Shareholders

This page contains all the useful information for the shareholders of Mt Pelerin Group SA. If you cannot find what you are looking for on this page, please contact us at mps@mtpelerin.com.

About the Mt Pelerin shares

The shares of Mt Pelerin Group SA exist in two forms, tokenized and standard. Both are registered shares (actions nominatives liées / vinkulierte Namenaktien) with full voting and dividend rights.

Tokenized shares

  • Percentage of share-equity: 90%
  • Number of tokens: 9,000,000
  • Circulating tokens: 500,000
  • Token name: Mt Pelerin Shares
  • Token ticker: MPS
  • Token type: ERC-20
  • Etherscan link

Standard shares

  • Percentage of share-equity: 10%
  • Number of shares: 1,000,000
  • ISIN: CH0539730892
  • FIGI: BBG00N73QMN3
  • Bloomberg: 1694205D SW Equity

Introduction

To demonstrate the power of our technology and the benefits of asset tokenization, Mt Pelerin Group SA has incorporated in 2018 100% of its shares into a token, the MPS. It was the first in the world to be fully equivalent to a share and indissociable from it.

In order to raise the initial funding required to develop Mt Pelerin, the public was invited to become shareholders of Mt Pelerin and as a result 5% of the MPS tokens were sold as freely transferable tokens. This 5% is the only supply available for unrestricted trading.

On August 2020, Mt Pelerin made another step to bridge the worlds of tokenized and traditional securities with a process to switch between a share's tokenized or standard format. As a demonstration of that process, Mt Pelerin untokenized 10% of its shares, which are now in a standard form with ISIN and FIGI codes.

Where can I exchange MPS tokens?

The MPS is freely transferable. Any token holder is free to sell it. As a result, the MPS can be found on different peer-to-peer exchange platforms such as the ones listed below.

Please note that the MPS tokens available on those platforms are not offered by Mt Pelerin Group SA. Furthermore, Mt Pelerin Group SA has no control over those platforms, notably over the price and quantities listed there.

How can I convert my shares?

The shares of Mt Pelerin Group SA are available in a tokenized or standard form. The process of converting shares from one form to another is available on request.

Shareholder registration

If you have bought MPS tokens, you need to register them and pass our identification process to activate the financial and participation rights associated with their ownership.

To do so, please download Bridge Wallet, restore or link the address where you are holding your MPS tokens, then identify by following the instructions in Settings > My Profile:

Voting

Each MPS token carries one vote at the shareholders' meetings of Mt Pelerin Group SA.

All the relevant information related to the shareholders' meetings will be communicated in due time individually to each registered shareholder.

Dividends

Under Swiss law, any dividend must be proposed by the board of directors of Mt Pelerin Group SA and approved by a general meeting of the shareholders.

Any proposal by the board of directors to declare a dividend, if any, will depend on different parameters notably the company's results of operations, financial condition, cash requirements and other relevant elements, including tax and other legal considerations.

In addition, the company's auditors must confirm that the board of directors' dividend proposal conforms to Swiss statutory law and the company's articles.

A Swiss corporation may pay dividends only if it has sufficient distributable profits brought forward from the previous business years or if it has distributable reserves, each as evidenced by its audited statutory financial statements prepared pursuant to Swiss law and after allocations to reserves required by Swiss law and the corporation's articles of association have been deducted.

Future dividends may be paid in ETH, tokenized fiat currency (both subject to further legal and accounting review) or in fiat currency.

Loss of access to MPS tokens

In the event you might lose the access to your MPS tokens, e.g. because the corresponding private key has been lost or stolen, you must contact us and we will initiate a recovery procedure.

Please note that this procedure is complex and time-consuming. You will be charged the effective cost of the recovery process based on the time spent for the case.

Prohibited countries

The MPS token is a freely transferable token, which means that there are no particular restrictions in its code that would prevent a holder to transfer it to another.

However, citizens and residents from the following countries are not allowed to purchase and own MPS tokens:

  • USA
  • China (residents only)
  • Afghanistan
  • Bahamas
  • Bosnia
  • Botswana
  • Cambodia
  • Cuba
  • Ethiopia
  • Ghana
  • Guyana
  • Irak
  • Iran
  • Laos
  • North Korea
  • Pakistan
  • Sri Lanka
  • Sudan
  • Syria
  • Trinidad and Tobago
  • Tunisia
  • Uganda
  • Vanuatu
  • Yemen