LTH GVT Multiple Voting Shares

Updated on: Jul 2, 2026

Latest Event


  • Jun. 26, 2026 Law Published
  • On Jun. 26, 2026, LTH PRL published Law XV-1045 of Jun. 18, 2026, amending articles 4, 7, 8, 9, 11, 12, 13, 17, 37, 38, 41-1, 42, 42-1, 43, 45, 45-1, 45-2, 46, 47-1, 49, 50, 51, 52, 53, 53-1, 54, 56, 57, 58, 62, 63, 64, 66, 68, 69, 70, 70-1, 72, 73, 74, 75, 76, 77, 78 of the Law on Joint Stock Companies No VIII-1835 and the Annex.
  • The law enters into force on Nov. 1, 2026.
  • Document dated Jun. 26, 2026, received from LTH PRL Jun. 29, summarized Jul. 2.

On Apr. 23, LTH GVT issued bill amending the Law No VIII-1835.

  • LTH GVT issued bill XVP-1425 amending articles 4, 7, 8, 9, 11, 12, 13, 17, 37, 38, 41-1, 42, 42-1, 43, 45, 45-1, 45-2, 46, 47-1, 49, 50, 51, 52, 53, 53-1, 54, 56, 57, 58, 62, 63, 64, 66, 68, 69, 70, 70-1, 72, 73, 74, 75, 76, 77, 78 of the Law on Joint Stock Companies No VIII-1835 and the Annex.
  • Follows EU CNCL Nov. 2024 issued Dir 2024/2810 in the official journal, see #170182.
  • Purpose
  • The bill transposes the provisions of Dir 2024/2810 regarding multiple voting shares in companies seeking to admit their shares to trading on a multilateral trading facility.
  • It is proposed that ordinary multi-voting shares issued by a company would grant the number of votes specified in the company's articles of association; multiple voting shares may be issued by a company, except for a public limited company whose shares are admitted to trading, an SME growth market or on a multilateral trading facility.
  • When issuing new company shares, increasing the company's authorized capital or converting already issued company shares, amendments to the company's articles of association must be approved, indicating the changed amount of the capital.
  • The number of shares, their number by class, nominal value and the rights granted.
  • Effectiveness
  • The law is planned to enter into force on Nov. 1, 2026.
  • Jun. 2026 Updated Bill
  • On Jun. 3, 2026, LTH PRL issued updated bill XVP-1425(2) and its visible changes.
  • Jun. 26, 2026 Law Published
  • On Jun. 26, 2026, LTH PRL published Law XV-1045 of Jun. 18, 2026, amending articles 4, 7, 8, 9, 11, 12, 13, 17, 37, 38, 41-1, 42, 42-1, 43, 45, 45-1, 45-2, 46, 47-1, 49, 50, 51, 52, 53, 53-1, 54, 56, 57, 58, 62, 63, 64, 66, 68, 69, 70, 70-1, 72, 73, 74, 75, 76, 77, 78 of the Law on Joint Stock Companies No VIII-1835 and the Annex.
  • The law enters into force on Nov. 1, 2026.
  • Document dated Jun. 26, 2026, received from LTH PRL Jun. 29, summarized Jul. 2.
Regulators
LTH GVT; LTH PRL
Entity Types
B/D; Corp; Depo; Exch
Reference
OG 2026-11117, 6/26/2026; Law XV-1045, 6/18/2026; Bill XVP-1425(2), 6/3/2026; Bill XVP-1425, 4/23/2026; Dir 2024/2810
Functions
C-Suite; Financial; Legal; Operations; Risk
Countries
Lithuania
Category
State
N/A
Products
Corporate; Issuance/IPO; Securities
Rule Type
Final
Regions
EMEA
Rule Date
Apr 23, 2026
Effective Date
Nov 1, 2026
Rule ID
295235
Linked to
Reg. Last Update
Jun 26, 2026
Report Section
EU