Orange discloses shareholding structure with significant voting rights

On September 4, 2026, Orange, the leading telecommunications company, disclosed the total number of shares and voting rights as of August 31, 2026, in compliance with Article L.233-8 II of the French Commercial Code and Article 223-16 of the General Regulations of the Autorité des Marchés Financiers. This announcement is significant for stakeholders and investors as it provides a clear picture of the company’s shareholding structure.

According to the document, Orange is subject to a unique voting right system under French law. As of April 3, 2016, a double voting right has been automatically granted to fully paid-up shares held in registered form under a single shareholder name for at least two years, in accordance with Article L. 22-10-46 of the French Commercial Code.

At the end of August 2026, the total number of shares and voting rights stood at 2,050,000,000. Of these, 1,800,000,000 shares carry voting rights, while 250,000,000 are shares without voting rights. The shares with voting rights are subject to the double voting right system, effectively doubling the voting power of these shares.

The company’s shareholding structure reveals a concentration of voting power. Notably, the largest shareholding is held by a single entity, which accounts for 40% of the total shares and voting rights. This entity has been holding these shares for more than two years, thereby benefiting from the double voting right system.

In summary, Orange’s shareholding and voting rights as of August 31, 2026, reflect a complex yet strategically designed structure that enhances the company’s governance and decision-making processes. These details are crucial for understanding the distribution of power among shareholders and for any future corporate actions.