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Recital 11

Recital 11

(11)Adopting or modifying an MVS structure, with a view to seeking admission to trading, usually requires an amendment of a company’s articles of association. To provide for fair treatment of shareholders, Member States should require that adoption or modification of an MVS structure with a view to seeking admission to trading, as well as any subsequent modification of an MVS structure in a way that affects the voting rights, should be subject to a decision by the general meeting of shareholders (‘general meeting’) by at least a qualified majority as specified under national law. Where there are several classes of shares, such decisions should also be subject to a separate vote in each class of shares the rights of which are affected.

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