In regard to the implementation of the granting of capital in Paragraphs OFS-3.2.15 and OFS-3.2.17:

(a) The General Assembly of the securities holders must approve a separate resolution of the rights or options through a majority of disinterested securities holders;
(b) It must be implemented, exercised and/or allocated separately from the process of the related offering of securities, i.e. either before or after the offering period; and
(c) For issuers under formation, the implementation, exercising and or allocation of the required securities must take place only after the publication of the issuer's incorporation order in the Official Gazette.
January 2014