Depositary Receipts are also known as Certificates of Shares. When a share is transferred to a foundation (in the Netherlands a STAK), this foundation then issues a certificate of a share. This certificate gives entitlement to several things, for instance dividend that comes in on the underlying share or the value increase at a moment of sale of the underlying share and sometimes even the voting rights. Trust Conditions stipulate which rights are attached to the certificate. Briefly put, a certificate is a guarantee that gives you rights that derive from a share.
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/investRead more
Just 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.Read more