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(For Franchise Member business required)
AVIS Global Energy LTD is offering by the pioneer global blockchain stock exchange 1.000.000.000 shares of Class A and at a later date further 5.000.000.000 shares of Class B common stock. The selling stockholders are offering shares of Class A common stock (Founder Shares).
This is our initial public offering, and no public market currently exists for our shares. The initial public offering price is EUR39.90 per share and additional cross sale discount is applicable as offered at the AVIS Marketplace.
Following this offering, we will have two classes of authorized common stock, Class A common stock and Class B common stock. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to (TEN) vote per share. For Class B common stock is entitled to one votes per 100 shares and is convertible at any time into one share of Class A common stock (if there are shares available in the markets).
Our Class A common stock will be quoted on the AVIS EXCHANGE as a pioneer product, later for logistic reason at the Luxembourg, NASDAQ and AQUIS under the symbol to be still advised
The Shares will be delivered to your AVISPay bank account, and you will be able to trade the shares via our exchange.
Class A shares are common stocks, as are the vast majority of shares issued by a public company. Common shares are an ownership interest in a company and entitle purchasers to a portion of the profits earned.
Investors in common shares are usually given at least ten vote for each share they hold. This entitles the owners to vote at annual meetings, where board members are elected, company decisions are made, and shareholders are allowed to voice their concerns.
Theoretically, a company can create any number of classes of shares of common stock. In reality, the decision is typically made in order to concentrate voting power within a certain group of people.
When more than one class of stock are offered, companies traditionally designate them as Class A and Class B, with Class A carrying more voting rights than Class B shares. Class A shares may offer 10 voting rights per stock held, while class B shares offer only one per 100. It depends on how the company decides to structure its stock.
Setting aside the issue of voting rights, different classes of common stock almost always carry the same equity interest in a company. Therefore, shareholders of all classes have the same rights to share in company profits. That is, they have the right to share in any dividends that are approved by the board of directors.
For most investors, voting clout doesn't matter much, as long as they believe those with more clout are making the right decisions. It may begin to matter if they feel the company is going off-course, and they don't have the votes to help force a change.
The difference between Class A and Class B stock is vividly demonstrated by the classes of stock issued by Berkshire Hathaway, the company run by legendary investor Warren Buffett.
The company's Class B stock traded at around $280 as of July 2021, while its Class A stock was valued at over $420,000 per share.34
For many years, Buffett refused to allow a stock split while its price rose into the stratosphere. He preferred to concentrate voting power in the hands of relatively few investors. In 1996, he finally decided to create a Class B to attract small investors.5
There's no substantive difference between the two stocks, except that a share of Class B stock has 1/1500th the value of a Class A share and a corresponding fraction of its voting power.
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