Members and Shareholders
Holders of Cattolica shares can be divided into Members and Shareholders
A shareholder holds capital-related rights, such as collecting dividends and participating to capital increases; Members, on the other end, hold adminsitrative rights such as the right to attend General Meetings.
A Member who is a natural person may be registered in the Register of Members for a percentage of capital up to and no greater than 0.5%. A Member who is a legal person may be registered in the Register of Members for a percentage of capital up to and no greater than 5%. It is without prejudice to the possibility of a Member to own a percentage of capital greater than the limit established by the Articles of Association, in such case the shareholding remains, for the purpose of exercising administrative rights, in any case limited to that limit (art. 19). Membership is subject to the ownership of at least 300 shares, the lack of which leads to Membership expiry (art. 18).
Holders of ordinary Cattolica shares can be divided into two classes of shareholders:
- Retail investors (Natural persons, simple companies)
- Institutional investors (Mutual investment funds, pension funds, savings management companies, variable capital investment companies, banks, insurance companies, stockbrokers, other companies and institutes).
Cattolica’s share capital is made up of 174,293,926 shares.