Vedtægter for Auriga Industries A/S DK/UK - Cheminova.com

Vedtægter for
Auriga Industries A/S
DK/UK
CVR-nr. 34629218
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Dansk:
Vedtægter for Auriga Industries A/S
CVR-nr. 34629218
Selskabets navn, hjemsted og formål
§ 1.1.
Selskabets navn er Auriga Industries A/S.
§ 1.2.
Selskabet driver tillige virksomhed under navnet
"Industri Invest Holding A/S (Auriga Industries A/S)".
§ 2.
Selskabets hjemsted er Århus kommune.
§ 3.
Selskabets formål er at drive industri og handel samt
finansiering i forbindelse hermed
Aktiekapital, aktiebreve m.v.
§ 4.1.
Selskabets aktiekapital udgør kr. 255.000.000. Heraf
udgør kr. 75.000.000 A-aktier og kr. 180.000.000 Baktier.
Aktiekapitalen er fordelt på aktier à kr. 10 eller
multipla heraf. Der kan udstedes samleaktier.
Aktiekapitalen er fuldt indbetalt.
§ 4.2.
Bestyrelsen er indtil 1. maj 2014 bemyndiget til ad en
eller flere gange at forhøje aktiekapitalen med indtil
kr. 25.000.000 B-aktier ved uden fortegningsret for de
gamle aktionærer at udstede aktier til en kurs, der
fastsættes af bestyrelsen, idet tegningskursen dog
ingensinde kan være lavere end kurs pari.
Bemyndigelsen kan benyttes såvel i forbindelse med
overtagelse af bestående virksomhed eller aktiver i
øvrigt som i forbindelse med en kontantforhøjelse.
I det omfang bestyrelsen benytter bemyndigelsen til
kapitaludvidelse til udstedelse af aktier til en lavere
kurs end markedskursen, er bestyrelsen bemyndiget
til at gennemføre kapitaludvidelsen med
fortegningsret for de gamle aktionærer i henhold til
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English:
Articles of association of Auriga
Industries A/S
CVR no. 34629218
Company name, domicile and object
Article 1.1.
The name of the Company shall be Auriga Industries
A/S.
Article 1.2.
Moreover, the Company shall conduct business
under the secondary name “Industri Invest Holding
A/S (Auriga Industries A/S)”.
Article 2.
The Company shall be domiciled in the Municipality
of Aarhus, Denmark.
Article 3.
The object of the Company is to engage in industrial
and trading activities as well as any financing
activities incidental thereto.
Share capital, share certificates etc.
Article 4.1.
The share capital of the Company is DKK
255,000,000. The said share capital shall be divided
into Class A shares with a nominal value of DKK
75,000,000 and Class B shares with a nominal value
of DKK 180,000,000. The share capital shall be
divided into shares of DKK 10 each or multiples
thereof. Portfolio shares may be issued. The share
capital has been fully paid in.
Article 4.2.
In the period until May 1, 2014, the Board of Directors
shall be authorized to increase the share capital,
through one or more rounds, by issuing Class B
shares with a nominal value of up to DKK 25,000,000
without pre-emptive rights of subscription for existing
shareholders and at a price fixed by the Board of
Directors. The subscription price shall, however,
never be below par. The authorization shall be
exercisable in connection with both the take-over of
existing business activities or assets and in
connection with a cash increase.
To the extent that the Board of Directors should
exercise its authorization to increase the share
capital by issuing shares at a price below the market
price, the Board of Directors shall be authorized to
carry through such capital increase with pre-emptive

vedtægternes bestemmelse herom. Der skal for de
nye aktier gælde, at der ved fremtidige forhøjelser
ikke gælder indskrænkninger i den til aktierne
knyttede fortegningsret, at aktierne udstedes til
ihændehaver, men kan noteres på navn i selskabets
ejerbog, og at de skal være omsætningspapirer.
§ 5.
A-aktierne skal udstedes lydende på navn og skal
stedse være noteret på navn i selskabets ejerbog
med angivelse af aktionærens postadresse. Udbytte
vedrørende A-aktier betales ved fremsendelse til Aaktionærer
under den adresse, der er noteret i
ejerbogen.
