This site no longer hosts any data. The file you are looking for is probably available on the official Legilux website by clicking on this link.
Ce site n'héberge plus aucune donnée. Le fichier que vous cherchez est probablement accessible sur le site officiel Legilux en cliquant sur ce lien.
Diese Seite nicht mehr Gastgeber keine Daten. Die Datei, die Sie suchen ist wahrscheinlich auf der offiziellen Legilux Website, indem Sie auf diesen link verfügbar.
L
U X E M B O U R G
MEMORIAL
Journal Officiel
du Grand-Duché de
Luxembourg
MEMORIAL
Amtsblatt
des Großherzogtums
Luxemburg
R E C U E I L D E S S O C I E T E S E T A S S O C I A T I O N S
Le présent recueil contient les publications prévues par la loi modifiée du 10 août 1915 concernant les sociétés commerciales
et par la loi modifiée du 21 avril 1928 sur les associations et les fondations sans but lucratif.
C — N° 1357
1
er
juin 2012
SOMMAIRE
Allianz Global Investors Fund II . . . . . . . . .
65117
ALVA Luxembourg S.A. . . . . . . . . . . . . . . . .
65115
ALVA Luxembourg S.A. . . . . . . . . . . . . . . . .
65116
August Lux Holding Company . . . . . . . . . .
65103
Banorabe S.A., S.P.F. . . . . . . . . . . . . . . . . . . .
65090
Bio-Products and Bio-Engineering S.A.,
SPF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
65120
Blue Lux S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .
65098
BSI-Multinvest SICAV . . . . . . . . . . . . . . . . . .
65114
CAIVS S.C.A. SICAR . . . . . . . . . . . . . . . . . . .
65133
Castle Holding S.A. . . . . . . . . . . . . . . . . . . . . .
65097
Cielo S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
65100
Commerzbank International Portfolio Ma-
nagement . . . . . . . . . . . . . . . . . . . . . . . . . . . .
65118
Crédit Agricole Israël Venture Sélection 1
S.C.A. SICAR . . . . . . . . . . . . . . . . . . . . . . . . .
65133
Desalline S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .
65102
Donerston Trading S.A. . . . . . . . . . . . . . . . .
65102
Dresdner Euro Money Management . . . . .
65119
D-VB Finapa S.A., SPF . . . . . . . . . . . . . . . . . .
65099
E.M.E.A. Management Services S.A. . . . . .
65133
E.S.A.R. Group S.A., SPF . . . . . . . . . . . . . . .
65120
European CleanTech I SE . . . . . . . . . . . . . . .
65090
Evermore S.A. . . . . . . . . . . . . . . . . . . . . . . . . .
65101
Financière Asturias S.A. . . . . . . . . . . . . . . . .
65098
Fortinvest Investments Holding S.A. SPF
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
65099
Geninvest Group S.A. . . . . . . . . . . . . . . . . . .
65100
Gestielle Investment Sicav . . . . . . . . . . . . . .
65101
Global Investors . . . . . . . . . . . . . . . . . . . . . . . .
65096
Gofinco S.A. - SPF . . . . . . . . . . . . . . . . . . . . . .
65133
Greensoft S.A. . . . . . . . . . . . . . . . . . . . . . . . . .
65098
Hydre Éditions S.à r.l. . . . . . . . . . . . . . . . . . .
65134
IFICOM Financial Company S.A. . . . . . . . .
65101
Locafer S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .
65103
Maraton International S.A. . . . . . . . . . . . . . .
65118
Mirambeau S.A. . . . . . . . . . . . . . . . . . . . . . . . .
65103
Molitor Luxembourg S.A. . . . . . . . . . . . . . . .
65136
Nikko AM Global Umbrella Fund . . . . . . . .
65120
NSV Investments S.A. . . . . . . . . . . . . . . . . . .
65100
POLUNIN Emerging Markets Strategy
Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
65094
Procédés et Brevets Industriels S.A. . . . . .
65117
Sanguine Investments S.A. . . . . . . . . . . . . . .
65116
Soclair Commerciale S.A. . . . . . . . . . . . . . . .
65097
Soclair Equipements S.A. . . . . . . . . . . . . . . .
65095
Sofindex . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
65114
Stratège S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .
65116
Tideway UCITS Funds . . . . . . . . . . . . . . . . . .
65096
Transair S.A. - SPF . . . . . . . . . . . . . . . . . . . . .
65117
Tschingel S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .
65099
Vahina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
65114
Westray Business S.A. . . . . . . . . . . . . . . . . . .
65102
65089
L
U X E M B O U R G
Banorabe S.A., S.P.F., Société Anonyme - Société de Gestion de Patrimoine Familial.
Siège social: L-2320 Luxembourg, 67, boulevard de la Pétrusse.
R.C.S. Luxembourg B 16.761.
Mesdames, Messieurs les actionnaires sont convoqués par le présent avis à:
l'ASSEMBLEE GENERALE ORDINAIRE
qui aura lieu le <i>lundi 11 juin 2012i> , à 11.00 heures à Luxembourg, au siège social 67, boulevard de la Pétrusse, L-2320
Luxembourg
<i>Ordre du jour:i>
1. Lecture du rapport sur l'exercice clos le 31 décembre 2011,
2. Lecture des comptes arrêtés au 31 décembre 2011,
3. Lecture du rapport du commissaire aux comptes sur les comptes précités,
4. Approbation des comptes,
5. Affectation des résultats et distribution de dividendes,
6. Quitus aux administrateurs et au commissaire aux comptes,
7. Nominations Statutaires
8. Election du commissaire aux comptes pour trois ans
9. Questions diverses.
<i>s. Le Conseil d'Administration.i>
Référence de publication: 2012050110/2371/21.
European CleanTech I SE, Société Européenne.
Siège social: L-2163 Luxembourg, 40, avenue Monterey.
R.C.S. Luxembourg B 155.076.
Notice is hereby given to the holders of shares of European CleanTech I SE (the “Company”) that two general meetings
of shareholders of the Company are hereby convened.
The first general meeting of shareholders, the
ANNUAL GENERAL MEETING
of shareholders, will be held on <i>June 15, 2012i> at 11:00 Central European Summer Time (“CEST”). The meeting will
be held at Hotel Le Royal, 12, boulevard Royal, L-2449 Luxembourg.
At the annual general meeting, the shareholders shall deliberate and vote on the following agenda:
<i>Agenda:i>
1. Presentation of the management report issued by the management board and the report of the independent auditor
to the general meeting of shareholders for the financial year ended December 31, 2011;
2. Approval of the financial statements of the Company for the financial year ended December 31, 2011;
3. Allocation of the result;
4. Discharge of the members of the management board and the supervisory board; and
5. Appointment of the independent auditor of the Company for the financial year ending December 31, 2012.
The second general meeting of shareholders, the
EXTRAORDINARY GENERAL MEETING
of shareholders, will be held on <i>June 15, 2012i> at 11:30 CEST. The meeting will be held at Hotel Le Royal, 12, boulevard
Royal, L-2449 Luxembourg.
At the extraordinary general meeting, the shareholders shall deliberate and vote on the following agenda:
<i>Agenda:i>
1. Presentation and approval of the proposed initial business combination with Electrawinds NV conditional upon the
approval of (i) either item 6 or item 7; and (ii) item 8 of the agenda of this extraordinary general meeting of
shareholders;
2. Change of the name of the Company into “Electrawinds SE” and related amendment of Article 1 of the articles of
association of the Company, with effect as of the Consummation (as defined below) and conditional upon approval
of item 1 of the agenda of this extraordinary general meeting of shareholders;
3. Amendment and full restatement of the articles of association of the Company in the form made available on the
website of the Company since May 2, 2012, with effect as of the Consummation and conditional upon approval of
item 1 of the agenda of this extraordinary general meeting of shareholders;
65090
L
U X E M B O U R G
4. Acknowledgement of the supplementary special report of the management board, increase of the authorized capital
and renewal of the authorization period, with effect as of the Consummation and conditional upon approval of item
1 and item 3 of the agenda of this extraordinary general meeting of shareholders: During the period of five (5) years
from the publication of the resolutions of this extraordinary general meeting of shareholders, the board of directors
is authorized to issue class A shares, to grant options to subscribe for class A shares and to issue any other
instruments convertible into class A shares within the limit of the authorized capital, to such persons and on such
terms as the board of directors shall see fit, and specifically also to proceed to such issue without reserving for the
existing shareholders a preferential right to subscribe to the class A shares issued;
5. Acknowledgment of the resignations of the supervisory board members and the management board members, and
