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e-Register grants public access to lists of shareholders

03.02.2007

As of 2007 everybody has the right to examine and obtain extracts of data concerning shareholders of public and private limited companies, who own more than 10% of company’s shares by using e-Register (electronic environment of services of Estonian Central Register for Securities). The information publicly accessible includes names, personal/business codes and number of shares owned by such shareholders. Formerly one had to prove existence of legitimate interest to obtain the information, however the requirement of claiming a legitimate interest is still applicable for accessing information concerning the shareholders owning less than 10% of company’s shares. In order to gain access to e-Register, authorization, either by using the ID-card or through the Internet bank, is needed.

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