A-aktierne er ikke-omsætningspapirer.
§ 6.1
B-aktierne er omsætningspapirer og udstedes og
registreres gennem VP Securities A/S. B-aktierne udstedes
til ihændehaver og er frit omsættelige. B-aktier
kan noteres på navn i ejerbogen. En B-akties transport
til en navngiven ejer har kun gyldighed over for
selskabet, når transporten er registreret i VP
Securities A/S og indført i ejerbogen. Selskabet er
uden ansvar for en noteret transports ægthed eller
rigtighed. Udbytte vedrørende B-aktierne udbetales
ved overførsel gennem VP Securities A/S.
§ 6.2.
Auriga Industries A/S’ ejerbog føres eksternt af VP
Investor Services A/S (VP Services A/S), Weidekampsgade
14, 2300 København S.
§ 7.1.
Ingen aktionær er forpligtet til at lade sine aktier indløse
helt eller delvist, og ingen aktier har særlige rettigheder
bortset fra de nedenfor indeholdte regler om
A-aktiernes og B-aktiernes fortegningsret ved
aktieudvidelser og de i vedtægternes §10.2.
indeholdte regler om stemmeret.
§ 7.2.
Såfremt en generalforsamling beslutter, at
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rights of subscription for existing shareholders in
accordance with the provisions of the Articles of
Association thereon. The pre-emptive rights of
subscription attaching to such new shares shall not in
the event of any future increase in the share capital
be subject to any limitations. Such new shares shall
be issued to the bearer, such bearers being,
however, entitled to be recorded in the Company's
Register of Shareholders, and be negotiable
instruments.
Article 5.
Class A shares shall be registered shares and the
names of the holders shall always be registered in
the Company’s Register of Shareholders together
with the postal address of each shareholder.
Dividend payable in respect of Class A shares shall
be sent by post to the holders of such Class A shares
at the addresses registered in the Register of
Shareholders. Class A shares shall be nonnegotiable
instruments.
Article 6.1
Class B shares shall be negotiable instruments and
be issued and registered through VP Securities A/S.
Class B shares shall be issued to bearer and shall be
freely negotiable. The holders of Class B shares can
be recorded in the Company’s Register of
Shareholders. The transfer of a Class B share to a
named holder shall be valid vis-à-vis the Company
only when such transfer is registered by VP
Securities A/S and recorded in the Company’s
Register of Shareholders. The Company shall accept
no liability for the authenticity or correctness of a
registered transfer. Divided payable in respect of
Class B shares shall be paid by transfer via VP
Securities A/S.
Article 6.2
Auriga Industries A/S’s Register of Shareholders shall
be held externally by VP Investor Services A/S (VP
Services A/S), Weidekampsgade 14, 2300
København S., Denmark.
Article 7.1.
No shareholder shall be obliged to have his or her
shares redeemed, either fully or partly, and no shares
shall enjoy any special rights save as set out below in
the provisions governing the pre-emptive rights of
subscription attaching to Class A shares and Class B
shares in connection with increases of the share
capital and the provisions governing voting rights
contained in Article 10 of the present Articles of
Association.
Article 7.2.
In the event that a general meeting should decide

aktiekapitalen skal udvides ved nytegning af såvel A-
som B-aktier, har A-aktionærer fortegningsret til nye
A-aktier og B-aktionærerne fortegningsret til nye Baktier.
Sker udvidelsen alene med én aktieklasse, har
samtlige aktionærer fortegningsret til nye aktier i
forhold til deres besiddelse af gamle aktier.
§ 7.3.
Udbytte vedrørende A-aktier eller B-aktier, der ikke er
hævet inden 5 år fra forfaldsdagen, tilfalder
selskabet. Mortifikation af selskabets aktier kan finde
sted uden dom i overensstemmelse med
selskabslovens regler herom.
§ 7.4.
Aktionærer skal give meddelelse til selskabet om
betydelige aktiebesiddelser og ændringer heri, jf.
selskabsloven § 55. Meddelelse skal gives senest 2
uger efter én af grænserne i selskabslovens § 55 nås
eller ikke længere er nået.
