The general meeting resolve to create contingent capital by granting shareholders, creditors of bonds or similar debt instruments, employees, members of the board of directors of the company or another company in the group or third parties the right to subscribe for new shares (conversion and option rights).
The share capital automatically increases whenever and to the extent that such conversion or option rights are exercised and the contribution obligations are discharged by payment or offsetting.
The provisions on increasing the share capital from contingent capital also applymutatis mutandis in the event that conversion and acquisition requirements are imposed.
The foregoing paragraphs are subject to the regulations of the Banking Act of 8 November 19341on reserve capital.