The general meeting which decides on the increase of capital may, in the interest of one or more
persons designated by name or not, cancel the pre-emptive right of subscription.
Beneficiaries of this provision may not, under penalty of the decision being declared void, take
part in the vote. The required quorum and majority shall be calculated after deducting the shares
they own.
The issue price or the conditions for fixing such price shall be determined by the extraordinary
general meeting upon the report of the board of directors and the auditor.
Official translation
Spot-checked
In force from 17 April 1997
Source page 182