Terms and conditions
SourceWeb® Shares
§ 1 Scope of application
The following General Terms and Conditions apply to the acquisition and trading of SourceWeb® shares and the rights arising therefrom.
§ 2 Transparency of the shares
Shares in total: | 1,200,000 pieces |
- of which ordinary shares | 900,000 pieces |
- of which preference shares | 300,000 pieces |
Shares released for trading: | 300,000 pieces |
Shares issued for trading/free float in percent: | 25% |
Type of shares issued for trading/free float: | Preference shares |
Maximum investment value per private investor: | USD 1000 |
Dividend entitlement compared to ordinary shares: | 200% |
Other rights associated with the shares: | |
- 50 units for basic remuneration (4 levels) | |
- 100 units for partner premium remuneration (7 levels) |
§ 3 Issuer
The share is issued by SourceWeb's ultimate parent company, currently SourceWeb Holding Ltd, or SourceWeb Group Plc after the corresponding reorganization and in any case before the official IPO. As part of the reorganization, the shares will be transferred 1:1 and without any disadvantages for the shareholders.
§ 3 Type of shares
All shares offered for free float are preference shares without voting rights and with a dividend entitlement of 200% compared to ordinary shares.
§ 4 Shareholders' rights
I. Dividend payment
Every shareholder has the right to receive a dividend. This is distributed at least once a year after the company's balance sheet has been prepared and approved.
II. Payment from the compensation fund
Every shareholder who also holds a partner license is entitled to a share of the compensation fund. All shareholdings for which the corresponding partner was not entitled due to lack of qualification (Section 2 of the Partner Terms and Conditions) are paid into this fund.
Shareholders with a premium license receive double the share as shareholders with a basic license.
III. Partner membership
- Partner basic license + 100 Shares
The basic license and ownership of 50 shares entitles the holder to participate in the partner program with distribution over 4 levels.
- Partner Premium License + 200 Shares
The premium license and ownership of 100 shares entitle the holder to participate in the partner program with distributions over 7 levels.
§ 5 Disclosure obligations
- - Shareholders are obliged to provide the following truthful information on the shareholder within one month of the date of the first acquisition of shares:
- o First name, surname, date of birth, place of birth and address of habitual residence or domicile
- - A form will automatically be displayed on the websites to disclose this data after the first share purchase. The central customer account, the partner program website and the trading platform can no longer be used until this data is disclosed.
- - SourceWeb is entitled to request proof of the accuracy of the data provided.
§ 6 Transfer and trading in shares
- - It is expected that shares can be transferred between customer accounts free of charge from fall 2024. The transfer may be made both free of charge and for a fee.
- - A trading platform on which all shareholders can freely trade shares with each other is expected to be made available from the beginning of 2025.
- - An official IPO is planned from mid-2025.
§ 7 Share splitting
As soon as the share price exceeds USD 10.00 per share, a 1:2 split takes place to enable new partners to continue to join the partner program. The number of shares of each individual shareholder is doubled, while the share value is halved at the same time. The total value of the portfolio remains the same.
§ 8 New issue and subscription rights
There are no plans to increase the total number of shares available. In any case, all shareholders would have a pre-emptive right for the newly issued shares in proportion to their existing number of shares.
§ 9 Special offers
- - Until the sale of the first 100,000 shares, natural persons are entitled to purchase up to 200 shares at a preferential price of $ 1.00 per share instead of $ 2.00 per share.
- - Further 100,000 shares will be issued to private individuals at a unit price of $ 1.50 instead of $ 2.00.
- - Legal entities such as companies, associations, societies, etc... are excluded from this promotion.
- - If a legal entity or company acquires shares at a preferential price, these are allocated to the legal representative. The legal representative is therefore no longer entitled to acquire shares at the preferential price. Other companies with the same legal representative are also no longer entitled to acquire shares at the preferential price.
- - Each natural person is only entitled to a total of 200 shares at the preferential price.