Article 127 quinquies of the Consolidated Finance Law envisages the "increased" voting right in favour of those who own shares of the company for a certain period of time.
In this sense, listed companies may introduce in their articles of association the possibility that "increased voting rights, up to a maximum of two votes, may be assigned to each share owned by the same party for an on-going period of no less than twenty-four months". Therefore, this is not a special category of shares, as is the case with the multiple voting right shares referred to above, but a sort of "loyalty bonus" for the long-term shareholder.