Introduction of a double voting right (loyalty voting right Sample Clauses

Introduction of a double voting right (loyalty voting right. The Company also proposes to introduce a double voting right (so-called "loyalty voting right") in accordance with Article 7:53 CCA as introduced in the new Code of Companies and Associations by the legislator in order to reward and stimulate the long term involvement of shareholders. The Manager is of the opinion that this is in the interest of the Company as this instrument rewards and stimulates loyal shareholders and a stable shareholding enables the Company to focus on the development and implementation of a long-term vision and strategy as an integrated real estate group. The Manager emphasises that the double voting right is granted to all shareholders who meet the following legal conditions. Fully paid up shares which have been registered in the register of registered shares continuously for at least two years in the name of the same shareholder would be granted a double voting right compared to the other shares representing an equal part of the capital. The two-year period starts on the day the registered shares are registered in the register of registered shares of the Company, even if such registration has taken place before the adoption of the provision in the articles of association introducing the double voting right. This means that all shares in the Company that have already been held by the same shareholder in the register of registered shares of the Company for two years without interruption on the date of the EGM would enjoy a double voting right after the EGM as long as these shares are not transferred (subject to limited legal exceptions) or dematerialised. The new shares in the Company that will be issued within the framework of the LREM contribution and the Extensa contribution (as defined below) will only enjoy a double voting right two years after the date of the EGM and provided that the other conditions are fulfilled (in particular that these new shares have not been transferred (subject to limited legal exceptions) or dematerialised). The 1,778,352 existing shares in the Company which are held by AvH fulfil the conditions to benefit from a double voting right. In total, based on the registrations in the register of registered shares of the Company on the date of this Note, 1,804,668 existing shares in the Company will be entitled to a double voting right after the EGM.10
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