Rights of shareholders
From voting rights to annual general meeting
Voting rights and proxies
- Every registered share with voting rights entitles the holder to one vote at the annual general meeting of Edisun Power Europe Ltd.
- Legal entities and legal communities connected by capital, voting rights or management, or in any other way, are regarded as a single shareholder.
- The same applies to persons/entities and legal communities acting in a coordinated manner with a view to circumventing the limitation on registration.
- The limitation on voting rights does not apply to portfolio or independent proxies within the meaning of Art. 689c of the Swiss Code of Obligations.
- Any shareholder having voting rights may arrange for his/her shares to be represented by another shareholder recorded in the register of shareholders.
- Portfolio proxies within the meaning of Art. 689d of the Swiss Code of Obligations and the independent proxy need not be shareholders.
Quorums under the Articles of Association
Votes and elections at the annual general meeting are conducted on the basis of an absolute majority of the votes represented, taking account of the limitation on voting rights, except where otherwise stipulated by law or the Articles of Association.
Convening the annual general meeting
- The annual general meeting is held no later than six months after the end of the financial year.
- Invitations are sent out at least 20 days before the date of the meeting.
- Extraordinary general meetings may be convened at any time, as necessary, and in particular when required by law.
- General meetings are convened by the Board of Directors and if necessary the auditors.
- Shareholders with voting rights representing at least 10% of the share capital may submit to the Board of Directors a written request, giving reasons, for an extraordinary general meeting to be convened.
- The Board of Directors arranges for the items to be placed on the agenda.
- Shareholders with voting rights representing at least 10% of the equity capital or shareholders who represent shares with a par value of at least CHF 1 million may request that an item be placed on the agenda. Submissions to this effect must be sent to the Chair of the Board of Directors no later than 45 days before the meeting.
Successful development steps in the major project «Fuencarral»
