Multiple-vote share structures for SMEs

by name voted on 24.04.2024

Summary

A proposal to allow companies seeking admission to trading on SME growth markets or MTFs to use multiple-vote share structures. This helps controlling shareholders retain influence while raising capital, provided minority rights are protected.

9 24.04.2024

Report

economy

finance

public administration

business and competition

simplification of legislation

Key points

Enables controlling shareholders of SMEs and start-ups to retain decision-making power after listing on public markets.
Harmonizes regulations across EU Member States to reduce barriers for companies seeking capital.
Implements safeguards such as maximum voting ratios to prevent excessive control by a single shareholder.
Requires transparency through a unique stock marker to identify companies with these special structures.

Vote

PPE

S&D

Renew

PfE

Verts/ALE

ECR

The Left

NI

ESN

Total

Documents (PDFs)

PROVISIONAL AGREEMENT RESULTING FROM INTERINSTITUTIONAL NEGOTIATIONS Proposal for a directive of the European Parliament and of the Council on multiple-vote share structures in companies that seek the admission to trading of their shares on an SME growth market DRAFT OPINION on the proposal for a directive of the European Parliament and of the Council on multiple-vote share structures in companies that seek the admission to trading of their shares on an SME growth market DRAFT REPORT on the proposal for a directive of the European Parliament and of the Council on multiple-vote share structures in companies that seek the admission to trading of their shares on an SME growth market OPINION on the proposal for a directive of the European Parliament and of the Council on multiple-vote share structures in companies that seek the admission to trading of their shares on an SME growth market REPORT on the proposal for a directive of the European Parliament and of the Council on multiple-vote share structures in companies that seek the admission to trading of their shares on an SME growth market Multiple-vote share structures in companies that seek the admission to trading of their shares on an SME growth market

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