There are alternative methods by which you can become a Believe shareholder:
- You can buy Believe shares from a bank or broker who will act as custodian of your securities account.
- You can buy shares through BNP Paribas Securities Services, which manages Believe’s shareholding services. (You have the option of holding your shares in fully registered form).
- Please refer to the section below for further information.
As French legislation and Believe’s by-laws currently stand, the main rights attached to Believe’s shares are as follows:
- dividend and profit-sharing rights of Believe (in case it is decided to distribute dividends)
- right to participate in general shareholders’ meetings
- voting rights, being specified that a double voting right will be granted to any share that has been registered for a continuous period of two years in the name of the same shareholder (from the date of admission of the Company’s shares to trading on Euronext Paris)
- preferential subscription right for securities of the same category
- right to participate in any surplus in the event of liquidation.
As a shareholder of Believe, you become the owner of a portion of its capital.
As co-owner of the company, the shareholder is associated with its development, but also with its risks. However, these are limited to the amount of its capital share, regardless of the debts contracted by the company. Shareholders only bear losses up to the amount of their contributions.
How the shares may be held
Your shares may be held in a securities account in your name in one of the following three forms: bearer shares, managed registered shares or fully registered shares.
Bearer shares
Bearer shares are held in a share account with a bank or broker of your choice. You can therefore group all the shares in your portfolio in the same account. This account records all transactions related to shares (purchases, sales, secondment of rights).
If you wish to hold bearer shares, you may contact your broker who will help you to acquire Believe’s share.
However, you are only identified by the company on an ad hoc basis (in bearer share surveys conducted by Euroclear France) and therefore you do not receive notices of Shareholders’ General Meetings.
Fully registered shares
Your shares are registered and held in the Securities Department of a broker appointed by Believe to manage its fully registered shareholders:
BNP Paribas Securities Services
9 rue du Débarcadère
93 500 Pantin, France
You are identified by Believe and will therefore receive the notices of Shareholders’ General Meetings.
You benefit from free custody fees and double voting rights allocated to all fully paid-up shares for which proof of registration as registered shares for at least to years has been provided, in the name of the same shareholder
To become a fully registered shareholder, simply ask your broker to transfer your shares to BNP Paribas Securities Services. The cost of this operation is defined by your broker.
Managed registered shares
If your shares are in managed registered form, they are held in a securities account with the broker of your choice. They are recorded in Believe’s records. You have a single securities account for your entire share portfolio, but you do not benefit from free custody rights.
You are identified by Believe and will therefore receive the notices of Shareholders’ General Meetings.
In addition, you benefit from double voting rights allocated to all fully paid-up shares for which proof of registration as registered shares for at least two years has been provided, in the name of the same shareholder.
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