The Shareholders’ Meeting on May 7, 2020 2019 approved the amendment of Article 9 of the Articles of Association, introducing - pursuant to Art. 127-quinquies, of the Consolidated Financial Act - the increased voting right mechanism.
The amendment aims to foster the long-term stability of the shareholder base and to increase the flexibility of the capital structure by mitigating possible dilutive effects, as better explained in the Explanatory Report to the Shareholders’ Meeting (www.falckrenewables.eu, Ethic and Governance Section – Shareholders’ Meeting 7 May 2020)
The Articles of Association of the Company provide the allotment of two votes for each share belonging to the shareholder requesting to be registered in the Special List — maintained and updated by the Company — provided that the said share is held for a period of no less than 24 subsequent months starting from the date of its registration in such Special List.
The interested Shareholders may present, through their intermediary, the request for registration in the relevant Special List using the application form here attached. Please kindly note that the application for registration cannot be sent directly by the Shareholder, but must be presented by the financial intermediary in which Falck Renewables shares are deposited.
All the details relevant to the procedure for the registration, maintenance and updating of the Special List, complying with the applicable laws, the Articles of Association and the market practices, are described in the Increased Voting Right Regulations hereby attached, approved by the Falck Renewables’ Board of Directors on May 7, 2020.