Where applications as of right for new shares and, where necessary, applications for excess
shares have not covered the total increase of capital:
1°) the amount of the capital increase may be limited to the amount of subscriptions made
provided that such amount is at least three quarters(3/4) of the increase provided by the
general meeting which ordered or authorized the increase of capital and that such option
was expressly provided for by the meeting during the issue;
2°) the shares not subscribed may be freely allotted, in whole or in part, unless otherwise decided
by the meeting;
3°) the shares not subscribed for may be offered to the public in whole or in part where the
meeting expressly provides for such possibility.
Official translation
Spot-checked
In force from 17 April 1997
Source page 134