EssilorLuxottica's Share Capital and Voting Rights Explained

Overview of EssilorLuxottica

EssilorLuxottica is a prominent global company known for designing, manufacturing, and distributing ophthalmic lenses, frames, and sunglasses. As of April 30, 2024, EssilorLuxottica disclosed significant details regarding its share capital and voting rights outstanding.

This disclosure helps stakeholders understand the company’s current financial and governance structure as regulated by various guidelines and bylaws.

Share Capital Breakdown

Share capital is the money a company raises by issuing common or preferred stock. For EssilorLuxottica, this amount reflects the value of shares that have been distributed to shareholders.

As per the latest update, there is a detailed distribution of shares, which is crucial for both investors and financial analysts since it provides insights into the company's valuation and ownership distribution.

Voting Rights Capping

One distinct feature of EssilorLuxottica’s governance is the capping of voting rights at 31% for any single shareholder. This rule ensures a balanced governance structure by preventing any single entity from having too much control.

This capping is outlined in Article 23 of the company's bylaws, which means individual shareholders must adhere to this limit regardless of the number of shares they own.

Regulatory Compliance

EssilorLuxottica is bound by French Commercial Code and the Autorité des Marchés Financiers (AMF) regulations. Article L.233-8 II of the French Commercial Code and articles 221-1 and 223-16 of AMF’s General Regulations are pivotal in guiding the company’s disclosures and financial reporting.

The company follows these guidelines meticulously to ensure transparency and maintain investor trust. This compliance is also necessary for the company’s listing and trading on stock exchanges.

Investor Information and Resources

For investors seeking more detailed information, EssilorLuxottica provides comprehensive financial documents. The Prospectus, which outlines detailed financial data and company structure, received Visa No. 18-460 from the AMF on September 28, 2018.

Additionally, the Securities Note Supplement, available on the company's website, provides updated and supplementary information, also validated by the AMF on October 23, 2018.

Importance of Transparency

Transparency in financial disclosures is critical for maintaining investor confidence and ensuring regulatory compliance. By providing detailed disclosures on share capital and voting rights, EssilorLuxottica positions itself as a reliable and trustworthy entity in the financial markets.

This transparency benefits all stakeholders, including investors, analysts, and regulatory bodies.

Accessing Governance Documents

EssilorLuxottica’s bylaws and other governance-related documents are readily available on the company’s website. These documents cover extensive details on the company's operational and governance frameworks.

Stakeholders are encouraged to consult these publications to stay informed about any changes or updates in the company's governance policies.

Conclusion

EssilorLuxottica's recent disclosure of its share capital and voting rights exemplifies the company's commitment to transparency and regulatory compliance. This act ensures that all stakeholders are well-informed about the company’s financial and governance structures.

Investors and interested parties should regularly review the available resources on the company’s website to remain updated on any future developments.