Changes to the articles of association
Amendment to the Articles of Association of Budimex SA
Amendments to the Articles of Association are made by way of resolution of the General Meeting of Shareholders and upon their entry in the National Court Register. These issues are regulated in par. 13 letter r) of the Articles of Association in the description of the rights of the General Meeting of Shareholders and in par. 17 section 1 letter l) of the Rules of Procedure of the General Meeting of Shareholders. Just as with any resolution of the General Meeting of Shareholders, prior to its adoption, its draft must be presented by the Management Board to the Supervisory Board for the latter to express its opinion. In accordance with the provisions of the Commercial Companies Code, the adoption of such a resolution requires a qualified majority, i.e. (i) as a rule — 3/4 of votes, (ii) in the case of a major change in business areas — 2/3 of votes.
