WFT » Topics » The rights of our shareholders will be governed by Swiss law and documents following the redomestication.

These excerpts taken from the WFT 10-K filed Feb 24, 2009.
The rights of our shareholders will be governed by Swiss law and documents following the redomestication.
 
After the redomestication, the rights of our shareholders will be governed by Swiss law and Weatherford-Switzerland’s articles of association and organizational regulations (the latter being analogous to bye-laws). The rights of shareholders under Swiss law may differ from the rights of shareholders of companies incorporated in other jurisdictions. For example, directors of Weatherford-Switzerland may be removed by shareholders with or without cause, but such removal requires the vote of shareholders holding at least 662/3% of the voting rights and the absolute majority of the par value of the registered shares represented at the meeting as well as a quorum of at least two-thirds of the registered shares recorded in the share register.
 
The
rights of our shareholders will be governed by Swiss law and
documents following the redomestication.



 



After the redomestication, the rights of our shareholders will
be governed by Swiss law and Weatherford-Switzerland’s
articles of association and organizational regulations (the
latter being analogous to bye-laws). The rights of shareholders
under Swiss law may differ from the rights of shareholders of
companies incorporated in other jurisdictions. For example,
directors of Weatherford-Switzerland may be removed by
shareholders with or without cause, but such removal requires
the vote of shareholders holding at least
662/3%
of the voting rights and the absolute majority of the par value
of the registered shares represented at the meeting as well as a
quorum of at least two-thirds of the registered shares recorded
in the share register.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 24, 2009
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