The Ordinary Shareholders Meeting of 18 April 2019 resolved to enhanced voting be introduced in accordance with Article 127-quinquies of the Consolidated Finance Law and, therefore, that the Bylaws be amended.
Pursuant to Article 7 of the Company Bylaws, each Share confers the right to a double vote (two votes per Share) provided that both of the following conditions are met: (a) the Share has been held by the same person, on the basis of a Underlying Real Right entitling the holder to exercise the associated voting right for a continuous period of at least twenty-four months; (b) the fact of (a) having been met is certified by continuous registration for a period of at least twenty-four months in the Special Roll and by a specific Communication, issued by the Broker on whose accounts the Shares were deposited under applicable law, certifying the ownership of those Shares on the date on which the continuous period elapsed.
Pursuant to Article 7 of the Company Bylaws, each Share confers the right to a double vote (two votes per Share) provided that both of the following conditions are met: (a) the Share has been held by the same person, on the basis of a Underlying Real Right entitling the holder to exercise the associated voting right for a continuous period of at least twenty-four months; (b) the fact of (a) having been met is certified by continuous registration for a period of at least twenty-four months in the Special Roll and by a specific Communication, issued by the Broker on whose accounts the Shares were deposited under applicable law, certifying the ownership of those Shares on the date on which the continuous period elapsed.