Shareholders rights and duties

1. Shareholder of the company can be legal and physical person. The shareholders rights and duties are assigning by legal regulations and these articles. Shareholder is not allowed to administer shareholder’s rights to the prejudical to the rights and authorized interest of other shareholders. The society has to treat all shareholders in the same way in equal conditions.
2.  The shareholder has the right to participate on company management's, on the profit and on a company’s liquidating balance at company’s ending. Shareholder claims his right to participate on company’s management by attending on general meeting and executing the rights connected with this participation, at the same time he is bounded by organization measures, appointed according to the law or statements for general meeting taking place. The shareholder has the right to participate on general meeting, voting on it, requesting information and explanations about company’s affairs or affairs of person controlled by the company, which relate to negotiation subject of general meeting and proposals claimed on it. For rights claiming according to the last sentence a determining date is the date assigned accordingly to § 180 part 2 Commercial code in announcement about general meeting holding.
3. The shareholder is allowed to participate on general meeting and execute his rights personally or on behalf of authorized representative based on written authorization attested by official authorized representative signature, including allocation range of authorized competence. Authorized representative of the shareholder at the general meeting can be also advisory board member. In this case the part of the authorization has to include specific voting directions about each resolution or general meeting program point, about which the member of advisory board as authorized representative has right to vote on behalf of shareholder. When the shareholder gives the authorization for voting rights connected with the same shares at one general meeting to more authorized representatives, company allows voting that representative, who has signed into the attendance sheet earlier on the general meeting. Authorization has to hand over by presentation for the evidence purpose according to article VIII, point 2. If the shareholder has its shares on more than one security papers account, according to specific rule, company is obliged to allow his agency by one authorized representative for each such security paper account according to specific rule.  When more shareholders gave written authorization to one representative. He is allowed to vote for each so substituted shareholder separately at the general meeting.
4. If this will be decided at general meeting and shareholders will be announced at the matter in announcement about general meeting taking place, the shareholders will be obliged at the shareholder’s presentation, in order to prove the fact , that they are company’s shareholders, to present  at determining date a bank statement of the owner´s booked security papers controlled by central depository or central depository member.
5. The number of shareholder's votes is determinated by its shares rating value to basic capital value ratio.
6. The shareholder has the right on company’s profit share (dividend), which was determined by general meeting for shareholder’s allocation. Shareholder is not obliged to return the dividend back to company, which was meritoriously accepted. The dividends' right can be a subject of individual shifting from the general meeting day decision about profit allocation for the shareholders. The determining day for deciding about authorized persons to claim their right to dividend is determined by general meeting, which is decides about profit share according to §178 section 5 of Commercial code. Dividend is due to maturity date, in the way and on the place determined by general meeting, which decides about profit share according §178 section 6 of Commercial code.

Company is not allowed to return the shareholders their deposits back. After company’s liquidation shareholder has the right on liquidation balance share in value determined by law. The right on liquidation balance can be a subject of individual shifting from the day to which the proposal for liquidation balance allocation was approved.

The full TATRY MOUNTAIN RESORTS, a.s. statutory text here (pdf).
We can provide you English version of the texts on demand at info@tmr.sk .