Elektronisk kommunikation
§ 7.5.
Selskabet anvender elektronisk dokumentudveksling
og elektronisk post (elektronisk kommunikation) i sin
kommunikation med aktionærerne. Selskabet kan til
enhver tid vælge endvidere at kommunikere med
almindelig brevpost.
Elektronisk kommunikation kan af selskabet
anvendes til alle meddelelser og dokumenter, som i
henhold til selskabets vedtægter, selskabsloven samt
børslovgivning og -regler skal udveksles mellem
selskabet og aktionærerne, herunder for eksempel
indkaldelse til ordinær og ekstraordinær
generalforsamling med tilhørende dagsorden og
fuldstændige forslag, fuldmagter, delårsrapport,
årsrapport, selskabsmeddelelser, finanskalender og
prospekter samt i øvrigt generelle oplysninger fra
selskabet til aktionærerne. Sådanne dokumenter og
meddelelser lægges på selskabets hjemmeside,
www.auriga.dk, og tilsendes aktionærerne pr. email i
det omfang, det er påkrævet.
Oplysning om kravene til de anvendte systemer samt
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that an increase of the share capital be effected
through the issue of both Class A and Class B
shares, existing holders of Class A shares shall enjoy
a pre-emptive right of subscription to new Class A
shares, and existing holders of Class B shares shall
enjoy a pre-emptive right of subscription to new Class
B shares. Should an increase be effected in respect
of one share class only, all existing shareholders
shall enjoy a pre-emptive right of subscription to such
new shares in proportion to their existing
shareholdings.
Article 7.3.
Dividend payable in respect of Class A or Class B
shares not claimed within five years of the due date
shall accrue to the Company. The Company’s shares
shall be cancellable without judgement in accordance
with the provisions of the Danish Companies Act
(selskabsloven) thereon.
Article 7.4.
Shareholders shall notify the Company of any
considerable shareholdings and any changes therein,
cf. Section 55 of the Danish Companies Act
(Selskabsloven). Such notice shall be given within
two weeks of one of the limits set out in Section 55 of
the Danish Companies Act being reached or no
longer being reached.
Electronic communication
Article 7.5.
The Company shall use electronic document
exchange and electronic mail (electronic
communication) in its communication with
shareholders. The Company shall at any time be
entitled to communicate by ordinary post.
The Company shall be entitled to use electronic
communication for all announcements, notices and
documents which, in accordance with the Company’s
Articles of Association, the Danish Companies Act
(Selskabsloven) as well as stock exchange legislation
and rules, must be exchanged between the Company
and its shareholders, including, for example, notices
of the annual general meeting and extraordinary
general meetings with relevant agenda and complete
proposals, proxies, interim financial report, annual
report, company announcements, financial calendar
and prospectuses as well as any other general
information from the Company to shareholders. Such
documents, announcements and notices shall be
made available on the Company’s website,
www.auriga-industries.com, and sent to the
shareholders via email to the extent required.
Information on the requirements for the systems used

om fremgangsmåden i forbindelse med den
elektroniske kommunikation fremgår af selskabets
hjemmeside www.auriga.dk.
Det er den enkelte aktionærs ansvar at sikre, at
selskabet er i besiddelse af korrekt e-mail-adresse.
Uanset foranstående sendes indkaldelse til
generalforsamling efter aktionærens anmodning med
almindelig brevpost til den i ejerbogen noterede
adresse.
Generalforsamlinger
§ 8.1.
Generalforsamlinger indkaldes af bestyrelsen med
højst 5 ugers og mindst 3 ugers varsel ved
offentliggørelse af en generel selskabsmeddelelse,
bekendtgørelse i Erhvervsstyrelsens IT-system, på
selskabets hjemmeside samt skriftligt til de i
ejerbogen noterede aktionærer, der har fremsat
begæring herom. Indkaldelsen skal indeholde
dagsordenen for generalforsamlingen og angive det
væsentligste indhold af eventuelle forslag til
vedtægtsændringer, medmindre selskabsloven
kræver, at indkaldelsen angiver den fulde ordlyd af
forslaget til vedtægtsændringer.