discharge of the supervisory board members and the management board members, all with effect as of the Con-
summation and conditional upon the approval of item 1 of the agenda of this extraordinary general meeting of
shareholders;
6. Appointment of directors of the Company conditional upon and with effect as of the time at which the management
board and supervisory board of the Company are replaced by the general meeting of shareholders with a board of
directors of the Company in accordance with section IV, § 4, sub-§ 1 of the Luxembourg law on commercial
companies of August 10, 1915, as amended;
7. Appointment of new supervisory board members (i) with effect as of the Consummation, (ii) conditional upon the
approval of item 1 of the agenda of this extraordinary general meeting of shareholders, and (iii) subject to item 3
of the agenda of this extraordinary general meeting of shareholders not being approved or voted by the general
meeting of shareholders; and
8. Granting of an irrevocable power of attorney to the management board to confirm compliance with conditions for
the conversion of all 958,333 class B1 shares into a corresponding amount of class A shares, to acknowledge
occurrence of the consummation of the initial business combination with Electrawinds NV and to make any state-
ment, sign all documents, represent the shareholders in front of a Luxembourg notary and to do everything which
is lawful, necessary or simply useful in view of the accomplishment and fulfillment of the resolutions approved by
the extraordinary general meeting of shareholders, with effect as of the Consummation and subject to the approval
of item 1 of the agenda of this extraordinary general meeting of shareholders.
“Consummation” shall mean immediately after the meeting of the management board on the date on which the Com-
pany becomes shareholder of Electrawinds NV acknowledging, inter alia, the consummation of the initial business
combination with Electrawinds NV.
<i>Quorum and majoritiesi>
<i>Annual general meeting of shareholders
i>The annual general meeting of shareholders will deliberate validly regardless of the number of shares present or
represented. Decisions related to all items on the agenda of the annual general meeting of shareholders will be passed
by a simple majority of the votes validly cast at the annual general meeting of shareholders.
<i>Extraordinary general meeting of shareholders
i>Regarding the extraordinary general meeting of shareholders, the following rules apply pursuant to the articles of
association and the law:
(i) The extraordinary general meeting of shareholders will deliberate validly upon item 1 of the agenda of the extra-
ordinary general meeting of shareholders only if a quorum of at least twenty-five percent (25%) of the class A shares is
present or represented. Decisions relating to item 1 of the agenda of the extraordinary general meeting of shareholders
will be passed by a simple majority of the votes of the class A shares validly cast.
(ii) The extraordinary general meeting of shareholders will deliberate validly upon items 2, 3 and 4 of the agenda of
the extraordinary general meeting of shareholders only if a quorum of at least fifty percent (50%) of the share capital is
present or represented for each class of shares individually. Decisions relating to items 2, 3 and 4 of the agenda of the
extraordinary general meeting of shareholders will be passed by a majority of two thirds (2/3) of the votes validly cast
for each class of shares individually.
(iii) The extraordinary general meeting of shareholders will deliberate validly upon items 5, 6, 7 and 8 of the agenda
of the extraordinary general meeting of shareholders regardless of the number of shares present or represented. Deci-
sions related to items 5, 6, 7 and 8 of the agenda of the extraordinary general meeting of shareholders will be passed by
a simple majority of the votes validly cast.
Item 7 of the agenda of the extraordinary general meeting of shareholders will only be presented for vote if item 3 of
the agenda of the extraordinary general meeting of shareholders is not approved or voted (including, for the avoidance
of doubt, due to a lack of quorum).
Items 1 (to the extent the relevant quorum is reached), 5, 6, 7 and 8 of the agenda of this extraordinary general meeting
of shareholders will be presented for deliberation and vote also if the quorum of at least fifty percent (50%) of the share
capital present or represented for each class of shares individually required for items 2, 3 and 4 of the agenda of the
extraordinary general meeting of shareholders is not reached at the time they are presented for deliberation of the
extraordinary general meeting of shareholders.
