SECTION 592

When the general meeting has delegated its powers under the conditions set forth in article 568 above, the board of directors or the general director, as the case may be, prepares, at the time when it uses its authorization, an additional report describing the final terms of the transaction set up in accordance with the authorization given by the meeting. The report shall also include the information provided in article 589 above. The auditor shall verify notably the compliance of the terms of the transactions with the authorization and particulars given by the meeting. He shall also give his opinion on the choice of items to calculate the issue price and on its final amount, as well as the impact of the issue on the financial situation of the shareholder, in particular concerning such shareholders share percentage in relation to the company equity at the close of the last fiscal year. These additional reports shall be immediately put at the disposal of shareholders at the headquarters no later than fifteen (15) days following the meeting of the board of directors or the resolution of the general director, and communicated to them at the very next meeting. The capital increase may be cancelled in the event of violation of the provisions of this article. Individual renunciation of pre-emptive subscription rights