The end of the Company’s term currently stands at February 17, 2028. Shareholders are invited in the 22nd resolution to prematurely extend the term of your Company for a period of 99 years as of the date of this General Meeting and decide on consequential amendment to article 4 of the articles of association.
(Extension of the Company’s term and consequential amendment to the articles of association)
The shareholders, deliberating according to the quorum and majority required for Extraordinary General Meetings, having reviewed the Report of the Board of Directors and noting the expiry date of the Company’s term initially set at February 17, 2028, decide to prematurely extend said term for a period of 99 years as of this General Meeting, i.e. until May 4, 2119.
The shareholders therefore decide to modify article 4 of the articles of association as follows:
Existing text | New text |
|---|---|
Existing text The Company’s term has been fixed at 99 years beginning on February 18, 1929, except in the event of early dissolution or extension. | New text The Company’s term, initially fixed at 99 years beginning on February 18, 1929, has been extended as of the Extraordinary General Meeting of May 5, 2020 for a period of 99 years, i.e. until May 4, 2119, except in the event of early dissolution or extension. |
The 23rd resolution is a standard resolution required for the completion of official publications and legal formalities.
(Powers for formalities)
Full powers are granted to a holder of a copy or extract of the minutes of this General Meeting to perform all official publications and other formalities required by law and the regulations.
