For bearer shares, the name of the owner is not communicated to the issuing company. However, these shares are not anonymous since they appear in the account managed by the financial intermediary.
For registered shares, the name of the shareholder appears in the records of the issuing company. Registered shares can take 2 forms:
• “Administered registered shares”: the account management is entrusted to the financial intermediary. This service is billed by the financial intermediary,
• “Pure registered shares”: the shares are directly and solely recorded in the records of the issuing company. It carries out the administrative management of the shares (most frequently through its representative.
To convert shares from bearer to registered form, you must submit a written request to your financial intermediary.