Banken for en verden i endring The bank for a ... - BNP Paribas

media.cms.bnpparibas.com

Banken for en verden i endring The bank for a ... - BNP Paribas

• shareholders’ information

Disclosure thresholds

In addition to the legal thresholds, and in

accordance with Article 5 of the Bank’s Articles

of Association, any shareholder, whether acting

alone or in concert, who comes to hold directly

or indirectly at least 0.5% of the capital or voting

rights of BNP Paribas, or any multiple of

that percentage up to 5%, is required to notify

BNP Paribas by registered letter with return

receipt.

Once the 5% threshold is reached, shareholders

are required to disclose any increase in their

interest representing a multiple of 1% of the

capital or voting rights of BNP Paribas.

The disclosures provided for in the above two

paragraphs are also required in cases where

a shareholder’s interest falls below any of the

above thresholds.

In the case of failure to comply with these disclosure

requirements, the undisclosed shares

will be stripped of voting rights at the request

of one or more shareholders who hold a combined

interest of at least 2% of the capital or

voting rights of BNP Paribas.

58 BNP PARIBAS AND ITS STAKEHOLDERS

More magazines by this user
Similar magazines