A public call without pre-emptive right of subscription to new shares which do not confer on
their holders the same rights as old shares shall be subject to the following conditions:
1°) the call shall be realized within a period of two years from the date of the general meeting
which authorized it;
2°) the issue price or conditions for fixing such price shall be determined by the extraordinary
general meeting upon the report of the board of directors and the special report of the auditor.
Where the issue is not realized on the date of the annual general meeting following the decision,
an extraordinary general meeting shall decide, upon the report of the board of directors and the
special report of the auditors, on the maintenance or adjustment of the issue price or on the
conditions for determining such price, failing which, the decision of the first meeting shall lapse.
Official translation
Spot-checked
In force from 17 April 1997
Source page 182