§ 8.2.
Generalforsamlinger afholdes i selskabets
hjemstedskommune, eller i Lemvig eller i København.
§ 8.3.
Den ordinære generalforsamling afholdes hvert år i
så god tid, at den reviderede og godkendte
årsrapport kan være Erhvervsstyrelsen i hænde
senest 4 måneder efter regnskabsårets udløb.
Forslag fra aktionærerne må, for at komme til
behandling på den ordinære generalforsamling, være
indgivet til bestyrelsen mindst 6 uger før
generalforsamlingens afholdelse. Reglerne i
selskabsloven er endvidere gældende.
§ 8.4.
Ekstraordinære generalforsamlinger afholdes, når bestyrelsen
eller en generalforsamlingsvalgt revisor finder
dette hensigtsmæssigt. Endvidere skal
ekstraordinære generalforsamlinger indkaldes inden
14 dage, når det til behandling af et bestemt angivet
emne skriftligt forlanges af aktionærer, der tilsammen
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as well as on the procedure in connection with the
electronic communication shall be available on the
Company’s website www.auriga-industries.com.
The individual shareholder shall be responsible for
ensuring that the Company has the correct email
address.
Notwithstanding the above, notices of general
meetings shall, upon the request of the shareholder,
be sent by ordinary post to the address registered in
the Company’s Register of Shareholders.
General meetings
Article 8.1.
General meetings shall be called by the Board of
Directors giving at most five weeks’ notice and at
least three weeks’ notice by publication of a general
company announcement, publication in the IT system
of the Danish Business Authority (Erhvervsstyrelsen),
on the Company’s website and in writing to the
shareholders registered in the Register of
Shareholders having so requested. The notice shall
be accompanied by the agenda for the general
meeting and shall specify the material contents of
any proposed amendments to the Articles of
Association, unless the Danish Companies Act
(Selskabsloven) stipulates that the full wording of the
proposed amendment to the Articles of Association
be stated in the notice.
Article 8.2.
General meetings of the Company shall be held in
the Company's municipality of registration or in
Lemvig or in Copenhagen.
Article 8.3.
The annual general meeting shall be held each year
so as to allow for the audited and adopted annual
report to be submitted to the Danish Business
Authority (Erhvervsstyrelsen) within four months of
the end of the financial year at the latest. Proposals
from the shareholders shall, in order to be considered
by the annual general meeting, be submitted to the
Board of Directors no later than six weeks before the
holding of the annual general meeting. Furthermore,
the provisions laid down in the Danish Companies
Act (Selskabsloven) shall apply.
Article 8.4.
Extraordinary general meetings shall be held when
deemed expedient by the Board of Directors or one
of the Company auditors appointed by the general
meeting. Extraordinary general meetings shall
moreover be called within two weeks when so
requested in writing by shareholders jointly holding at

ejer mindst 5% af aktiekapitalen.
§ 8.5.
Indkaldelsen til generalforsamlingen, oplysninger om
stemme- og kapitalforhold på datoen for
indkaldelsen, de dokumenter, der skal fremlægges
på generalforsamlingen, herunder for ordinære
generalforsamlinger den reviderede årsrapport,
dagsorden og fuldstændige forslag, samt oplysninger
om de formularer, der skal anvendes ved skriftlig
stemmeafgivelse og ved stemmeafgivelse ved
fuldmagt gøres tilgængelige til eftersyn for
aktionærerne på hjemmesiden senest 3 uger før
generalforsamlingen.
§ 8.6.
Selskabet offentliggør senest 8 uger før dagen for
den påtænkte afholdelse af den ordinære
generalforsamling datoen for generalforsamlingen
samt datoen for aktionærernes seneste fremsættelse
af forslag til dagsordenen, jf. 8.3. Offentliggørelsen
sker i selskabets finanskalender.
§ 8.7.
Hvor det i vedtægterne er angivet, at en bestemt
handling skal foretages et bestemt antal dage eller
uger før eller efter generalforsamlingen, beregnes
fristen for denne handling fra dagen før eller efter
generalforsamlingen, jf. dog § 9 om registreringsdato.