65091
L
U X E M B O U R G
<i>Right to amend the content of the agendai>
Pursuant to the Company's articles of association and the Luxembourg law of May 24, 2011 on certain rights of
shareholders in listed companies (the “Luxembourg Shareholders' Rights Law”), which implemented the European Union
Directive on Shareholders' Rights (2007/36/EC) (the “Shareholders' Rights Directive”) and involved certain changes to
the procedures for calling and conducting general shareholders' meetings, one or several shareholders representing at
least five percent (5%) of the Company's share capital may request that one or several items be added to the agenda of
any general meeting of shareholders and file draft resolution(s) in this respect. Pursuant to Article 4 of the Luxembourg
Shareholders' Rights Law and the Company's articles of association, such request and draft resolution(s) must be received
at the Company's registered office by registered letter or by e-mail at least twenty-two (22) days prior to the date of the
relevant general meeting of shareholders, i.e., prior to May 25, 2012, accompanied by a proof of the shareholding of such
shareholder(s) and the address or e-mail address which the Company may use in order to deliver the acknowledgment
of receipt of such request. The Company must acknowledge reception of such request within forty-eight (48) hours of
receipt of such request. In case such request entails a modification of the agenda of the relevant general meeting of
shareholders, the Company will make an amended agenda available at the latest fifteen (15) days prior to the meeting.
The proposed amendments to the Company's articles of association set forth in the proposed resolution on item 3
of the agenda of the extraordinary general meeting of shareholders will, inter alia, amend the notice periods so as to be
in line with Article 4 of the Luxembourg Shareholders' Rights Law.
<i>Documentsi>
Copies of the proxy statement including, inter alia, relevant information with respect to the proposed initial business
combination with Electrawinds NV, the draft resolutions of the annual general meeting of shareholders and the extra-
ordinary general meeting of shareholders as well as the documents submitted to the two general meetings of shareholders
and the revised agendas, if any, further to a requested addition in accordance with the above will be available on the
Company's website (www.ectse.com) as from May 2, 2012.
Upon request to info@ectse.com, copies of the abovementioned documents will be mailed to the shareholders.
<i>Share capital of the Companyi>
The Company's issued share capital is currently set at three hundred forty-five thousand euro (€345,000), represented
by (i) eleven million five hundred thousand (11,500,000) redeemable class A shares, (ii) nine hundred fifty-eight thousand
three hundred thirty-three (958,333) redeemable class B1 shares, (iii) nine hundred fifty-eight thousand three hundred
thirty-three (958,333) redeemable class B2 shares, and (iv) nine hundred fifty-eight thousand three hundred thirty-four
(958,334) redeemable class B3 shares.
Each share entitles the holder thereof to one vote.
<i>Right to participate in the meetingsi>
According to Article 5 of the Luxembourg Shareholders' Rights Law, the record date for general meetings of share-
holders of listed companies incorporated under the laws of the Grand Duchy of Luxembourg has been set to fourteen
(14) days prior to the date of the corresponding general shareholders' meeting. Therefore, any shareholder who holds
one or more shares of the Company at midnight (24:00 (midnight) CEST), on June 1, 2012 (the “Record Date”), registers
by such time for the annual general meeting of shareholders and the extraordinary general meeting of shareholders (see
under “-Registration for the meetings” below for more details) and, if applicable, timely furnishes the certificate specified
below, shall be admitted to participate and vote in the annual general meeting of shareholders to be held on June 15,
2012 at 11:00 CEST and the extraordinary general meeting of shareholders to be held on June 15, 2012 at 11:30 CEST.
One of the purposes of the proposal to the Company's shareholders to amend the articles of association of the Company
(item 3 of the agenda of the extraordinary general meeting of shareholders) is to reflect changes brought along by the
Luxembourg Shareholders' Rights Law in the Company's articles of association, which currently provide for a record date
falling five (5) days prior to the date of the relevant general meeting of shareholders. For the avoidance of doubt, the
fourteen (14) days' period does prevail at all times over the five (5) days' period.
All shareholders wishing to participate (in person, or by voting through proxy or voting form) in the general meetings
of shareholders of the Company shall notify the Company thereof at the latest on the Record Date in writing by mail,
fax or by e-mail.
