The company decides who can be granted depositary receipts. There are for instance companies on our platform which have chosen to provide depositary receipts to contractors or suppliers as well!
Find out more.There are different options regadering the proportion in which you give out depositary receipts: 1:1, 1:2, 1:5, 1:10, 1:20, 1:25, 1:50, 1:100, 1:1000. When making a choice it is important to take into account how many people will participate and what the value of a share is. For instance, if a share is valued at €100 and you want to keep the threshold for people to participate low, you could choose to give out 100 depositary receipts per share. Then a depositary receipt will be valued at €1. This does mean that the distribution that comes in on that share will be divided over 100 depositary receipts.
Amsterdam-based social enterprise Share Council, a FinTech startup focused on “closing the capital wealth gap by making every SME employee co-owner”, announced on Tuesday that it is proud to have raised over €1M in funding from The Sharing Group (known from MyWheels & Mijndomein) and a network of strategic angel investors. Share Council is build on the premise of “everyone a co-owner”, hence the last 100k of stock is now publicly coming available, see sharecouncil.co/invest
Read moreJust 5 Million EU employees own equity in the company they work for. This creates a staggering divide and it leaves Europe behind in the race for global talent.
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