§ 9.
Ethvert medlem af bestyrelsen for Aarhus
Universitets Forskningsfond har adgang til
generalforsamlingen, og enhver aktionær eller
dennes fuldmægtig har ret til at deltage i
generalforsamlingen og afgive stemme i tilknytning til
de aktier, som aktionæren besidder på
registreringsdatoen. Registreringsdatoen ligger 1 uge
før generalforsamlingen (samme ugedag som
generalforsamlingens afholdelse). De aktier, den
enkelte aktionær besidder, opgøres på
registreringsdatoen på baggrund af oplysningerne i
ejerbogen samt meddelelser om ejerforhold, som
selskabet har modtaget med henblik på indførsel i
ejerbogen, men som endnu ikke er indført i denne.
Selskabets generalforsamlinger er åbne for pressen.
§ 9.1.
Enhver aktionær, der er berettiget til at møde på
generalforsamlingen, jf. § 9, og som ønsker at
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least 5% of the share capital for the consideration of
a concrete, specified item.
Article 8.5.
The notice of the general meeting, information on
voting rights and capital on the date of the notice, the
documents to be presented at the general meeting as
well as information on the forms to be used in
connection with voting in writing and voting by proxy
shall be made available for inspection by the
shareholders on the Company’s website no later than
three weeks prior to the general meeting.
Prior to the annual general meeting, the audited
annual report, the agenda and the complete
proposals to be considered shall also be made
available for inspection.
Article 8.6.
No later than eight weeks before the planned holding
of the annual general meeting, the Company shall
announce the date of the annual general meeting as
well as the deadline for the shareholders’ submission
of proposals for the agenda, cf. Article 8.3. Such
announcement shall be made in the Company’s
financial calendar.
Article 8.7.
Where these Articles of Association stipulate that a
specific action must be taken a specific number of
days or weeks before or after the general meeting,
the deadline for such action shall be calculated from
the day before or after the general meeting, cf.,
however, Article 9 on registration date.
Article 9.
All members of the board of the Aarhus University
Research Foundation shall be admitted to the
general meeting, and all shareholders or their proxies
shall be entitled to attend the general meeting and
exercise the voting right attaching to the shares held
by the shareholder on the registration date. The
registration date shall be one week prior to the
general meeting (the same day of the week as the
day on which the general meeting is held). The
number of shares held by the individual shareholder
shall be calculated on the registration date on the
basis of the information contained in the Company’s
Register of Shareholders as well as on the
announcements concerning ownership received by
the Company with a view to recording in the Register
of Shareholders but which have not yet been
recorded therein. The Company’s general meetings
shall be open to the media.
Article 9.1.
All shareholders entitled to attend the general
meeting, cf. Article 9, and wishing to attend the

deltage i generalforsamlingen, skal senest 3 dage før
generalforsamlingen anmode om adgangskort til
generalforsamlingen. Procedure for bestilling af
adgangskort angives på selskabets hjemmeside
www.auriga.dk.
§ 9.2.
Aktionæren kan møde personligt eller ved
fuldmægtig, og aktionæren hhv. fuldmægtigen kan
møde sammen med en rådgiver. Stemmeret kan
udøves i henhold til fuldmagt. Såfremt der gives
fuldmagt til andre end bestyrelsen, er det en
forudsætning at enten aktionæren eller fuldmægtigen
har indløst adgangskort. Fuldmægtigen skal i
forbindelse med eventuel bestilling af adgangskort og
ved adgangskontrollen i forbindelse med
generalforsamlingen forevise skriftlig og dateret
fuldmagt. En fuldmagt kan tilbagekaldes til enhver tid.
Tilbagekaldelsen skal ske skriftligt og kan ske ved
henvendelse til selskabet på e-mail-adressen:
investor@auriga.dk. Fuldmagt til selskabets ledelse
kan ikke gives for længere tid end 12 måneder og
skal gives til en bestemt generalforsamling med en
på forhånd kendt dagsorden.
§ 9.3.
