Canadian e-commerce giant Shopify Inc (TSX:SHOP)(NYSE:SHOP) on Monday announced a 10-to-1 split of the company's Class A and Class B shares. Shopify is proposing changes to its governance structure to preserve the voting power of its founder and CEO Tobi Lütke.
Mr. Luke to Own 40% of Voting RightsUnder the company's new plan, Shopify will issue Mr. Lütke a founder's share to which will be attached a varying number of votes. Combining this share with his other assets, Mr. Lütke will own 40% of the total voting rights of all outstanding shares of the company. ...
Read The Full Article On StockStreetNews.com
Get early insight on hidden secret gems on StockStreetNews . Follow Crypto, Mining, Cannabis and Energy stocks and get free research reports here .
All content provided by StockStreetNews is subject to our Terms Of Use and Disclaimer .
For further details see:
Shopify Wants to Change its Governance and Split its Shares