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REGISTERED AND BEARER SHARES |
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BEARER SHARES
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Custodian
Financial Institution (bank, broker, etc) |
Advantages
- Single Share Account Possible
- Easy to manage and negotiate |
Disadvantages
- Custody fee payable
- Need to own at least 80 shares to automatically receive a notice to attend the AGM. Under this number, the form for admittance must be requested to your financial institution.
- 1 day blocked period for shares prior to the AGM |
ADMINISTERED REGISTERED SHARES
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Custodian
Financial Institution (bank, broker, etc) |
Advantages
- Single Share account possible
- Automatic receipt of:
• Letter to shareholders
• The Shareholder’s Handbook
• The Shareholder’s Figures
• Annual Report
- Written notice to attend the AGM
- No blocked period certificate to attend the AGM
- Double voting rights after 2 years. |
Disadvantages
- Custody Fee Payable
- No immediate market sale. A period is needed for the financial institution to convert the shares into bear (au porteur) shares.
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FULLY REGISTERED SHARES
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Custodian
BNP PARIBAS
Securities Services
BP2s/GIS – Emetteurs
Adhérents Euroclear 30
Immeuble Tolbiac
75540 Paris Cedex 90
Tel: + 33 (0)1 40 14 80 12
Fax: + 33 (0)1 55 77 34 17 |
Advantages
- No custody fee.
- Immediate purchase and sale on the market by placing your order through the telephone numbers listed above or via the specific website GISNOMI.
- Automatic receipt of Saint-Gobain documents listed above.
- Reduced brokerage fees:
• 0.3% excl. VAT (+ trade tax of 0.3%). No blocked period certificate to attend the AGM.
- Double Voting Rights after 2 years.
GISNOMI is a dedicated and secured Internet site (access by individual code and password) where you can directly manage your fully registered share account on-line. It allows you to:
- consult your credits, your administrative data and historical transaction data
- update your administrative data
- take orders (purchase and sale) and follow your transactions
- download administrative documents
 Direct access to GISNOMI
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Disadvantages
- No single share account.
- When placing registered shares in a PEA (share savings plan), your financial institution may charge a fee related to its own management expenses.
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