Aktionærer, der er berettiget til at deltage i en
generalforsamling, jf. § 9, kan stemme skriftligt.
Skriftlige stemmer skal være selskabet i hænde
senest dagen før generalforsamlingen. Skriftlige
stemmer kan ikke tilbagekaldes.
§ 10.1.
Stemmeret kan kun udøves af aktionæren, når han
har fået noteret sine aktier i ejerbogen eller har
anmeldt og dokumenteret sin erhvervelse. En
aktionær, der har erhvervet aktier ved overdragelse
efter registreringsdatoen, har ikke ret til at deltage i
generalforsamlingen og kan ikke udøve stemmeret
for de pågældende aktier på generalforsamlinger.
§ 10.2.
Hvert A-aktiebeløb på kr. 10 giver 10 stemmer på generalforsamlingen,
og hvert B-aktiebeløb på kr. 10 giver
1 stemme på generalforsamlingen.
§ 11.
Generalforsamlingen ledes af en af bestyrelsen forud
valgt dirigent, der leder forhandlingerne og afgør alle
spørgsmål vedrørende sagernes behandlingsmåde
og stemmeafgivningen. Enhver stemmeberettiget kan
forlange skriftlig afstemning med hensyn til de forelig-
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general meeting shall, at least three days prior to the
date of the general meeting, request an admission
card to the general meeting. The procedure for
ordering admission cards is indicated on the
Company’s website www.auriga-industries.com.
Article 9.2.
Shareholders shall be entitled to attend in person or
by proxy, and each shareholder or proxy,
respectively, shall be entitled to be accompanied by
an advisor. The voting right may be exercised by
proxy. Where an instrument of proxy is issued to a
party other than the Board of Directors, it shall be a
precondition that either the shareholder or the proxy
has obtained an admission card. In connection with
any ordering of admission cards and at the admission
control in connection with the general meeting, the
proxy shall present a written and dated instrument of
proxy. An instrument of proxy can be revoked at any
time. Such revocation shall be made in writing and
can take place by contacting the Company on the
email address: investor@auriga.dk. Instruments of
proxy to the Company’s Board of Directors and Board
of Executives shall not be issued for a period of more
than 12 months and shall be issued only for a specific
general meeting with an agenda known in advance.
Article 9.3.
All shareholders entitled to attend a general meeting,
cf. Article 9, can cast their vote in writing. Votes cast
in writing shall be submitted to the Company no later
than on the day before the general meeting. Written
votes cannot be revoked.
Article 10.1.
The voting rights of a shareholder shall be
exercisable only if such shareholder has registered
his or her shareholding in the Company’s Register of
Shareholders or has reported and documented his or
her acquisition of shares. A shareholder who has
acquired shares by way of a transfer after the
registration date shall not be entitled to attend the
general meeting and cannot exercise the voting right
attaching to the shares in question at general
meetings.
Article 10.2.
Each shareholding of Class A shares of DKK 10 shall
carry ten votes and each shareholding of Class B
shares of DKK 10 shall carry one vote at the
Company's general meetings.
Article 11.
All general meetings shall be chaired by a chairman
elected in advance by the Board of Directors, who
shall preside over the general meeting and decide
any issue concerning the consideration of the items
and the casting of votes. Any shareholder entitled to

gende forhandlingsemner.
§ 12.
Dagsordenen for den ordinære generalforsamling
skal omfatte:
1. Bestyrelsens beretning om selskabets virksomhed
i det forløbne regnskabsår.
2. Fremlæggelse af årsrapport med
revisionspåtegning til godkendelse, herunder beslutning
om decharge for direktion og bestyrelse
samt godkendelse af vederlag til bestyrelsen.
3. Beslutning om anvendelse af overskud eller dækning
af underskud i henhold til den godkendte
årsrapport.
4. Valg af medlemmer til bestyrelsen.
5. Valg af revisor.
6. Eventuelle forslag fra bestyrelse eller aktionærer.
§ 13.1.
De på generalforsamlingen behandlede anliggender
afgøres ved simpel stemmeflerhed, for så vidt der
ikke efter lovgivningen eller nærværende vedtægter
udkræves særlig stemmeflerhed.
