has established itself as a key player in the real estate market. Established in 1998, VGP has seen substantial growth and now operates in 17 European countries, employing around 372 individuals. The company’s Gross Asset Value reached €7.4 billion, coupled with a Net Asset Value (EPRA NTA) of €2.3 billion as of mid-2024. Notably, VGP is traded on Euronext Brussels under the ticker symbol VGP.
Frequently Asked Questions
What is the total share capital of VGP?
The total share capital of VGP as of November 2024 is €136,091,705.08.
How many voting rights does VGP currently have?
VGP currently has a total of 42,765,308 voting rights.
What are double voting rights?
Double voting rights are granted to registered shares held for at least two consecutive years, allowing those shareholders greater influence in company decisions.
What is VGP's business focus?
VGP focuses on developing high-quality logistics and semi-industrial properties, alongside renewable energy solutions throughout Europe.
Where is VGP listed?
VGP is listed on Euronext Brussels with the ticker symbol VGP.
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