Become a shareholder
There are alternative methods by which you can become a Verallia shareholder:
- You can buy Verallia shares from a bank or broker who will act as custodian of your securities account or equity savings plan (plan d'épargne en actions: PEA). (You have the option of either holding your shares as bearer shares or keeping them in a managed registered account)
- You can buy shares through Société Générale Securities Services, which manages Veralia’s shareholding services. (You have the option of holding your shares in fully registered form).
- Please refer to the Section “Type of shareholding” for further information.
As French legislation and Verallia's by-laws currently stand, the main rights attached to Verallia's shares are as follows:
- dividend and profit-sharing rights of Verallia,
- 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,
- preferential subscription right for securities of the same category,
- liquidation surplus right
As a shareholder of Verallia, a global leader in glass packaging, 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.
Type of shareholding
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 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 Verallia’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 Verallia to manage its fully registered shareholders:
Société Générale Securities Services
Relations Actionnaires Verallia
32 rue du Champ de Tir, CS 30812
44308 Nantes Cedex 3 – France.
You are identified by Verallia 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 Société Générale 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 Verallia's records. You have a single securities account for your entire share portfolio, but you do not benefit from free custody rights.
Summary of shareholding methods
|SHARES||BEARER SHARES||REGISTERED SHARES|
|MANAGED REGISTERED SHARES||FULLY REGISTERED SHARES|
|Custodial institution||Your bank or broker.
Verallia will not be informed of your name
|Your bank or broker.
Verallia will be informed of your name
|Société Générale Securities Services.
Verallia will be informed of your name
|Management fees||You pay the management fees based on rates set by your bank or broker||Management fees are paid by Verallia|
|Buy and sell orders||Sent to your bank or broker||Sent to Société Générale Securities Services|
|Tax return||Your bank or broker will send you a fiscal summary (IFU) that includes all movements in your share account||Société Générale Securities Services will send you a fiscal summary (IFU) setting out all transactions concerning Safran shares|
|Notices of Shareholders' Meetings||You need to ask your bank or broker to send you Notices of Meetings||Directly sent to your home|
|To participate in Shareholders' Meetings||You need to show an admittance card or a certificate from your bank or broker stating that the shares are recorded in your account, as well as proof of identity||You simply need to show your admittance card or proof of identity|
|Voting rights||One vote per share||Shares registered in the name of the same holder for at least two years carry double voting rights|