Shared (static) events in VB.NET

What are shared events in VB.NET? How do I raise them and handle them? What are they useful for?

E.g. if I declare a class like this:

Public Class ProgressHandler
    Public Shared Event Progress(ByVal title As String, ByVal message As String, ByVal value As Integer, ByVal max As Integer)
End Class

The compiler doesn't complain but I don't know what to do with it from there.
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