§ 13.2.
Over det på generalforsamlingen passerede føres en
protokol, der underskrives af dirigenten og
bestyrelsens formand. Senest 2 uger efter
generalforsamlingens afholdelse skal protokollen
være tilgængelig for aktionærerne.
§ 13.3.
Selskabet offentliggør senest 2 uger efter
generalforsamlingens afholdelse
afstemningsresultaterne på sin hjemmeside:
www.auriga.dk.
Bestyrelsen
§ 14.
Bestyrelsen består - foruden de repræsentanter for
medarbejderne, som ifølge de til enhver tid gældende
lovregler måtte være valgt som bestyrelsesmedlemmer
- af 4-6 medlemmer, der vælges af generalforsamlingen.
Valget sker for et år ad gangen.
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vote may demand that secret ballots be held in
connection with the voting on any items considered.
Article 12.
The agenda of the annual general meeting shall
include the following items:
1. Report by the Board of Directors on the
Company’s activities in the past financial year.
2. Presentation of the annual report with the
auditors’ report for adoption, including resolution
about the discharge of the obligations of the
Board of Executives and the Board of Directors,
and approval of remuneration paid to the Board of
Directors.
3. Resolution concerning the appropriation of profits
or the cover of losses in accordance with the
adopted annual report.
4. Election of members to the Board of Directors.
5. Appointment of auditor.
6. Any proposals submitted for consideration by the
Board of Directors or by shareholders.
Article 13.1.
The items considered at the general meeting shall be
decided by a simple majority of votes unless a
special majority of votes is required by legislation or
by any provision contained in the present Articles of
Association.
Article 13.2.
Minutes of the proceedings of the general meeting
shall be entered in a minute book, which shall be
signed by the chairman of the meeting and the
chairman of the Board of Directors. No later than two
weeks after the holding of the general meeting, the
minute book shall be made available for review by
the shareholders.
Article 13.3.
No later than two weeks after the holding of the
general meeting, the Company shall publish the
voting results on its website: www.aurigaindustries.com.
Board of Directors
Article 14.
The Board of Directors shall – in addition to such
employee representatives as are elected members to
the Board of Directors pursuant to legislation in force
from time to time – consist of 4-6 members who shall
be elected by the general meeting. Members shall be

Fratrædende bestyrelsesmedlemmer kan genvælges.
Intet bestyrelsesmedlem kan dog vælges eller
genvælges efter at være fyldt 70 år.
§ 15.1.
Bestyrelsen vælger mellem sine medlemmer for ét år
ad gangen en formand og en næstformand, der i formandens
forfald træder i hans sted.
§ 15.2.
Formanden sammenkalder til bestyrelsesmøder og
leder disse. Over det på møderne passerede føres
en protokol, der efter hvert møde underskrives af de
tilstedeværende medlemmer af bestyrelsen. Bestyrelsesmøder
afholdes så ofte, formanden finder det
hensigtsmæssigt, eller når det begæres af et medlem
af bestyrelsen eller af en direktør.
§ 15.3.
Bestyrelsen er beslutningsdygtig, når over halvdelen
af samtlige medlemmer er til stede eller
repræsenteret. Bestyrelsens beslutninger træffes ved
flertal af de mødende bestyrelsesmedlemmer. I
tilfælde af stemmelighed er formandens, og i dennes
forfald næstformandens, stemme den afgørende.
§15.4.
På ordinær generalforsamling den 28. april 2011 har
generalforsamlingen godkendt nye overordnede
retningslinjer for incitamentsaflønning af selskabets
bestyrelse og direktion. Retningslinjerne er
offentliggjort på selskabets hjemmeside.
§ 16.
Bestyrelsen ansætter 1 til 4 direktører til den daglige
ledelse af selskabet under tilsyn af bestyrelsen og i
overensstemmelse med de instrukser, som gives af
denne.
Tegningsret
§ 17.
Selskabet tegnes af 2 medlemmer af direktionen,
eller af et medlem af direktionen og et
bestyrelsesmedlem, eller af bestyrelsens formand og
et bestyrelsesmedlem eller af den samlede
bestyrelse i forening.
