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Passed in June 2024, the Law on Attractiveness sets out a number of measures designed to make France more attractive to international investors. Among these measures, the broadcast of general meetings is a practice that is set to become permanent after increased use during the health crisis.

Uptevia, a specialist in issuer services, breaks new ground with the success of OVHcloud’s hybrid General Meeting

Renowned for its expertise in general meetings, Uptevia, in partnership with its service providers LUMI Global and SLIB, the publisher of Votaccess, enabled OVHcloud shareholders to vote remotely and in person live at the company’s annual general meeting.

Over the course of its existence, a group may have to make important strategic decisions. Implementing a spin-off is one of them.

On September 24, 2024, Uptevia held its second edition of its Issuers Forum, dedicated to general meetings. This 100% online event brought together more than 120 participants representing 70 companies.

Uptevia prepares and holds its clients’ ordinary, extraordinary, combined or special general meetings of shareholders. It is involved before, during and after the general meeting. The organisation of a successful general meeting is the result of close collaboration between the issuer and Uptevia.

Uptevia is France’s leading provider of securities services to corporate issuers, and a key player in the field of equities as well as conventional, convertible and structured debt (long-, medium- and short-term).

A large number of issuers have chosen Uptevia to help them process their payment obligations as defined in EMTN or NEU CP/MTN prospectuses, stand-alone issues or structured issues (securitisation).

The management of administered registered shares raises well-known difficulties for companies, their registrar and financial intermediaries. Uptevia is working with financial market players to streamline this management.

From show of hands, through voting boxes, to the use of touch screens, voting in general meetings has evolved significantly. A step that was taken by L’Oréal on April 23 during its general meeting.

Uptevia is proud to have supported the company’s arrival on the Euronext Paris market (Compartment A), with a market capitalisation of over €1.1 billion. This is the largest IPO since that of OVH in 2021.