The board of directors or the managing director, as the case may be, may use, in the order which
it shall determine, the options provided for in Article 579 of this Uniform Act or some of them
only.
Increase of capital shall not be made where, after exercising these options, the amount of
subscriptions received does not cover the totality of the increase of capital or, in the case provided
for in paragraph 1) of Article 579 of this Uniform Act, three quarters (3/4) of such increase.
However, the board of directors or the Managing Director, as the case may be, may on their own
initiative and in all the cases, limit the increase of capital to the amount reached where the shares
subscribed represent 97% of the increase of capital.
Any decision of the board of directors to the contrary shall be disregarded.
Paragraph 1
Usufruct
Official translation
Spot-checked
In force from 17 April 1997
Source page 134