ADT 2010 Annual Report Download - page 26

PROPOSAL NUMBER SIX—RENEWAL OF AUTHORIZED SHARE CAPITAL
The Company is seeking shareholder approval to amend Article 4 paragraph 1 of its Articles of
Association to extend the timeline for the authorized share capital by two years. Pursuant to Swiss law,
an authorization by shareholders to allow the Board to issue additional shares expires after two years
and is limited to a maximum of 50% of the issued share capital. Shareholders first authorized the
Board to issue additional share capital at the Company’s annual general meeting in March 2009. A
renewal of the two year authorization requires a shareholder vote and a corresponding amendment to
the Articles of Association. In order to provide the Board with the flexibility permitted by Swiss law,
the Board proposes to renew its authorization to issue additional share capital to March 9, 2013 and to
amend the Articles of Association as follows:
current version (assumes the previously authorized
dividend payment in the form of a capital reduction
has been fully implemented) proposed version
Article 4: Authorized Share Capital Article 4: Authorized Share Capital
(1) The Board of Directors is authorized to (1) The Board of Directors is authorized to
increase the share capital, in one or several increase the share capital, in one or several
steps until 12 March 2011, by a maximum steps until 9 March 2013, by a maximum
amount of CHF 1’370’093’050.00 by issuing amount of CHF 1’628’000’000.00 by issuing
a maximum of 204’491’500 fully paid up a maximum of 243,000,000 fully paid up
Shares with a par value of CHF 6.70 each. Shares with a par value of CHF 6.70 each.
An increase of the share capital (i) by An increase of the share capital (i) by
means of an offering underwritten by a means of an offering underwritten by a
financial institution, a syndicate of financial financial institution, a syndicate of financial
institutions or an-other third party or third institutions or another third party or third
parties, followed by an offer to the parties, followed by an offer to the
then-existing shareholders of the Company, then-existing shareholders of the Company,
and (ii) in partial amounts shall be and (ii) in partial amounts shall be
permissible. permissible.
German (authoritive) version
Artikel 4: Genehmigtes Aktienkapital Artikel 4: Genehmigtes Aktienkapital
1) Der Verwaltungsrat ist erm¨ achtigt das 1) Der Verwaltungsrat ist erm¨ achtigt das
Aktienkapital in einem oder mehreren Aktienkapital in einem oder mehreren
Schritten bis zum 12. M¨ arz 2011 im Schritten bis zum 9. M¨ arz 2013 im
Maximalbetrag von CHF 1’370’093’050.00 Maximalbetrag von CHF 1’628’000’000.00
durch Ausgabe von h¨ ochstens 204’491’500 durch Ausgabe von h¨ ochstens 243’000’000
vollst¨ andig zu liberierenden Namenaktien vollst¨ andig zu liberierenden Namenaktien
mit einem Nennwert von CHF 6.70 je Aktie mit einem Nennwert von CHF 6.70 je Aktie
zu erh¨ ohen. Eine Kapitalerh¨ ohung ist zu erh¨ ohen. Eine Kapitalerh¨ ohung ist
zul¨ assig (i) durch Fest¨ ubernahme durch ein zul¨ assig (i) durch Fest¨ ubernahme durch ein
Finanzinstitut, eine Gruppe von Finanzinstitut, eine Gruppe von
Finanzinstituten oder andere Drittparteien Finanzinstituten oder andere Drittparteien
gefolgt von einem Angebot an die zu diesem gefolgt von einem Angebot an die zu diesem
Zeitpunkt existierenden Aktion¨ are sowie Zeitpunkt existierenden Aktion¨ are sowie
(ii) in Teilbetr¨ agen. (ii) in Teilbetr¨ agen.
The Board unanimously recommends that shareholders vote FOR the approval to renew the
authorized share capital through March 9, 2013 and to amend the Articles of Association accordingly.
18 2011 Proxy Statement