PUBLIC LIMITED COMPANY WITH A SOLE SHAREHOLDER (ohada)

Where a public limited company with a sole shareholder exists, the decisions to be taken at a meeting be they decisions falling within the jurisdiction of the extraordinary general meeting or those falling within the jurisdiction of the ordinary general meeting, shall be taken by that shareholder.

The single shareholder shall within a period of six months following the close of the fiscal year take all the decisions falling within the jurisdiction of the annual ordinary general meeting.

The decisions shall be taken upon the reports of the managing director and of the auditor who attend general meetings.

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