New Membership Criteria Of The Euro Disney Shareholders Club Announced

[Jonjo]

Euro Disney S.C.A. have today announced the new membership criteria for the Disneyland Paris Shareholders Club – Disney Le Club Actionnaires.

Applications for new memberships will be accepted from Thursday, March 10, 2016, and new applicants and members wishing to renew will now need to hold a minimum of 1,000 Euro Disney S.C.A. shares. Unless you joined the Shareholders Club prior to October 1st, 2005 then a minimum holding of five (5) Euro Disney S.C.A. shares is required.

At today’s share price (€1.26) it will cost €1,260 / £972.00 to become a new member of the Shareholders Club.

New applicants will be able to apply for membership to the Shareholders Club via the corporate Disneyland Pairs website here.

The Shareholders Club has today published the below guide for existing members of the Club on their website following the new membership criteria announcement.

Membership criteria:
Starting from March 10th, 2016: the Shareholders Club is only accessible to individual Euro Disney S.C.A. shareholders holding a minimum of one thousand (1,000) Euro Disney S.C.A. shares (ISIN code: FR0010540740) in a bearer or in a registered form. The membership is free and valid for five (5) year and until the last day of the month expiration indicated on the card.

As a reminder, until March 9th, 2016: the Shareholders Club was accessible to individual Euro Disney S.C.A. shareholders holding a minimum of one hundred (100) Euro Disney S.C.A. shares (ISIN code: FR0010540740) in a bearer or in a registered form. The membership is free and valid now for five (5) years and until the last day of the month expiration indicated on the card.

Shareholders who fulfill the following conditions are exempt from these criteria:
Being members of the Shareholders Club an earlier date than October 1st, 2005 and justify at the time of their renewal request to the Shareholders Club, a holding of a minimum of five (5) Euro Disney S.C.A. shares.

Reminder:

Since October 1st, 2015, the temporary certificates are no longer delivered or accepted. Only the membership cards that include a magnetic strip (cards issued since October, 2012) are valid in the cash registers of shops, restaurants of Disneyland® Paris, at the gate to Salon Mickey and for purchase of parks tickets, annual passports (not available by internet).

Please consider making your renewal at most 60 days before the date of expiration.

Attention:

Members of the Shareholders Club who joined the Club prior to March 9th, 2016 must also renew their card at the earliest 60 days before the expiration of their card and at the latest 60 days after the expiration (versus an unlimited period before). After this delay, the new membership criteria (holding of a minimum of 1,000 shares) will apply.



Reminder on the modifications of the Shareholders Club general conditions:

Euro Disney S.C.A. reserves the right to modify without prior notice the general conditions and/or the eligibility conditions and/or the characteristics of the Shareholders Club, including the different types and levels of offers and discounts proposed to the members of the Shareholders Club.

Euro Disney S.C.A. also reserves the right to terminate Shareholders Club activities for any reason and at any moment, in which case it commits to honor all reservations made up to and including the dates benefitting from a Shareholders Club discount.

 

[cazspence]

Poop.

 

[DLPDreams]

I don't understand, for those with 100 shares, is it saying their membership will be valid until their Shareholder card expires OR for 5 years, OR whichever comes first?

 

[me_myself_andi]

Attention:

Members of the Shareholders Club who joined the Club prior to March 9th, 2016 must also renew their card at the earliest 60 days before the expiration of their card and at the latest 60 days after the expiration (versus an unlimited period before). After this delay, the new membership criteria (holding of a minimum of 1,000 shares) will apply.

This last bit to me seems to suggest that as long as you don't let your membership ever expire you can stay in the club with 100 shares. I have just emailed the club to see if I can get a clear answer. I have also asked about the expiry dates.

(I've lurked for ages but this is the first time I've been 'brave' enough to sign up!)

 

[Ms Poppins]

I think it means that when you renew it will be 5 yrs, But you must do it within 60 days of expiry or the new rules will apply, ie: 1000 shares.

 

[me_myself_andi]

I hope they reply fairly quickly but I suspect someone pressed the send email button on their way out for the day. These emails always take some deciphering!

 

[DLPDreams]

Yes, I thought it was me, but the more I read it, the unclearer it becomes! I am thinking it means I can stay in the club as long as I remember to renew before expiry of 5 years every time. But, what do I do about my SH card which expires Sept 2017?

I will await clarification - thanks for emailing them!

 

[meryll83]

This last bit to me seems to suggest that as long as you don't let your membership ever expire you can stay in the club with 100 shares. I have just emailed the club to see if I can get a clear answer. I have also asked about the expiry dates.

