Econocom - 2019 Universal registration document

07 shareholders

hare performance and shareholders

The Annual General Meeting may also authorise the Board of Directors to acquire the Company’s shares or profit shares, in accordance with applicable laws and regulations, by means of purchase or exchange, to protect the Company from serious and imminent harm. This authorisation may be renewed, on one or more occasions, in accordance with applicable laws and regulations. The Board of Directors may otherwise dispose of shares of the new Company in the conditions provided by the new Belgian Companies Code, as well as to spare the Company serious and imminent harm, provided, in such cases, that the securities are sold on the market or as a public offering made on the same conditions to all shareholders. Notifications 1.8. of major shareholdings Directive 2004/109/EC of the European Parliament and of the Council of 15 ژ December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market, amending Directive 2001/34/EC, was transposed into Belgian law by the Act of 2 ژ May 2007 on the publication of major shareholdings in issuers whose shares are admitted to trading on a regulated market (“Transparency Act”) and by the Royal Decree of 14 ژ February 2008 on the publication of major shareholdings (“Royal Decree on Transparency”). This legislation came into force on 1 September 2008. Pursuant to these provisions, any natural or legal person who acquires, directly or indirectly, securities carrying voting rights of the Company must notify it and the FSMA

(Belgian Financial Services and Markets Authority) of the number and percentage of voting rights held subsequent to this acquisition when the voting rights attached to securities carrying voting rights reach a proportion of 5% or more of total existing voting rights. Shareholders must also notify the Company in the event that they directly or indirectly acquire securities carrying voting rights when, as a result of their acquisition, the number of voting rights reaches or exceeds 10%, 15%, 20%, and every five-percentage point threshold thereafter, of total existing voting rights. Notification is also required in the event that shareholders directly or indirectly sell securities carrying voting rights when, as a result of this sale, the voting rights fall below one of the thresholds stated above. In accordance with article ژ 6 of the Transparency Act, the disclosure requirements mentioned above apply whenever the number of voting rights rises above or falls below the specified thresholds as a result of, among others: the acquisition or sale of securities 1. carrying voting rights, regardless of how the securities were acquired or sold, for example, by means of a purchase, sale, exchange, contribution, merger, spin-off or succession; unintentionally crossing the specified 2. thresholds (due to an event altering the allocation of voting rights); or the conclusion, modification or 3. termination of an agreement to act in concert. The FSMA and the Company must be informed of any such event as soon as possible, and at the latest within four working days of the date on which the event took place.

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2019 annual report