Employee Shareholders do not hold shares directly, but units in a Mutual Fund (FCPE) invested in shares. Thus, whatever the amount invested by the Employee Shareholder, it is possible to convert it into a number of shares, with fractions of shares. But when voting for the resolutions of the General Assembly, only a whole number of shares is taken into account. For example, an Employee Shareholder with 23.45 shares will exercise 23 voting rights. The remaining 0.45 are “broken”.
The sum of fractional shares of all Employee Shareholders represents several tens of thousands of voting rights. These are exercised by the FCPE Actions Supervisory Board.