Blocking stake
A holding large enough to prevent a decision that requires a supermajority of votes.
How to read the number
It confers no power to govern and every power to refuse: amendments to the articles, reorganisation and major transactions do not pass without that holder's consent.
When the metric lies
The blocking share is measured against the voting shares at a given meeting, so a new issue that enlarges their number strips the block of that quality.
Also known as: blocking stake