As the manager of the civil society "Share SUPPORT" (VIDEO), VZMD – who is constantly advocating for a joint sale of minority shareholders' shares and maximizing their yield – again issued an invitation to a (non-binding) tender for the purchase of a whopping 58 blocks of various securities, put together as part of the Shareholder's Agreements and "Share SUPPORT". In addition to the usual ongoing intensive activities – negotiations, legal proceedings, assembly activities, participating at business events at home and abroad etc. – VZMD hopes to provide, at least in a few cases, additional options for a joint sale of minority shareholders' shares under suitably favorable conditions.
VZMD is accepting bids up until Friday, 12 August 2022!
At least a 12-month best price guarantee is expected from interested parties and potential buyers in order to protect the interests of the holders at "Share SUPPORT" and ensure a degree of fairness of the agreement that cannot be reached by any stock exchange, while at the same time enable the buyers to reach a much wider base of potential sellers.
VZMD established "Share SUPPORT" in September 2016 (VIDEO) when registry accounts were abolished at the Central Securities Clearing Corporation (KDD); it was meant as an alternative to the expensive trading accounts at the brokerage firms and banks. Due to the needs of the shareholders, as well as the attempts at disabling and consequent constant amendments to the legislation, "Share SUPPORT" evolved into a civil society that enables the holders to jointly buy and sell. For the shares that are a part of "Share SUPPORT", VZMD regularly and actively monitors the general meetings of the companies, their operations and important business events, and always strives to create conditions for suitable yields, either through the payment of dividends or by creating conditions for a joint sale of shares which were often thought of as non-puttable, and in case of legal proceedings after squeeze-outs, transformations, withdrawals from the stock exchange etc.
In many cases, VZMD also managed to ensure better conditions for sale through direct negotiations with larger or majority shareholders and other interested parties. In case of unsuccessful negotiations or in case of squeeze-outs, VZMD initiates legal proceedings to determine suitably fair remuneration. As part of "Share SUPPORT", VZMD successfully recovered overdue entitlements, such as dividends and remunerations for shareholders who stopped receiving disbursements in 2017 due to the abolishment of registry accounts.
