Shares shall be issued in two classes, Class A and Class B. A share carries 10 votes per share and Class B shares carry one vote per share.
A-and B-shares in each series may be issued up to a maximum number which corresponds to 100 percent of the entire share capital.
A shareholder may request the Board of Directors that held Class A shares shall be converted into Class B shares. Board shall immediately address the issue and then promptly notify the conversion to the Registration Office. The conversion is executed when it is recorded in the companies register and noted in the CSD register.
The company decides to cash or offset issue new shares, holders of Class A shares and B shares have preferential rights to subscribe for new shares of the same class in proportion to the number of shares held by such holder (primary preferential right). Shares not subscribed for by primary preferential rights shall be offered to all shareholders (subsidiary preferential right). If the number of shares offered is insufficient for subscription based on subsidiary shares shall be distributed in proportion to the total number of shares they own in the company. To the extent that this is not possible in respect of certain share / certain shares, is the distribution by lot.
If the company decides to issue shares of either Class A or Class B, all shareholders regardless of whether their shares are Class A or Class B, shall have preferential rights to subscribe for new shares in proportion to the number of shares they own.
What is stated above shall not in any way limit the ability to decide on share issue in deviation from the shareholders.
The provisions above concerning preferential rights shall apply mutatis mutandis for the issue of warrants and convertibles.
On increasing the bonus issue, new shares of each class in proportion to the number of shares of the same class previously issued. Existing shares of each class shall have preferential rights to new shares of the same class. The aforesaid shall not in any way limit the possibility of a bonus issue, following the required amendments to the articles, issue shares of a new class.