What are participation certificates?
Antwort
Participation certificates, as defined in Art. 656a para. 2 CO, are securities that represent a share in a company’s equity without voting rights. Holders of participation certificates (participants) enjoy essentially the same economic rights as shareholders, including the right to dividends (Art. 660 CO), subscription rights (Art. 652b CO), and liquidation proceeds (Art. 745 para. 1 CO). The company’s articles may, under Art. 656b CO, grant preferential rights such as preferred or cumulative dividends to compensate investors for the absence of voting rights.
Weitere relevante Fragen
Is the Communication Generator free to use?
Yes. The Communication Generator is free to use.
Does every shareholder or member qualify as a beneficial owner?
No. The fact that a company requests information from a shareholder or member does not automatically mean that this person is a beneficial owner. Indirect structures, acting in concert and other means of control may also be relevant.
Does the Communication Generator identify the beneficial owners?
No. The generator supports communication and information gathering. The actual assessment of who qualifies as a beneficial owner and who must be reported to the transparency register takes place afterwards. Konsento’s Transparency Register Reporting Assistant can be used for this assessment.