Article 279 — Preferential Shares

1/ Special benefits derived from preferential shares may include preference over other shares such as preferred right of subscription in the event of future issues, or rights of priority over profits, or in the case of liquidation of the assets of the company priority right over repayment of contributions or distribution of a share of the surplus in the winding-up. 2/ The issue of shares with a preference as to voting rights is prohibited. 3/ The memorandum of association may provide that shareholders who have been given rights of priority over profits and distribution of capital upon dissolution of the company may vote only on matters which concern extraordinary meetings. 4/ The number of shares having restricted voting rights under Sub-Article (3) of this Article may not represent half or more of the amount of capital.