Capital reduction. 13.1 The General Meeting may only at the proposal of the Board resolve to reduce the Company’s issued capital by (i) reducing the nominal value of Shares through amendment of the Articles of Association, (ii) cancelling Shares held by the Company itself or (iii) cancelling all Special Voting Shares without repayment of their nominal value. Upon the cancellation of all Special Voting Shares, the aggregate nominal value of the Special Voting Shares will be added to the Special Capital Reserve.
13.2 A resolution of the General Meeting to reduce the Company’s issued capital by cancelling all Special Voting Shares, shall require a prior or simultaneous approval by the Class Meeting Special Voting Shares.
13.3 A resolution of the General Meeting to reduce the Company’s issued capital, shall require a majority of at least two-thirds (2/3) of the votes cast if less than half of the issued capital of the Company is represented at the General Meeting.
13.4 If the resolution of the General Meeting to reduce the Company’s issued capital by reducing the nominal value of Shares through amendment of these Articles of Association, as referred to above, is detrimental to the rights of holders of a specific class of Shares, the validity of such resolution of the General Meeting requires a prior or simultaneous approval by the group of holders of such class of Shares.
Capital reduction. 10.1 The General Meeting may only at the proposal of the Board resolve to reduce the Company’s issued capital by (i) reducing the nominal value of Shares through amendment of the articles of association or (ii) cancelling Shares held by the Company itself.
10.2 A resolution of the General Meeting to reduce the Company’s issued capital, shall require a majority of at least two-thirds of the votes cast if less than half of the issued capital of the Company is represented at the General Meeting.
Capital reduction. ARTICLE 7 7. 1. The general meeting of shareholders may pass a resolution for the reduction of the issued capital by withdrawing shares or by reducing the amount of the shares in an amendment of the articles of association. The shares to which the resolution relates shall be designated in the resolution and the implementation of the resolution shall have been arranged. The paid and claimed part of the capital may not become smaller than the minimum capital prescribed by law at the time of the resolution.