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elected for a period of one year at a time. Resigning
members of the Board of Directors shall be eligible
for re-election. No member of the Board of Directors
shall be elected or re-elected after having attained
the age of seventy.
Article 15.1.
From among its members, the Board of Directors
shall for a period of one year at a time elect a
chairman and a deputy chairman, who shall take the
place of the chairman in his absence.
Article 15.2.
The chairman of the Board of Directors shall call
meetings of the Board of Directors and chair its
meetings. Minutes of the proceedings at board
meetings shall be entered in a protocol which shall be
signed after each meeting by the members of the
Board of Directors present. The Board of Directors
shall meet as and when deemed necessary by the
chairman or when so requested by a member of the
Board of Directors or of the Board of Executives.
Article 15.3.
The Board of Directors shall form a quorum when
more than half of all members of the Board of
Directors are present or represented. Any proposal
considered by the Board of Directors shall be carried
by a majority of the members of the Board of
Directors present. In the event of an equality of votes,
the chairman or, in his absence, the deputy chairman
shall have the casting vote.
Article 15.4.
At the annual general meeting on April 28, 2011, the
general meeting adopted new general guidelines
concerning performance-related remuneration for the
Company’s Board of Directors and Executive Board.
The guidelines are available on the Company’s
website.
Article 16.
The Board of Directors shall appoint between one
and four members to the Board of Executives who
shall be in charge of the day-to-day management of
the Company. The day-to-day management of the
Company shall be overseen by the Board of Directors
and shall be in accordance with any instructions
issued by the Board of Directors.
Signatories for the Company
Article 17.
Signatories for the Company shall be two members
of the Board of Executives; or one member of the
Board of Executives jointly with one member of the
Board of Directors; or the chairman of the Board of
Directors jointly with another member of the Board of

Regnskabsafslutning
§ 18.
Selskabets regnskabsår er kalenderåret.
§ 19.
Selskabets regnskaber revideres af en af generalforsamlingen
for 1 år ad gangen valgt statsautoriseret
revisor.
§ 20.
Regnskabet opgøres overensstemmende med god
regnskabsskik og under foretagelse af påbudte og
nødvendige afskrivninger og henlæggelser.
Om anvendelse af overskuddet træffer
generalforsamlingen bestemmelse efter bestyrelsens
indstilling.
Ved selskabets opløsning skal formuen fordeles
ligeligt mellem aktionærerne i forhold til deres aktiers
nominelle værdi.
Således vedtaget på selskabets ordinære generalforsamling
den 11. april 2012.
Bestyrelsen for Auriga Industries A/S består pr. 11.
april 2012 af følgende personer:
Jens Due Olsen
Formand
Torben Svejgård
Næstformand
Lars Hvidtfeldt
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Page 10 of 11
Directors; or all members of the Board of Directors
jointly.
Annual reporting
Article 18.
The Company’s financial year shall be the calendar
year.
Article 19.
The Company’s financial statements shall be audited
by one state-authorised public accountant to be
appointed by the general meeting for one year at a
time.
Article 20.
The financial statements shall be prepared in
accordance with generally recognised accounting
principles and in compliance with all statutory and
necessary depreciation and provisions being made.
The general meeting shall decide on the appropriation
of profits following the recommendation of the
Board of Directors.
In the event of the winding-up of the Company, the
assets of the Company shall be divided equally between
its shareholders in proportion to the nominal
value of their shareholdings.
Thus adopted at the Company’s annual general
meeting on April 11, 2012.
As on April 11, 201, members of the Board of Directors
of Auriga Industries A/S were:
Jens Due Olsen
Chairman
Torben Svejgård
Deputy Chairman
Lars Hvidtfeldt

Jørgen Jensen
Karl Anker Jørgensen
Jutta af Rosenborg
Kapil K. Saini
Peder Munk Sørensen
Jørn Sand Tofting
Jørgen Jensen
Karl Anker Jørgensen
Jutta af Rosenborg
Kapil K. Saini
Peder Munk Sørensen
Jørn Sand Tofting
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