Shareholder Club

[Ross J 82]

Hi,

Does this still exist. Everytime I try to go to the corporate website it says page not found.

Thanks

Ross

 

[tennisfan]

Yes it does still exist, they have recently change the criteria to be a member. I can access the site no problem http://corporate.disneylandparis.com/shareholders/shareholders-club/index.xhtml

 

[Ross J 82]

Thank you. I used a different browser. Now you need to invest minimum of 1230 euros to become a member? Seems a lot of money, I used to hold around £200 around 5 years ago.

Yes it does still exist, they have recently change the criteria to be a member. I can access the site no problem http://corporate.disneylandparis.com/shareholders/shareholders-club/index.xhtml

 

[Ross J 82]

Sorry another question, it looks like you get 5 years membership when you apply. Do you have to keep your shares for the full 5 years or can you sell your shares as soon as you get your membership?

 

[tennisfan]

You could sell them but would need to buy again in 5 years if you want to renew, or they may restructure again and change the criteria again as they need the funds and people were holding 5 shares and benefiting from many perks which is part of the reason for the change.

You have to also bear in mind that you pay commission to buy & sell shares and the prices could drop meaning you lose out

 

[sduffield]

Actually the T&Cs of the Shareholders Club states members no longer meeting the general condition of the Club (by selling your shares you would no longer meet the Club conditions as you are no longer a shareholder) then you must inform the club as soon as possible and forfeit their Shareholders Club card by sending it back to the main Club address. Any fraudulent use of the Club (i.e. using the Club perks when not actually holding shares of the company) will result in a permanent exclusion from the club.

 

[DLPDreams]

In the past when you needed less shares, I could see how this could be abused for the privilege of being in the Club for a period. However, I think given the amount of shares you now need (as a new member), I'd think it unlikely anyone would now do what is mentioned above. It's just not financially viable as the small perks and how often you can use them really do not add up to the finance of the new required shareholding. A good thing I think as it shouldn't be abused. Abuse only leads to perks being withdrawn ime.

I am pleased they have increased the renewal period to 5 years though - makes much more sense from an admin point of view.