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INFORMATION ABOUT THE COMPANY AND ITS CAPITAL
4
Articles of Association
FORM OF SHARES (ARTICLE 9
OF THE ARTICLES OF ASSOCIATION)
The shares issuedby theCompany are held in registered formuntil
they are fully paid up. Fully paid-up shares are held in registered
or – once they are admitted to trading – in bearer form, at the
shareholder’s option. They are recorded in securities accounts
according to the procedures set down by law.
In accordancewith legal and regulatory provisions, the Company
may at any time request that the central depository provide
information enabling the identification of holders of shares giving
immediateor future voting rights at General Meetings, thenumber
of shares held by each of these shareholders and a description of
any restrictions on these shares.
Class B shares may only be held in registered form.
CONDITIONS FOR THE EXERCISE OF VOTING
RIGHTS (ARTICLE 12 OF THE ARTICLES
OF ASSOCIATION)
The rights and obligations attached to shares are defined by the
legislation in force and the Articles of Association.
“Any amendment to the rights of holders of Class B shares must
be approved by the holders of Class B shares voting in a Special
Meeting.”
Each ordinary share carries the right to one vote at General
Meetings of Shareholders.
Fully paid-up shares registered in the name of the same
shareholder for at least two years do not qualify for double voting
rights.
The above paragraphwas added to the Articles of Association at
the last Combined General Meeting of 24 April 2014 in order to
confirmthe right to one vote per share and the absence of double
voting rights following the change in Article L. 225-123 of the
French Commercial Codemade by the law2014-384 of 29March
2014 aimed at keeping industrial sites operating in France (known
as the “Loi Florange”).
Voting rights are exercisable by the beneficial owner at Ordinary
General Meetings and by the registered owner at Special General
Meetings.
Class B shares carry no voting rights, except at special
meetings of holders of Class B shares called in accordance with
Article L. 225-99 of the French Commercial Code.
GENERAL MEETINGS (ARTICLE 23
OF THE ARTICLES OF ASSOCIATION)
General Meetings are called under the conditions stipulated by
law. Meetings areheldat the registeredofficeor anyother location
specified in the invitation to themeeting. The right to participate
in the General Meeting shall be subject to the formal registration
of the shares in the name of the shareholder or of the intermediary
registered on their behalf (in accordance with the seventh
paragraph of Article L. 228-1 of the French Commercial Code)
at zero hour, Paris time, of the second business day preceding
the General Meeting, either in the registered share accounts
held by the Company or in the bearer share accounts held by
the authorised intermediary. Meetings may also be attended by
anyone invitedby theManagement Company or by theChairman
of the Supervisory Board.
The general partner is represented by its legal representative or
by any other person it has authorised to represent it. That person
need not be a shareholder.
General Meetings are chaired by the Management Company or,
in order of preference, the general partner or the Chairman of
the Supervisory Board.
The Shareholders vote at Ordinary and Special General Meetings
under the conditions stipulated by law and perform their duties
in accordance with the law.
Shareholders taking part in the General Meeting
via
video-
conference or telecommunication methods enabling them to
be identified and guaranteeing their participation are deemed
present for the calculation of the quorum and the majority.
With the exception of the appointment and dismissal of
Supervisory Board members, the appointment and dismissal of
StatutoryAuditors, the appointment and dismissal of non-voting
Boardmembers, the distribution of dividends for the year and the
approval of certain agreements requiring special authorisation,
the decisions of the shareholders are not valid until approved in
writingby thegeneral partner, no later than the endof themeeting
at which the shareholders voted on the decisions in question. The
Management Company has full powers to note this approval and
attaches the document certifying such approval to the minutes
of the Meeting concerned.
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REGISTRATION DOCUMENT
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ALTAMIR 2016