Free allocation rights. Each share in the Company in circulation shall carry a free allocation right. If the number of free allocation rights required to allocate one New Share (DAG) multiplied by the number of New Shares to be issued (NAN) is smaller than the number of shares of the Company in circulation on the date of the Capital Increase (NACirc), the Company (or a member of its group which hold shares in the Company) shall waive a number of rights to free allocation equal to the difference between both figures, for the exclusive purpose of the number of New Shares being a whole number and not a fraction.
Appears in 2 contracts
Sources: Shareholder Agreements, Proposed Agreement for Financial Statements Approval