Econocom - 2019 Universal registration document

07 shareholders

share performance and shareholders

For this purpose they will have the broadest powers conferred by articles ژ 2:87 et ڳ seq. of the new Belgian Companies Code. The Annual General Meeting determines the fees payable to the liquidators. The liquidators can only assume their duties after their appointment by the Annual General Meeting has been approved by the Commercial Court pursuant to articles 2:83 et seq of the new of Belgian Companies Code. Once all liabilities, expenses and liquidation fees have been settled, the net assets will be used first to refund the outstanding paid-up share capital in cash or in securities. If the shares are not all paid up in equal proportions, before making any allocations, the liquidators ensure that all shares are on a wholly equal footing, either by additional calls for funds charged against shares not ژ fully paid up or by prior cash reimbursements for shares paid up in excess of the requisite amount. The remaining balance is allocated equally among all shares. PRE-EMPTIVE RIGHTS IN 1.5.4. THE EVENT OF A CAPITAL INCREASE In the event of a capital increase in cash involving the issuance of new shares, or if the Company were to issue convertible bonds or stock warrants exercisable in cash, existing shareholders have, in principle, a pre-emptive right to subscribe for the new shares, convertible bonds or stock warrants in proportion to the percentage of share capital they already own at the issuance date. The Company’s Annual General Meeting may, however, limit or cancel such pre-emptive rights under specific conditions upon presentation of a report of the Board of

Directors. Any such decision is subject to the same quorum and voting requirements as a decision to increase the Company’s share capital. Shareholders may also allow the Board of Directors to limit or cancel said pre-emptive rights in the event of a capital increase within the authorised capital limits. Rights attached to shares issued by Econocom group may be modified by the Extraordinary General Meeting, voting in accordance with the conditions required for amending the Bylaws. Any changes approved apply to all shareholders. Annual General 1.6. Meeting Ordinary General Meetings The Ordinary General Meeting is held every year on the third Tuesday in May, at 11.00am or on the first working day following this date if the Tuesday is a holiday. At Ordinary General Meetings, the Board of Directors submits to shareholders the annual statutory financial statements prepared in accordance with applicable accounting standards, the annual consolidated financial statements prepared in accordance with IFRS, and the reports of the Board of Directors and Statutory Auditor on the statutory and consolidated financial statements. The Meeting decides whether to approve the statutory financial statements, the appropriation of income, the discharge of Directors and the Statutory Auditor and, where applicable, the appointment, removal or re-election of the Statutory Auditor and/or certain Directors. CHANGES IN RIGHTS 1.5.5. ATTACHED TO SHARES

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2019 annual report