But Helen Davies QC, representing Lloyds, said it was "a significant transaction which by its nature may be one in relation to which shareholders may have a variety of different views, including opposing views".
"It's a very different issue when you're talking about the case of Facebook, where it was in relation to large shareholders and investors having fewer voting rights relative to Zuckerberg," defended Mignot.
Companies shall ensure that even if all shareholders request a list, the accumulated revenue from charging the fee is not higher than 50% of the actual costs incurred in relation to identifying the shareholders.
"Sixteen staff were put in jail last year and Crown takes the welfare of its employees very seriously, very, very seriously and that forced the Crown directors' hands in relation to Macau," Packer told shareholders.
There was only a small ripple of protest from shareholders in relation to Betfair's annual report, with 6% of votes case either against or in abstention to the resolution.
But he stressed that it was "very unusual provision for a public company to give a right [of veto] to another shareholder in relation to an expense item".
That would strengthen Porsche's hand in relation to Volkswagen's other principal shareholder, the state of Lower Saxony, which owns roughly 20percentt of the shares and has the same voting rights as Porsche.
"The position of the shareholder in relation to the football in Scotland, in which he has invested more than any other individual in the last six years, is unsatisfactory.
This Directive establishes requirements in relation to the exercise of certain shareholder rights attaching to voting shares in relation to general meetings of companies which have their registered office in a Member State and whose shares are admitted to trading on a regulated market situated or operating within a Member State.
(1) Directive 2007/36/EC of the European Parliament and of the Council(4) establishes requirements in relation to the exercise of certain shareholder rights attaching to voting shares in relation to general meetings of companies which have their registered office in a Member State and whose shares are admitted to trading on a regulated market situated or operating within a Member State.
Even if this were true, however, it would not mean that each member of the set of five or fewer shareholders must own stock in each corporation; it suggests only that the total number of shareholders considered in relation to both tests may not exceed five.
