PEIXIN: Scope of compliance of the Code of Best Practice for WSE Listed Companies

2013-10-14 11:54

publikacja
2013-10-14 11:54

Pursuant to § 29 Section 3 of the Warsaw Stock Exchange (WSE) Rules, the Management Board of Peixin International Group N.V. (the \"Company\") hereby informs on the Company's scope of compliance with the Code of Best Practice for WSE Listed Companies (the “WSE Code of Best Practice\"). Company declares that it intends to comply with the WSE Code of Best Practice fully, nevertheless certain rules of the WSE Code of Best Practice can be applied by the Company only to the extent envisaged by the Dutch law and subject to its corporate structure, as well as to the reasonable extent inducing costs of implementation of WSE Code of Best Practice adequate to expected potential benefits. The Management Board of the Company informs that the Company does not comply with the following best practices of the WSE Code of Best Practice: Principle No. IV.10 of the WSE Code of Best Practice which states: “A company should enable its shareholders to participate in a General Meeting using electronic communication means through: 1) real - life broadcast of General Meetings; 2) real - time bilateral communication where shareholders may take the floor during a General Meeting from a location other than the General Meeting.\" The reasons of non-compliance with this rule by the Company are efficiency and costs. In accordance with the Company's evaluation application of above rule involves additional costs, which are inadequate to potential benefits. However, the Company will consider implementing this principle in the future. Principle No. II.8 of the WSE Code of Best Practice which states: “If a company's Management Board is informed that a General Meeting has been summoned pursuant to Article 399 § 2-4 of the Code of Commercial Partnerships and Companies, the company's Management Board shall immediately perform the actions it is required to take in connection with organizing and conducting a General Meeting. This rule shall also apply if a General Meeting is summoned on the basis of authorization given by the registration court pursuant to Article 400 § 3 of the Code of Commercial Partnerships and Companies.\" The reasons of non-compliance with this rule by the Company is the fact, that Peixin International Group N.V. is a public limited liability company incorporated and existing under the laws of the Netherlands, with its incorporated seat in Amsterdam, therefore applicable law in regard to General Meetings of Shareholders should be Dutch law. Legal basis: § 29 Section 3 of the WSE Rules

Osoby reprezentujące spółkę:

Hongyan Dai-Member of Management Board
Kaida Xie-Member of Management Board

Źródło:Komunikaty spółek (EBI)

PEIXIN: Scope of compliance of the Code of Best Practice for WSE Listed Companies

Komentarze (0)

Polecane

Najnowsze

Popularne

Ważne linki