The two-year period starts running from the date of registration of the nominative shares in the share register. KBC Ancora uses the LIFO-method ("last in, first out") to calculate the period of two consecutive years. For the same registered shareholder, the most recently acquired shares are the first shares that will be deducted from his overall holding of nominative KBC Ancora shares in the event of subsequent transfer or dematerialization.
Double voting rights lapse as from the date of deletion from the aforementioned register, except in the cases provided for by law in accordance with Article 7:53 of the Belgian Companies and Associations Code.
If the shares are held by a company or an issuer of depositary receipts, KBC Ancora must be notified as soon as possible of any change of control resulting in the loss of double voting rights.
In application of Article 15 of the Act of 2 May 2007 on the disclosure of major holdings in issuers whose shares are admitted to trading on a regulated market ("Transparency Act"), KBC Ancora will disclose the total capital, and the evolution of the total number of voting securities and of the total number of voting rights, no later than at the end of each calendar month in which one of these numbers has risen or fallen.
This information allows KBC Ancora-shareholders to determine whether they are above or below the statutory notification threshold of 3% or the legal thresholds of 5%, 10%, ... (and other multiples of five) of the total voting rights, and whether, as a result, there is an obligation to notify the crossing of this threshold.
Read the latest information on the total number of voting rights.
