Basic HTML Version
67
4
GENERAL INFORMATION
50
CORPORATE MANAGEMENT
67
FINANCIAL INFORMATION
A&T BANK 2013 ANNUAL REPORT
The final certificates of the shares shall be handed over to the
shareholders within three months from the effective date of
capital increase.
If before the issue of the final certificates, temporary vouchers
are issued, these shall contain the same information required in
the share certificates.
The Bank may issue certificates representing more than one
share.
No shareholder may transfer or assign any of his shares to
any third party without the unanimous approval of all other
shareholders. This transfer when approved shall become
effective upon entry thereof in the share register.
ARTICLE 7- INCREASE OR DECREASE OF CAPITAL
The registered capital can be increased or decreased one or
more times. Such an increase may be accomplished through
the transfer of monies from the reserves to the capital account
and the issuance of “ bonus” shares in consequence thereof.
Every shareholder shall have the preferential (pre- emptive)
right to subscribe for a proportion of new shares corresponding
to the number of shares held by him and such right may be
exercised within a period of thirty days from the date of receipt
by each shareholder of an invitation to the shareholders to that
effect. Such invitation shall be made by registered mail to the
address contained in the share register
These preferential (pre-emptive) rights may only be assigned
by approval of the Board of Directors upon the favourable vote
of 4/5 of the members, present or represented.
New shares may not be issued at a price less than the nominal
value of the original shares issued.
Fractional shares shall be allocated by the Board of Directors.
The Bank may not finance the acquisition of its own shares
whether directly or indirectly.
ARTICLE 8 – ADMINISTRATIVE BODIES
The administrative bodies of the Bank shall consist of the
General Meeting, the Board of Directors and the Management
Committee.
If before the issue of the final certificates, temporary vouchers
are issued, these shall contain the same information required in
the share certificates.
The Bank may issue certificates representing more than one
share.
No shareholder may transfer or assign any of his shares to
any third party without the unanimous approval of all other
shareholders. This transfer when approved shall become
effective upon entry thereof in the share register.
ARTICLE 7- PRE-EMPTIVE RIGHTS IN CAPITAL
INCREASE
The share capital can be increased or decreased one or more
times. Such an increase may be accomplished through the
transfer of monies from the reserves to the capital account and
the issuance of “bonus” shares in consequence thereof.
Every shareholder shall have the preferential (pre-emptive)
right to subscribe for a proportion of new shares corresponding
to the number of shares held by him and such right may be
exercised within a period of thirty days from the date of receipt
by each shareholder of an invitation to the shareholders to that
effect. Such invitation shall be made by registered mail to the
address contained in the share register.
These preferential (pre-emptive) rights may only be assigned
by approval of the Board of Directors upon the favourable vote
of 80% of the members, present or represented.
New shares may not be issued at a price less than the nominal
value of the original shares issued.
Fractional shares shall be allocated by the Board of Directors.
The Bank may not finance the acquisition of its own shares
whether directly or indirectly.
ARTICLE 8– ADMINISTRATIVE BODIES OF THE BANK
A)The administrative bodies of the Bank shall consist of :
1)The General Assembly Meeting.
2)The Board of Directors.
3)The Management Committee.
4)The Auditor.