To date, 100% of Bondora’s issued shares are fully paid and duly registered. The holders of the shares are entitled to receive the remaining profits, if any, as declared from time to time in accordance with Bondora´s articles of association. They are also entitled to one vote per share at Bondora’s general meetings; however, the shares are divided into three classes, with each having somewhat different rights.
Moreover, as a shareholder of Bondora, the subsidiary of Valinor Management LLC has certain specific rights that are prescribed in the articles of association, including, for example, veto rights over a limited number of shareholders’ resolutions. Bondora’s share register is maintained and held by the ECRS.
The general meeting of shareholders is Bondora’s highest governance body. An annual shareholders’ meeting must be held every year; an extraordinary cases, shareholders’ meeting may be called by the Supervisory Board on its own initiative or at the request of the Supervisory Board or shareholders holding in aggregate not less than 5% of Bondora’s share capital. Each Bondora shareholder carries the right to cast one vote at any shareholders’ meeting.