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This excerpt taken from the ARA 6-K filed Aug 27, 2009. Paragraph 2 – The Board of Officers may determine the preparation of a balance sheet semiannually or for shorter interim periods, as well as the distribution of intermediate dividends from recorded profits, retained earnings or previously constituted profit reserves.
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This excerpt taken from the ARA 6-K filed Jun 3, 2009. Paragraph 2. Capital increases deriving from the capitalization of profits or reserves shall take place, as a rule, without any change in the number of issued and outstanding shares; in the event of the distribution of new shares due to a capital increase from the capitalization of profits or reserves, such shares must be of the same kind as those already issued. ”
II. i. ii. Exclusion of articles 7 and 9, with the renumbering of subsequent articles. II. i. iii. Subsection II of article 25 – previously article 27 – is to read as follows: “II. 25% (twenty five percent), at least, in payment to the shareholders of a compulsory dividend, calculated against the net profit for the financial year, adjusted according to the law. ” This excerpt taken from the ARA 6-K filed May 28, 2008. Paragraph 2 - The Board of Directors may determine the drawing up of interim balance sheet on a semi-annual basis or for shorter periods, as well as distribution of intermediary dividends to the charged to the accrued income, retained earnings or revenue reserve accounts already set up.
This excerpt taken from the ARA 20-F filed Jun 30, 2005. Paragraph
2 - The Board of
Directors may determine the setting out of a semiannual balance sheet, or a
shorter period, and the distribution of intermediate dividends for the account
of the profits obtained, earned surplus or the profit reserves already set up.
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