2013 Registration document and annual financial report - page 322

Registration Document 2013
320
Capital and ownership structure
6
Information about the Company
Above said 1% threshold, the same disclosure rules as defined
above will apply to any increase in a shareholder’s interest by any
multiple of 0.5% of the capital or voting rights and to any reduction
in a shareholder’s interest by any multiple of 1% of the capital or
voting rights.
For the application of the above paragraphs, the shares or voting
rights referred to in paragraphs 1 to 8 of Article L. 233-9-1 of the
French Commercial Code are considered as being equivalent to
the shares or voting rights held by the shareholder.
Restrictions on voting rights
(Article 9 of the Bylaws)
In the case of failure to comply with the applicable disclosure rules,
at the request of one or several shareholders representing at least
3% of the Company’s capital or voting rights, as duly recorded in
the minutes of the Shareholders’ Meeting, the undisclosed shares
will be stripped of voting rights at all Shareholders’ Meetings held
in the two years following the date when the omission is remedied.
Notification of intentions
(Article 9 of the Bylaws)
Any shareholder that acquires or raises its interest to more than
one-twentieth, three-twentieths or one quarter of the capital or
voting rights is required to notify the Company of its intentions
over the following twelve months.
At the end of each successive twelve-month period, any shareholder
that continues to hold a number of shares or voting rights in excess
of the above fractions will be required to notify the Company of
its intentions for the following twelve months.
In particular, the shareholder must inform the Company of whether
it is acting alone or in concert with other shareholders, whether
or not it plans to purchase additional shares, and whether or not
it intends to acquire control of the Company or to request its
election or the election of one or several candidates of its choice
as directors of the Company. The Company will have the right
to inform the public and shareholders of the said shareholder’s
disclosed intentions, or of the shareholder’s failure to comply with
this requirement.
For the application of the above paragraphs, the shares or voting
rights referred to in paragraphs 1 to 8 of Article L. 233-9-1 of the
French Commercial Code are considered as being equivalent to
the shares or voting rights held by the shareholder.
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