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➔ Stockholders’ Meetings (Article 11 of the bylaws)
Notice of Meeting
Stockholders’ meetings are held either at the Company’s registered
office or at any other location specified in the Notice of Meeting, which
is prepared in compliance with the applicable legislation.
Double voting rights
Fully paid-up shares registered in the name of the same stockholder for
at least four years carry double voting rights.
This system was maintained following the 1972 change in
Peugeot S.A.’s governance structure, from a company with a Board of
Directors to one with a Managing Board and a Supervisory Board. The
vesting period was increased from two to four years at an Extraordinary
Stockholders’ Meeting on June 29, 1987. In the event of a bonus share
issue paid up by capitalizing reserves, net income or additional paid-in
capital, the bonus shares issued in respect of shares carrying double
voting rights will be eligible for double voting rights from issue. As
prescribed by law, double voting rights are stripped from all shares
converted into bearer shares or sold, except when the transfer of
ownership results from an inheritance, a divorce, or a gift to a spouse
or other relative in the direct line of succession.
Disclosure thresholds (Article 7 of the bylaws)
In addition to complying with the disclosure requirements prescribed by
law, any company or natural person that becomes the direct or indirect
holder of shares representing more than 2% of the capital is required to
disclose their total interest to the Company within five calendar days of
the date on which the shares are recorded in their account. Each
additional 1% of the capital acquired must also be disclosed. These
disclosure rules, which are specified in the bylaws, apply even in the
case of interests in excess of the first legal disclosure threshold of 5%.
In the case of non-disclosure, at the request of one or several
stockholders together holding at least 5% of the capital, the undisclosed
shares will be stripped of voting rights for a period of two years from
the date on which the omission is remedied.
There are no other bylaw clauses limiting voting rights.
PSA PEUGEOT CITROËN - INFORMATION ABOUT PEUGEOT S.A. 209