Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 529

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 529
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 shareholders in addition to any ordinary shareholders’ meeting. Under Swiss law and article 9 of the articles of association, an ordinary shareholders’ meeting must be held annually within six months after the end of NLS’s financial year (i.e., on or before the 30 thday of June). The following (non -exhaustive) powers are vested exclusively in the shareholders’ meeting: •adopting and amending our articles of association; •electing the members of the NLS Board, the chairman of the NLS Board, the members of the compensation, nomination and governance committee, the auditors and the independent proxy holder (a person annually elected by the shareholders’ meeting and who may represent our shareholders at a shareholders’ meeting as a proxy solicitor); •approving the annual report, the annual statutory financial statements and the consolidated financial statements, and deciding on the allocation of profits as shown on the balance sheet, in particular with regard to dividends and bonus payments to members of the NLS Board; •approving the compensation of members of the NLS Board and executive management, which under Swiss law is not necessarily limited to the executive officers; •discharging the members of the NLS Board and executive management from liability with respect to their tenure in the previous financial year; •dissolving NLS with or without liquidation; and •deciding matters reserved to the shareholders’ meeting by law or our articles of association or that are presented to it by the NLS Board. An extraordinary shareholders’ meeting may be called by a resolution of the NLS Board or, under certain circumstances, by our auditor, liquidator or bondholder (or the representatives of convertible bondholders), if any. In addition, in accordance with Swiss law, the NLS Board is required to convene an extraordinary shareholders’ meeting of shareholders representing at least 5 percent of our share capital or votes request such shareholders’ meeting in 305 writing. Such request must set forth the items to be discussed and the proposals to be acted upon. According to Swiss law, if the most recent annual accounts indicate that the assets less the liabilities no longer cover half of the sum of the (i) share capital; (ii) statutory capital reserve not to be repaid to the shareholders; and (iii) statutory retained earnings, the NLS Board shall take measures to rectify the loss of capital. It shall take, where necessary, further measures to restructure the company or shall convene an extraordinary shareholders’ meeting to request the approval of such measures if they fall