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Can please explain the one share one vote principle and the break through rule. i dont get it when i read it from book.
One share one vote means exactly that – to stop shareholders blocking a takeover because they have multiple votes.
I certainly would not worry about the breakthrough rule (since only the three Baltic States have adopted it – other EU countries have opted out). Again the basic idea of it is to stop shareholders blocking a takeover – they can’t impose restrictions on transfers of shares etc. once a bid has been made.
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