S.L. 386.27 Art. 11Approval by general meeting. 

(1) After taking note of the reports referred to in regulations 7 and 9, where applicable, the employees’ opinions submitted in accordance with regulation 7 (7) and comments submitted in accordance with regulation 10, the general meeting of the company shall decide, by means of an extraordinary resolution, if to approve the draft terms of the cross‐border conversion and whether to adopt the instrument of constitution, and the statutes if they are contained in a separate instrument.

(2) The approval by the general meeting referred to in sub-regulation (1) shall not be valid unless the extraordinary resolution is approved in accordance with the requirements of the Act and is adopted at least one (1) month after the publication of the statement referred to in regulation 10(2) and (5), as may be applicable.

(3) The general meeting of the company may reserve the right to make implementation of the cross-border conversion conditional on express ratification by the general meeting of the arrangements decided on with respect to employee participation in the company upon completion of the cross-border conversion.