The ASK shares can be held as registered or bearer’s shares, to the choice of shareholders.
In compliance with art. L.211-3 of the French Monetary and Financial code, they have to be held in an account managed by, as the case might be, ASK or an appointed financial intermediary.
As a consequence, the rights of the shareholders are represented by the deposit of the share on an account open in their name in the books:
- of Société Générale, mandated by ASK for the shares held in direct registered form;
- of a financial intermediary of their choice and of Société Générale, mandated by ASK, for shares held in a administered registered form; and
- of a financial intermediary of their choice for the shares held in a bearer’s form.
In compliance with art. L.211-15 and L.211-17 of the French Monetary and Financial code, shares are transferred by account transfer, and the change of ownership shall result from their registration in the account of the acquirer.