2005 Annual Report - Touax

time as the dividend paid to the shareholders, and,
failing that, within sixty (60) days of the general meeting
in which the company grants its approval.
Members of the Supervisory Board
(extract from article 12 “Supervisory Board”)
The members of the Supervisory Board shall be
appointed by the Ordinary General Meeting for a
period of one year (article 12.1)
Each member of the Supervisory Board must hold at
least 250 shares in the company (article 12.2).
General meetings
(extract from article 18 “meetings
of shareholding limited partners”)
The provisions applicable to meetings of shareholding
limited partners shall be those provided for by
the law for limited companies.
General meetings shall be convened at the registered
office or in any other place indicated in the notice
of meeting by the Management, the Supervisory
Board or, failing that, by the auditors (article 18.2
“convening of meetings – agenda”)
Except in cases expressly provided for by law, all
shareholders shall be entitled to attend general
meetings and take part in deliberations in person or
through a representative, on production of proof of
identity and ownership of his bearer shares: the
period in which these formalities must be completed
expires three days before the date of the meeting.
(article 18.3 “admission – holding of meetings”).
Double voting rights attached to existing shares
prior to the conversion of the company into a partnership
limited by shares shall be maintained.
In addition, in the event of a capital increase through
the incorporation of reserves, profits or issue premiums,
the double voting right shall be granted,
from the date of issue, to registered shares issued
free of charge to a shareholder on the basis of old
shares for which he benefits from this right. (extract
from article 9.4)
Identifiable bearer shares
The company may at any time request SICOVAM to
identify the holders of bearer shares.
Amendment of articles of association
The general meeting which met on an extraordinary
basis on 30 June 2005 modified the legal form of the
company, converting the limited company TOUAX SA
into a partnership limited by shares bearing the
name TOUAX SCA.
Article 6 “Share capital” of the articles of association
was amended on 7 October 2005, 28 November 2005
and 6 February 2006.
Exceeding of thresholds
Only the exceeding of legal thresholds must be respected.
Voting right (extract from article 9
“rights attached to each share”)
A double voting right shall be allocated to all fully
paid-up shares for which proof is provided of registration
in the name of the same shareholder for at
least the previous five years.
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