To demonstrate the power of its technology and the benefits of asset tokenization, Mt Pelerin Group SA has incorporated 100% of its share-equity into a token, the MPS, that was the first in the world to be fully equivalent to a share and indissociable from it.
To raise the initial funding to develop Mt Pelerin, the public was invited to become shareholders of Mt Pelerin and 5% of the MPS tokens were sold as freely transferable tokens.
This 5% is the only supply that will ever be available for unrestricted trading.
The MPS tokens are registered shares (actions nominatives liées / vinkulierte Namenaktien).
Go to dashboard.mtpelerin.com
10,000,000 shares issued / MPS tokens
100% of total equity
500,000 shares / MPS tokens
5% of total equity
Holders of MPS tokens need to register and pass Mt Pelerin's identification process in order to activate the financial and participation rights associated with the ownership of tokenized shares.
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.
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.
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.
One of Mt Pelerin's objectives is to operate an exchange integrated into the marketplace ecosystem that it is building. Before the relevant licenses and authorizations to do so are obtained, we will strive to list the MPS token on a third party exchange in order for you to have a professional and safe place to trade it. The possible options are currently being studied and explored, and more information will be provided in due time.
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The MPS token is a freely transferable token, which means that there are no particular restrictions coded in it that would prevent one individual to transfer it to another one.
However, citizens and residents from the following countries are not allowed to purchase and own MPS tokens:
United States of America, People's Republic of China (residents only), Afghanistan, Bosnia, Cuba, Democratic People's Republic of Korea, Ethiopia, Guyana, Irak, Iran, Laos, Ouganda, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen.