Company: NCEL
Filing Date: 2025-06-23
Form Type: F-4/A
Source: 0001213900-25-056787
Chunk: 16

Company: NewcelX Ltd.
Filing Date: 2025-06-23
Form: F-4/A
Chunk 16
---
 a registered shareholder or usufructuary with voting rights is subject to the approval of the Board of Directors. Until the decision on the approval of the entry and in the event of non-approval of the entry, the registered shareholder or usufructuary is listed in the share register without voting rights. The following applies to the approval of entry in the share register, whereby the Board of Directors has the sole discretion to grant exceptions to these approval requirements: a) Subject to the following provisions on the provision of legally required evidence, a natural person or legal entity may directly or indirectly hold a maximum of 9.99% of the share capital. Applications for registration that exceed this limit will be rejected. Persons who are linked to each other in terms of capital or voting rights through common management or in any other way, or who coordinate with each other for the purpose of circumventing this provision, are deemed to be one person. b) The board of directors may, after having heard the concerned owner of the shares, cancel entries which were based on untrue information. c) Furthermore, the Board of Directors reserves the right to enter purchasers of registered shares as shareholders with voting rights in the share register upon request only if they expressly declare (i) that they have no obligation to return these registered shares and (ii) that they bear the economic risk in relation to the registered shares to be entered. d) The Board of Directors may refuse entries in the share register that could prevent the company from providing evidence required by law. e) Persons who do not expressly declare in the application for registration that they hold the shares for their own account (hereinafter: nominees) shall only be entered in the share register with voting rights if the nominee concerned agrees in writing to disclose the names, addresses and shareholdings of the persons for whose account they hold shares. This also applies to nominees who are linked to each other in terms of capital or voting rights through common management or in any other way. The shareholders shall notify the Company of any change of their address.” “ Art. 12 — Voting Right and Proxy Each share shall be entitled to one vote, regardless of its nominal value. The shares are not divisible. The right to vote and the other member rights may only be exercised by shareholders, beneficiaries or nominees who are registered in the share register. Reserved are the legal representation and power of attorneys in accordance with the provisions of these articles of association. Those entitled to vote in the shareholders’ meeting are the shareholders, beneficiaries and nominees who are entered in the share register