Parliament adopts directive on multiple-vote shares for SME markets
Decision
The European Parliament adopted the report A9-0300/2023 and approved a provisional agreement on the proposal for a directive on multiple-vote share structures in companies that seek admission to trading on an SME growth market, recorded as P9_TA(2024)0352 by a majority of votes cast. Parliament’s first reading was closed following this adoption.
What Changes
The adoption finalises Parliament’s position at first reading and records a provisional agreement on the Commission proposal for a directive addressing multiple-vote share structures for companies targeting SME growth markets. Compliance teams, exchanges and listed companies should track the directive as it progresses since it establishes Parliament’s agreed stance on the issue.
Who Is Affected
The decision directly concerns the European Union, companies seeking admission to SME growth markets, stock exchanges and investors.
Sources
Official Documents
- Wednesday, 24 April 2024 - Strasbourg Parliament adopted a provisional agreement, closing its first reading on the directive on multiple-vote share structures for SME growth market listings.
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