EURX » Topics » Issuance of Shares and Pre-emptive Rights

This excerpt taken from the EURX 6-K filed May 14, 2008.
Issuance of Shares and Pre-emptive Rights
 
Our articles of association provide that, unless limited or excluded by our shareholders or board of directors as described below, holders of ordinary shares have a pro rata pre-emptive right to subscribe for any ordinary shares that we issue, except for ordinary shares issued for noncash consideration or ordinary shares issued to our employees. Shareholders may limit or exclude pre-emptive rights. Shareholders may also delegate the power to limit or exclude pre-emptive rights to our board of directors with respect to ordinary shares, the issuance of which has been authorized by our shareholders. In the Annual General Meeting of Shareholders held on May 15, 2007, it was decided to cancel the authority granted to our Board of Directors in our articles of association as amended on November 30, 2006 to issue shares and to exclude or restrict the pre-emptive rights of existing shareholders with respect to any such issuance and to grant a new irrevocable authorization to our Board for a period of five years from the date of the meeting (until May 15, 2012) to issue shares and to exclude or restrict the pre-emptive rights of existing shareholders with respect to any such issuance.
 
This excerpt taken from the EURX 20-F filed Mar 31, 2008.
Issuance of Shares and Pre-emptive Rights
 
Our articles of association provide that, unless limited or excluded by our shareholders or board of directors as described below, holders of ordinary shares have a pro rata pre-emptive right to subscribe for any ordinary shares that we issue, except for ordinary shares issued for noncash consideration or ordinary shares issued to our employees. Shareholders may limit or exclude pre-emptive rights. Shareholders may also delegate the power to limit or exclude pre-emptive rights to our board of directors with respect to ordinary shares, the issuance of which has been authorized by our shareholders. In the Annual General Meeting of Shareholders held on May 15, 2007, it was decided to cancel the authority granted to our Board of Directors in our articles of association as amended on November 30, 2006 to issue shares and to exclude or restrict the pre-emptive rights of existing shareholders with respect to any such issuance and to grant a new irrevocable authorization to our Board for a period of five years from the date of the meeting (until May 15, 2012) to issue shares and to exclude or restrict the pre-emptive rights of existing shareholders with respect to any such issuance.
 

EXCERPTS ON THIS PAGE:

6-K
May 14, 2008
20-F
Mar 31, 2008
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