Participatory Financial Instruments Sample Clauses

Participatory Financial Instruments. The Company, following the contribution of the Shareholders or third parties, including works or services, may issue participatory financial instruments ("SFP") pursuant to Article 2346(6) of the Italian Civil Code. SFP subscribers have the right to participate without the right to vote in shareholders' meetings, without prejudice to the rights they may be entitled to as a result of any shareholdings they may hold. The decision to issue SFPs and to set out their rules is a matter for the administrative body in accordance with the provisions of Article 23.2 of these Staff Regulations, which may adopt it where there are particular budgetary requirements or where there is a need to finance certain transactions. Unless otherwise decided by the administrative body, the circulation of SFPs is not permitted. * * * CHAPTER 3
Sample 1
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Related to Participatory Financial Instruments

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