(I've lurked for ages but this is the first time I've been 'brave' enough to sign up!)

This is how I understand it - as long as you never get to the point of expiry and renew within the window, your 100 shares will do. Let it expire, then it's time to get the wallet out!
(It's weird that this isn't included as a separate point in the exemption section though)

I also have a 2017 current expiry on my card, I assume that still stands and it'll be 5 years from the next renewal.

Also looking forward to hearing the official clarification! The top part sounds doom and gloom, but the last sentence makes it sound that there's hope!

 

[DLPDreams]

Welcome me_myself_andi

 

[me_myself_andi]

My card is also 2017 and I asked whether that was now until 2020 or not and if it is will they be sending out new cards.

Thanks for the welcome


ETA: I've had a reply and in short woohoo just need to remember to renew the membership promptly in 2017. The bolding is theirs I haven't changed anything:



'The Shareholders club confirms that these new applicable general conditions from March 10th, 2016 concern only the new members who have to hold 1000 shares minimum.

The former members of the Club (until March 9th, 2016) are not impacted by these new conditions if they make the renewal of their card at the latest in 60 days following its expiration date.

The new cards validity will be of 5 years for all the Club members.

The current cards remain valid up to the expiration date and will not be reproduced with the 5-year term.

This new 5-year term will be applicable only during the renewal.

However, the former members of the Club (before March 10th, 2016) will see applying the new criteria of 1000 shares if they do not make by their renewal in 60 days after the expiration date.'

 

[SWofDisorder]

I can here wondering what it all means. Now I know to keep my card current and remember to renew early on. Thank you Dis peeps.

 

[Roon]

My card is also 2017 and I asked whether that was now until 2020 or not and if it is will they be sending out new cards.

Thanks for the welcome


ETA: I've had a reply and in short woohoo just need to remember to renew the membership promptly in 2017. The bolding is theirs I haven't changed anything:



'The Shareholders club confirms that these new applicable general conditions from March 10th, 2016 concern only the new members who have to hold 1000 shares minimum.

The former members of the Club (until March 9th, 2016) are not impacted by these new conditions if they make the renewal of their card at the latest in 60 days following its expiration date.

The new cards validity will be of 5 years for all the Club members.

The current cards remain valid up to the expiration date and will not be reproduced with the 5-year term.

This new 5-year term will be applicable only during the renewal.

However, the former members of the Club (before March 10th, 2016) will see applying the new criteria of 1000 shares if they do not make by their renewal in 60 days after the expiration date.'

Thankyou so much. I was worrying but YIPEE. thanks again xxxx

 

[cazspence]

My previous poop comment I now retract and say yay! Lol.

 

[Roon]

All this is making me want to book book book. Xxxxxxx

 

[ThBa]

Ok....let me see if I understand it right:

My actual shareholder card is valid until 30.09.16

I am holding 111 shares and I am a shareholder since 08/10.

I have to renew my card 60 days to the expire day = 30.07.16 (earliest).

Then I will have a new membership for 5 years.

This will go as long as I renew my membership (each time for 5 years). When I forget to renew it...I will need 1.000 shares to come back again.

Right?

 

[Jonjo]

My card is also 2017 and I asked whether that was now until 2020 or not and if it is will they be sending out new cards.

Thanks for the welcome


ETA: I've had a reply and in short woohoo just need to remember to renew the membership promptly in 2017. The bolding is theirs I haven't changed anything:



'The Shareholders club confirms that these new applicable general conditions from March 10th, 2016 concern only the new members who have to hold 1000 shares minimum.

The former members of the Club (until March 9th, 2016) are not impacted by these new conditions if they make the renewal of their card at the latest in 60 days following its expiration date.

The new cards validity will be of 5 years for all the Club members.

The current cards remain valid up to the expiration date and will not be reproduced with the 5-year term.

This new 5-year term will be applicable only during the renewal.

However, the former members of the Club (before March 10th, 2016) will see applying the new criteria of 1000 shares if they do not make by their renewal in 60 days after the expiration date.'

Is it OK if I include the above quote from them on my blog please?

Jonjo

 

[me_myself_andi]

It's okay

 

[DLPDreams]

ThBa - that is correct.

Ignore - I think I know where I am now!

 

[Jonjo]

It's okay

Thank you!

 

[netimka]

thanks for emailing me_myself_andi its great to hear we can stay in the club as I was also worrying when I got this email as it wasn't very clear...