Increase in share capital and preferential subscription rights. (A) The share capital may be increased in any manner provided for by law by a unilateral decision of the sole Shareholder or by a collective decision of the Shareholders, in case of a plurality of Shareholders, taken under the conditions of Article 14 hereafter.
(B) In the event of an increase by issue of Shares to be subscribed for in cash, or of an issue of securities giving access to the capital or entitling to the allocation of debt securities, a preferential subscription right to these Shares is reserved for the owners of the existing Shares in proportion to their holding in the capital of the Company, under the legal conditions. However, the sole Shareholder or the Shareholders may individually waive their preferential subscription right. Furthermore, the sole Shareholder or the Shareholders may cancel the preferential subscription right after report of the President and, if any, of the auditor.
