The Minister of Justice has sent a letter to parliament in which he describes the features of possible statutory provisions regarding long-term shareholding and loyalty rights. These provisions would allow listed companies to award extra voting rights or dividend to shareholders who have held their shares for a longer period, as specified in the company's articles of association. The loyalty rights would lapse on transfer of the shares.
The Minister wants to exchange views with experts on this issue in the near future.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.