Previously, on Resolution 29 which should allow moving to electronic voting in time, ( Amending Section 27-4 of the Statute to allow for electronic signature simplified ) we suggest reading a few articles from the site AGEFI: Shareholders will be able to vote by Internet , The vote in Online shareholders causes a stir and More on the case Directvote and they will give you lots of information on current developments of this mode of expression led to grow despite many obstacles. See also on this site Directvote.fr ... strongly that it is so easy!
Furthermore, we report This year, only stockholders of record " pure registered or administered " will receive in early May, documents necessary for their participation in the General Assembly, without any action on their part.
Therefore, ALL shareholders' bearer "should contact their financial intermediaries, regardless of the number of shares held.
Reminder: Securities "BEARER" - "REGISTERED" (pure or administered )
This card will provide all information relating to these three forms of detention, including the difference between "pure registered" or "administered registered", their advantages and disadvantages.
Detention "bearer" means that the shareholder must only steps to inform themselves and participate in the life of the company, unlike detention "registered" where the shareholder is known to the company can contact him directly.
The middle ground between "pure registered" and "bearer", that is to say, "administered registered" gives you the flexibility, centralizing on a single securities account of all your assets and benefits detention of "pure registered". Think
to overcome the problems you face every year at general meetings of shareholders in your capacity as "bearer". The securities must be registered shares at least one month before the general meeting.
So far, the sending of documents by the banks was subject to a minimum number of shares: Holders of 1000 titles and over received automatically - " were supposed to receive" would be more accurate - documents their financial intermediaries; this service was the subject of additional compensation by the company and only holders of less than 1000 titles were soliciting their bank.
Despite the introduction of this system and on the realization of the difficulties faced by shareholders, whoever they are, for in due time the documents, the company has revised its policy and no longer intends to fund a service rendered in an unsatisfactory manner.
Therefore, and regardless of the number of shares that will be held at the shareholder's securities "bearer" of acting.
Intermediaries will soon be the corporate documents, we will indicate here the starting signal.
From that moment, it will be for you to contact your account holders to receive as soon as possible: notice of meeting, voting form, certificate of participation.
Feel free to raise as often as necessary to exercise your rights!
It is worth reminding them that they must make available to shareholders who so request, the documents for participation in the General Assembly under the following sections:
- Art. 322-4 of the AMF General Regulations , extract:
account holders conservative respect in all circumstances, the following obligations: 1 °
custody account every care in the custody of financial instruments and as to ensure the strict accounting for financial instruments and their movements in accordance with procedures. The account holder also makes all his conservative care to facilitate the exercise of rights attached to these financial instruments.
- Art. R. 225-85 of the Commercial Code
The meeting General will be held on Wednesday May 26, 2010.
weekend and within 3 working days imply that your voting instructions to manage your account holder LATER THAN Friday, May 21 to 17 H . (Beware of postal delays, which tend to lengthen ... now!)
(actions must in fact be recorded in account no later than the third business day preceding the meeting or record date: J - 3, which replaces the attestation of capital - see P. 30/32 report on the exercise of voting rights below: 2.'s capital the record date)
Also visit the Eurotunnel site to view the annual accounts as at 31.12.2009 and download all documents that are available to you.
Despite their obligations and regulatory developments, each year shareholders 'bearer' difficulties with their financial intermediaries at General Meetings.
A service improvement is essential to:
- to avoid a second call for lack of quorum and thus significant costs
unnecessary - to enable shareholders to participate in the life of the enterprise in which they invest, which will not constitute an obstacle course!
Violations and unwillingness to be reported to authorities. Remember also that there a mediation service in all banks and branch managers do not like the mention of the word mediator ... ... it's sometimes enough to break a stalemate.
We offer:
- You are a shareholder, all you need to know
- The recommendations of the AMF
- Report on the exercise of voting rights of shareholders in France
(Pages 14 to 44) may enlighten you on many points, participation rates, changing attitudes, regulation, cost of holding a general meeting for company (P.21), securities lending problems in times of AG, difficulties inherent in the holding of securities "bearer" (p. 26 10. - storing bearer complicates the voting process) etc. . Very Interesting ...
in particular to better understand how to route your instructions and the need not to wait until the last moment to show , given the logistics process bank: you will see that the recovery of ballots through a succession of intermediaries. The investigation dates from 2005 and some provisions have already changed, but many problems remain. Services
titles are almost all banks decentralized, we can not contact them directly, and the only party that can be reached is often incompetent in the matter. If he does not back your claim, it remains a dead letter, hence the need to restart until satisfaction. DO NOT HESITATE TO DO and move up the hierarchy if necessary, do not let them forget you !
If you add the ignorance of agency employees in terms of General Assembly, which you often refer to the company, it is imperative that you know well how your rights and to enforce them .
Your bank will never forget you when you charge custody but as the regulations say it must also "give great care to make your exercise rights attached to your trading account!
- AMF survey showing that financial intermediaries performing their duties at the General Meetings so mixed.
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