Plastic Omnium - 2018 Registration Document

7 SHAREHOLDERS’ MEETING Compagnie Plastic Omnium draft bylaws at april 25, 2019 www.plasticomnium.com PLASTIC OMNIUM 2018 REGISTRATION DOCUMENT 288 ARTICLE 18 – STATUTORY ACCOUNTS Each financial year begins on January 1 and ends on December 31 of the same year. 1) The profits or loss from the financial year derive from the difference between the income and expenses of the year, after deduction of amortization and 2) provisions, as calculated in the income statement. The profits or loss for the financial year are reduced, where applicable, by prior losses, and after first deducting at least five per cent to form a reserve 3) fund called the "legal reserve". This deduction is no longer mandatory once the legal reserve reaches one-tenth of the share capital. If there is balance remaining, the Shareholders' Meeting decides either to distribute it, carry it forward, or add it to one or more reserve items to which 4) it governs the purpose and use. After acknowledging the existence of available reserves, the Shareholders' Meeting may decide to distribute amounts drawn from these reserves. In 5) this case, the decision expressly indicates the reserve items from which the withdrawals are to be made. The Shareholders’ Meeting is able to grant to shareholders, for all or part of the dividend or interim dividends distributed, an option between payment 6) of the dividend or interim dividend in cash or in shares. ARTICLE 19 – DISSOLUTION Upon dissolution of the Company decided by the Extraordinary Shareholders' Meeting, one or more liquidators shall be appointed by the Shareholders' 1) Meeting under the quorum and majority conditions provided for the Ordinary Shareholders' Meetings. These appointments terminate the terms of office of the Directors and the Statutory Auditors. The liquidator represents the Company. The liquidator shall be invested with the widest powers in order to sell the assets, even by private agreement. 2) The liquidator is responsible for paying creditors and distributing the available balance. Net assets remaining after reimbursement of shares at their par value shall be distributed among shareholders in proportion to their stake in the share 3) capital. ARTICLE 20 - DISPUTES Any disputes that arise during the existence of the Company or during its liquidation, either between the Company and the Shareholders, or between the Shareholders themselves relating to the Company's business shall be under the jurisdiction of the competent courts.