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What voting rights do Triodos Bank Depository Receipt holders have?
Triodos Bank Depository Receipt holders are entitled to vote at SAAT ’s annual general meeting (AGM ). Each holder of Depository Receipts is limited to a maximum of 1,000 votes. The SAAT AGM appoints the members of SAAT’s Board of Management, based on the Board’s recommendation - a recommendation that must be approved by Triodos Bank’s Executive Board .
No Depository Receipt holder may hold more than just under 10% of the total number of Depository Receipts in issue to prevent any one shareholder exerting undue influence over Triodos Bank’s mission and objectives.