 |
|
 |
SHAREHOLDER RIGHTS |
|
| |
Voting rights
Each share is allocated a voting right. This right is exercised during the General Meetings of Shareholders. For the Saint-Gobain shareholder, a double voting right is allocated to all fully paid-up registered shares held by the same shareholder for at least two years.
Right to participate in capital operations
This right is exercised in two ways:
- A preferential subscription right
A cash capital increase will first be offered to existing shareholders. This right attached to a listed share is negotiable on the market.
However, at an Extraordinary General Meeting, the company may ask its shareholders to renounce their preferential subscription right, or to decide to waive this right to benefit certain shareholders.
- An allocation right
The earnings carried forward, owned by the shareholders, can be incorporated into the equity; in this case, free shares are created for the shareholders. This right is negotiable on the market. It enables shareholders without the exact number of shares needed to benefit from the allocation of free shares to buy or sell rights. |
|
