Chrysler 2003 Annual Report Download - page 208

207
Other Items on the Agenda
and Related Reports and Motions
When the dividend paid to savings shares in any year amounts
to less than 0.31 euros, the difference shall be added to the
preferred dividend to which they are entitled in the following
two years.
In case of modification of the par value of shares, the
abovementioned amounts will be on a pro-rata basis.
Art. 22 –Interim Dividends
During the financial year, if the Board of Directors deems it
advisable in relation to the operating results, it may authorize
the payment of interim dividends for the financial year in
question.
Art. 23 –Payment and Statute of Limitation of Dividends
Dividends shall be payable at the Company’s Registered Office
and at banking institutions designated by the Company.
Dividends not collected within five years from the day they
became payable shall be forfeited to the benefit of the
Company.
Art. 24 –Stockholders’ Domicile
The stockholders’ domicile, for all matters concerning his
or her relationship with the Company, is that recorded in
the book of stockholders.
Art. 25 –Liquidation of the Company
The Company shall be put into liquidation in the cases provided
for and in accordance with the terms of the law.
The Stockholders’ Meeting shall appoint one or more
liquidators and determine their powers.
In the event of liquidation, the residual assets of the Company
shall be paid to stockholders in the following order:
❚to savings shares, up to their par value;
❚to preference shares, up to their par value;
❚to ordinary shares; up to their par value;
❚the balance, if any, to shares of all three classes in equal
proportions.
UNCHANGED
UNCHANGED
During the course of the year, if the results of the Company’s
operations justify it and the law allows it, the Board of Directors
may authorize the payment of interim dividends.
DELETED
UNCHANGED
Art. 21 –Stockholders’ Right to Have Their Shares
Redeemed
The right of stockholders to have their shares redeemed is
governed by the applicable statute, it being understood that
this right is not available to stockholders who, either because
absent or dissenting, did not vote in support of resolutions
extending duration or introducing or removing restrictions
on the circulation of shares.
The terms and procedures for the exercise of this right, the
criteria used to determine share values and the share
redemption process are governed by the applicable statute.
Art. 22 –Stockholders’ Domicile
UNCHANGED
Art. 23 –Liquidation of the Company
UNCHANGED
UNCHANGED
In the event of liquidation, the Company’s assets shall be
distributed in the following order:
❚to the savings shares up to their par value;
❚to the preference shares up to their par value;
❚to the ordinary shares up to their par value;
❚the balance, if any, to shares of all three classes in equal
proportions.