Shareholders are advised to check the accuracy of the information in the register, especially if their identification details such as name/surname, address or contact details change.
The Commission has listed the risks arising if contact information is not updated.
First of all, shareholders will not be notified of general meetings of shareholders. Also, they will not be able to receive timely information about dividends, compulsory withdrawal procedures, voluntary redemption of shares or other rights. Joint stock companies are not liable for the non-updating of shareholder data. Any notice sent to the old address is considered valid even if the shareholder did not receive it.
As a result, they may lose some cash (dividends not received within 3 years from the date of disclosure are transferred to the company’s account and are not receivable).
