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What is the significance of the Record Date?

record significance
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What is the significance of the Record Date?

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The Record Date is the decisive date for determining whether and to what extent shareholders can attend the Annual Shareholders’ Meeting and exercise voting rights there. From the standpoint of the Company, only those shareholders who have provided proof of share ownership by the Record Date are eligible to attend the Annual Shareholders’ Meeting or exercise their voting right. Stock portfolio changes after the Record Date have no effect upon this eligibility. Persons who do not yet possess shares by the Record Date and only become a WACKER shareholder afterward are only entitled to attend and vote at the Annual Shareholders’ Meeting if registration of the shares they own is made with the Company in the required form and submitted, along with proof of ownership by the previous shareholder, by the stipulated deadline and only if the previous shareholder has assigned proper authorization to the new shareholder or has empowered the latter to exercise voting rights. Shareholders who have p

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