How are proposals resolved at the Annual General Meeting?
Proposals are adopted with the votes cast in favour by the majority with voting rights attending and represented at the Annual General Meeting, unless the Law and in the Articles of Association stipulate otherwise. The maximum number of votes that a single shareholder or companies belonging to the same group can cast will be 10% of total share capital with voting rights. For these purposes, companies belonging to the same group are defined as those controlled by another company according to the definition set forth in Article 4 of the current Stock Exchange Law of 28 July 1988. This voting limitation does not prevent total shares attending the meeting from being counted in order to assess attendance quorum. Individualised voting will not be necessary when the outcome of the vote can be clearly ascertained by acclaim or raised hands if this contributes to the smooth running of the AGM. This does not preclude negative votes cast by shareholders from being recorded in the minutes in the e
