Source: http://www.medion.com/en/investor/general_meeting/_agm2011/shareholder_rights.php
Timestamp: 2018-07-21 02:01:57
Document Index: 168254261

Matched Legal Cases: ['§ 122', '§ 142', '§ 126', '§ 125', '§ 125', '§ 125', '§ 125', '§ 127', '§ 126', '§ 124', '§ 125', '§ 266', '§ 276', '§ 288', '§ 290', '§ 264', '§ 290', '§ 310', '§ 311']

§ 122 Convening a meeting at the request of a minority (excerpts)
(1) A shareholders' meeting shall be called if shareholders jointly representing at least one-twentieth of the capital stock request such meeting in writing, stating the purpose and the reasons of such meeting; such request shall be addressed to the managing board. The articles may provide that the right to request a shareholders' meeting shall require another form and the holding of a lower portion of the capital stock. § 142 (2), sentence 2, shall apply mutatis mutandis.
§ 126 Motions by shareholders
(1) Motions by shareholders, including shareholders' names, supporting information and, if any, management's discussion shall be made available to the eligible persons referred to in § 125 (1) through (3) under the conditions specified therein, provided that the shareholder submitted at least 14 days prior to the meeting a counterproposal to a proposal of the managing board and the supervisory board regarding a specific item on the agenda, together with supporting information, to the address designated for this purpose in the shareholders' meeting notice. The day of receipt shall not be counted. In the case of stock exchange listed companies, the required availability shall be shall be provided over the Internet website of the company. § 125 (3) shall apply mutatis mutandis.
2. the counterproposal would result in a resolution of the shareholders' meeting that would be illegal or would violate the articles;
4. a counterproposal of such shareholder based on the same facts has already been made available with respect to a shareholders' meeting of the company pursuant to § 125;
5. the same counterproposal of such shareholder based on essentially identical supporting information has already been made available pursuant to § 125 to at least two shareholders' meetings less than one-twentieth of the capital stock represented has voted in favor of such counterproposal;
6. the shareholder indicates that he/she will neither attend nor be represented at the shareholders' meeting; or
7. within the past two years at two shareholders' meetings the shareholder has failed to make or cause to be made on his/her behalf a counterproposal communicated by him/her. The supporting information need not be made accessible if it exceeds a total of 5,000 characters.
§ 127 Election nominations by shareholders
(3) § 126 shall apply mutatis mutandis to a nomination by a shareholder for the election of a member of the supervisory board or external auditors. Such nomination need not be supported by a statement of the reasons therefore. The managing board need not make such nomination available even if it fails to contain information pursuant to § 124 (3), 3rd sentence, and § 125 (1), 5th sentence.
(1) Each shareholder shall upon request be provided with information at the shareholders' meeting by the managing board regarding the company's affairs, to the extent that such information is necessary to permit a proper evaluation of the relevant item on the agenda. The duty to provide information shall also extend to the company's legal and business relations with any affiliated enterprise. If a company makes use of the simplified procedure pursuant to § 266 (1), 3rd sentence, § 276 or § 288 of the German Commercial Code, each shareholder may request that the annual financial statements be presented to him at the shareholders' meeting on such annual financial statements in the form that would have been used if such provisions on the simplified procedure were not applied. The duty of the managing board of a parent company to provide information (§ 290 (1) and (2) of the German Commercial Code) at the shareholders' meeting at which the consolidated financial statements and management's discussion and analysis of these statements are presented also extend to the consolidated group's position and the affiliated enterprises included in the consolidated financial statements.
3. with regard to the difference between the value at which items are shown in the annual balance sheet and the higher market value of such items, unless the shareholders' meeting is to approve the annual financial statements;
4. with regard to the methods of classification and valuation, if disclosure of such methods in the notes suffices to provide a clear view of the actual condition of the company's assets, financial position and profitability within the meaning of § 264 (2) of the German Commercial Code; the foregoing 4 of 4 shall not apply if the shareholders' meeting is to approve the annual financial statements;
7. if the information is continuously available on the Internet website of the company for at least seven days prior to the beginning and during the shareholders' meeting. The provision of information may not be refused for other reasons.
(4) If information has been provided to a shareholder by reason of his/her status as a shareholder outside a shareholders' meeting, such information shall upon request be provided to any other shareholder at the shareholders' meeting, even if such information is not necessary to permit a proper evaluation of an item on the agenda. The managing board may not refuse to provide such information on the grounds of subsection (3), 1st sentence, no. 1 through 4. Sentences 1 and 2 shall not apply if a subsidiary (§ 290 (1) and (2) of the German Commercial Code), a joint venture (§ 310 (1) of the German Commercial Code) or an associated company (§ 311 (1) of the German Commercial Code) for purposes of the inclusion of the company into the consolidated financial statements of the parent company and such information is needed for such purposes.