What are Ordinary and Extraordinary Shareholders’ Meeting?

The Ordinary Shareholders’ Meeting is a meeting held no later than 4 months after the closing of the fiscal year, in order to take the management accounts, examine, discuss and vote the financial statements, resolve on the allocation of the company’s net income and dividends, and to elect the directors and, if applicable, the members of the fiscal council.

The Extraordinary Shareholders’ Meeting shall be convened for the resolution of matters other than those listed above. There may be a summoning and cumulative holding of an ordinary and extraordinary shareholders’ meeting, provided that they are simultaneously convened and held in the same place, date and time, in addition to being instrumented in a single minutes. All shareholders may attend meetings and have the right to vote.

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