Advantages:
As shareholders’ identities are known, the company can send them information or notices of meeting directly.
They can attend shareholders’ meetings with no special formalities. Shareholders who hold Bouygues shares in registered form for more than two years have double voting rights.
Disadvantages:
To be sold, Bouygues shares must be in bearer form. Any sale of registered shares therefore requires that they first be converted into bearer shares and transferred to a financial intermediary.
Shareholders holding pure registered shares will receive as many statements and tax certificates as securities they own. The large number of documents thus accumulated can be inconvenient when completing tax returns.