If a tag along is stipulated, a minor shareholder can decide to sell their shares as well if the major shareholder decides to sell. The minor shareholder can “tag along” with the sale, but is not obligated to. This is used to protect the minor shareholder, because they may not be looking forward to working with the buyer.
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