When a company’s stocks or shares are held by a large number of shareholders, whose relations are governed by shareholders’ agreements, it is convenient to register the company’s entire share capital in the name of a trust company like ours.
The entire share capital is registered in the name of the trust company after a trustee mandate has been signed by each shareholder about their shareholding. This registration does not prevent those signing the mandate from maintaining their decision-making autonomy in shareholders’ meetings as the trust company can vote separately for each mandate and to be absent or present following the intention of each trustor.
The trustors remain the beneficial owners of their shares.
The only obligation imposed on the trustor shareholders by the presence of the trust company, as formal holder of the entire share capital, is that they have to apply all the provisions of the shareholders’ agreements, which the trust company signed for acknowledgment when accepting the assignments.
Nettuno’s presence as an ‘independent third party’ guarantees the participation of all the shareholders and full compliance with the formal agreements between them.
