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- What rights do I have as a shareholder of Vzajemna?
- Vzajemna shares are ordinary shares that generally grant their holders the following rights:
- Right to co-management. The holder of a share has voting rights and may participate in the general meeting, propose counter-resolutions, ask questions, take part in discussions, and vote on proposed resolutions within the prescribed deadlines and in accordance with the law and Vzajemna’s Articles of Association.
- Right to information. As shareholders, you have the right to be informed in accordance with the law. Since Vzajemna will be a public limited company, it must disclose more information than other companies, publish it on a designated website, and ensure equal access to information for all shareholders.
- Right to share in profits. If Vzajemna generates a profit, it belongs to its shareholders, who may receive it in the form of dividends. The payment of dividends is decided by shareholders at the general meeting.
- Pre-emptive right in the event of a capital increase. In the event of an increase in Vzajemna’s share capital, existing shareholders have a pre-emptive right to subscribe to new shares, unless this right is lawfully excluded.
- Right to a share of residual assets. In the event of liquidation or bankruptcy of Vzajemna, a shareholder has the right to an appropriate share of the remaining assets.
- Right of disposal. A shareholder may freely dispose of their share, meaning they may sell or encumber it (for example, pledge it). This right is restricted until the shares are listed on the stock exchange.
- Will I receive a dividend?
- The payment of dividends and their amount are not guaranteed. Dividends are paid if the company records a profit that may legally be distributed in accordance with statutory and Articles of Association restrictions, and if the shareholders at the general meeting vote in favor of dividend distribution.
Vzajemna stated in the prospectus that it has not yet adopted a dividend policy. A dividend policy is usually a predefined formula used as a general guideline for calculating the amount of dividends. Consequently, it is difficult to estimate the potential amount of Vzajemna’s dividends.
- How can I attend the general meeting as a shareholder?
- The general meeting is the supreme body of a public limited company, and all shareholders have the right to participate in it. The company invites you to the general meeting (notice of meeting), and the invitation, including the agenda and supporting materials, is published on the company’s website as well as on LJUBLJANSKA BORZA - SEOnet.
The Articles of Association of Vzajemna allow for a virtual general meeting, but prior registration is required to attend. Vzajemna must inform you about the conditions for participation in the general meeting and the manner of exercising your rights in the published materials.
You may also participate in the general meeting through a proxy, who exercises your voting rights on your behalf and to whom you may give voting instructions.
- Am I required to sell my Vzajemna shares?
- No, you are not required to sell your Vzajemna shares.
After they are listed on the stock exchange, you may freely dispose of them. You may keep the shares, sell them partially or in full, or purchase additional shares. The decision on how long you remain a shareholder and how many shares you hold is entirely yours.
- Can I lose money?
- If the share price were to fall, you would receive less money upon selling them than the nominal value of your holding at the time of the transformation (or the purchase price in the case of subsequently acquired shares). In that case, you would realize a loss.
You can read more about this and other risks in Vzajemna’s prospectus.
