The stock exchange life of an issuer makes him try to
know his shareholder in order to develop the financial communication and
control his capital.
Thanks to its function of central depository,
STICODEVAM is able to offer shareholders management services for all the
accepted companies. STICODEVAM organizes information collection and
publication concerning shareholders. In December 1995, STICODEVAM
deployed an efficient shareholders management system:
The simplified
registry. This tool enables companies to have, on request, a partial
or total image of their shareholders.
Every stock transfer, in particular on Exchange, must
be written down in the issuer register in order to manage nominative
securities.
The issuer company is able to insure its nominative
securities management providing that it gets the right tools. It can
also entrust this responsibility to STICODEVAM by opting The simplified
nominative which consists on intermediaries holding securities accounts
information collection.
The principle is: since intermediaries holding
securities account are STICODEVAM members, they are supposed to handle
their clients position which is a part of the issuer nominative
register. The issuer can ask members the shareholders list for a
determinate date.
The shareholders lists are transmitted to STICODEVAM
by intermediaries holding securities accounts. STICODEVAM checks the
coherence between the total number of shares hold by intermediaries and
the total quantity hold in STICODEVAM accounting system. STICODEVAM
transmits a consolidated shareholders list to issuer. This process,
which is called "SIMPLIFIED REGISTRY" is not compulsory. Each issuer
have the choice between this STICODEVAM process and his own shareholders
management. |