Econocom - 2020 annual report

07 shareholders

share performance and shareholders

PRE-EMPTIVE RIGHTS IN THE 1.5.4. 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 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. CHANGES IN RIGHTS 1.5.5. ATTACHED TO SHARES 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 toall shareholders. General Meetings 1.6. 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 shareholdersthe annual statutory financial statementsprepared 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-electionof the StatutoryAuditor and/or certainDirectors. Extraordinary General Meetings and Special General Meetings A Special General Meeting, or, where appropriate, an Extraordinary General Meeting, may be called by the Board of Directorsor by the StatutoryAuditor as often as is required in the Company’s interest. Any suchMeetingmustbe calledat the requestof the Chairman of the Board of Directors, a Chief Executive Officer ( Administrateur Délégué ), a Statutory Auditor ( Commissaire ), or one or more shareholdersrepresentingat least one-tenth of the Company’s share capital (article 27of the Bylaws). Content of General Meeting convening notices General Meeting notices must contain at least the following information: the date, time and place of the General • Meeting; the agenda, indicating the items to be • discussed as well as resolution proposals; a clear and accurate description of the • formalitiesto be completedby shareholders in order to attend the General Meeting and exercise their voting rights, including the deadline by which shareholders should indicate their intention to attend the Meeting:

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2020 annual report