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Corporate Governance Report
I.6. Number of shares that equals a vote
Each share of the Company equals one vote,
under 21st nº 1 of the Association Articles.
I.7. The existence of statutory rules which
provides the existence of shares that do not
confer voting rights or stating that no voting
rights are counted over a certain number
when issued by a single shareholder or
shareholders related to it
In the article 20º nº 2 of the Company’s
Association Articles is stated that the
shareholders of preference shareswithout voting
rights and bondholders may not participate in
general meetings, being represented by the
same common representative.
1.8. The existence of statutory rules on the
exercise of voting rights, including constitutive
or deliberating quorums or systems for equity
rights
According to article 23rd of the Association
Articles, for the General Meeting to be able
to meet and deliberate upon first summons
it is indispensable that shareholders holding
shares comprising more than fifty percent of
the share capital be present or represented.
Under 21st n.1 and 2 of the Association
Articles, each share equals a vote and the
deliberations in the General Meeting will be
taken by a simple majority, except if the law
demands differently.
I.9. Existence of statutory rules on the exercise
of voting rights via postal voting
Statutory rules exist about exercising the postal
voting right in art. 22nd nºs 3 to 11, postal voting
limits are inexistent. The Company provides a
postal vote bulletin, indicating the necessary
procedures for exercising this voting right,
under the model provided in www.ibersolpt
I.10. Availability of amodel format for exercising
the voting right by postal means
The company provides a format for exercising
the postal voting right. This form is posted on
the company’s website, www.ibersol.pt
I.11. A deadline requirement for the receipt
of the postal bulletins and the date on which
the General Meeting is held
Postal votes can be received up to three days
before the General Assembly is held in terms of
the 22nd nº 4 of the Association Articles.
I.12. The exercise of voting rights by electronic
means
The exercise of voting rights by electronic
means is still not available. Note that up till now
the Company has not received any solicitation