Class A shareholders (whose class A shares are held in book-entry form through the operator of a securities settlement
system or with a professional depositary or sub-depositary designated by such depositary) should request from such
operator or depositary or sub-depositary a certificate certifying the number of shares recorded in their account on the
Record Date.
To participate and vote in the annual general meeting of shareholders and/or the extraordinary general meeting of
shareholders, class A shareholders shall submit a copy of the certificate via their custodian bank by mail, by fax or by e-
mail to the Centralizing Agent of the Company in the period from June 1, 2012, until June 14, 2012 11:30 CEST.
Shareholders having validly tendered their class A shares for redemption by providing a redemption notice to the Company
and transferring the shares tendered for redemption to the special account of the Company do not need to register
separately for the extraordinary general meeting of shareholders in respect of such shares (please refer to “-Redemption
process of class A shares” below for more details).
65092
L
U X E M B O U R G
To participate and vote in the annual general meeting of shareholders and the extraordinary general meeting of share-
holders, class B shareholders shall submit a copy of their share certificate(s) by mail, fax or by e-mail in the period from
June 1, 2012, 24:00 (midnight) CEST, until June 14, 2012, 11:30 CEST, to the Centralizing Agent of the Company, being:
Deutsche Bank Aktiengesellschaft
Attn.: TSS/GES, Post-IPO Services
Taunusanlage 12
D-60325 Frankfurt am Main, Germany
Fax: +49/69 910-38794
E-mail: dct.tender-offers@db.com
Any shareholder and/or proxyholder participating in the annual general meeting of shareholders and/or the extraor-
dinary general meeting of shareholders in person shall carry proof of identity at the annual general meeting of shareholders
and/or the extraordinary general meeting of shareholders.
<i>Registration for the meetingsi>
Shareholders wishing to participate in the annual general meeting of shareholders and/or the extraordinary general
meeting of shareholders need to register for these meeting(s) by submitting their registration by mail, fax or by e-mail
until June 1, 2012, 24:00 (midnight) CEST to the Centralizing Agent of the Company at the address referred to above.
Registration forms are provided on the website of the Company (www.ectse.com) which should be used. Shareholders
having registered for the meeting(s) may provide proxy or voting forms in case they do not wish to participate in person
in the meeting(s) until June 14, 2012, 11:30 CEST (see under “-Representation” below).
<i>Representationi>
In the event that any shareholder appoints another person, shareholder or not, as his proxy to vote on his behalf, the
proxy must be submitted by mail, fax or by e-mail to the Centralizing Agent of the Company no later than June 14, 2012,
11:30 CEST.
Proxy forms provided on the website of the Company (www.ectse.com) may be used and only signed proxy forms
will be taken into account. One person may represent more than one shareholder. Shareholders having presented a
redemption notice do not need to provide a separate proxy (see under “-Redemption process of class A shares” below).
Holders of Public Shares who have registered for the annual general meeting of shareholders and/or the extraordinary
general meeting of shareholders (see under “-Registration for the meetings” above for more details) and have executed
a proxy but who wish to revoke such proxy may do so by timely delivery of a properly executed later-dated proxy or
revoking in writing the proxy in writing to the Centralizing Agent no later than on June 14, 2012, 11:30 CEST.
A proof of shareholding (see above under “-Right to participate in the meetings”) together with the completed and
executed proxy form, if any, must be submitted to the Centralizing Agent of the Company by June 14, 2012, 11:30 CEST.
In case of a conflict of interest, the proxyholder shall disclose certain specified facts which may be relevant for the
undersigned in assessing any risk that the proxyholder might pursue any interest other than the interest of the undersigned.
For more information, see the proxy statement under “Questions and answers about the proposals for Public Share-
holders-How do I vote?-Representation by proxy” available on the website of the Company (www.ectse.com).
<i>Voting formsi>
Each shareholder may also vote in the annual general meeting of shareholders and/or the extraordinary general meeting
of shareholders through a voting form. The voting form may be submitted by mail, by fax or by e-mail to the Centralizing
Agent of the Company no later than on June 14, 2012, 11:30 CEST and should be accompanied by a proof of shareholding
(see above under “-Right to participate in the meetings”). Only voting forms provided by the Company on its website
(www.ectse.com) may be used and only signed voting forms will be taken into account.
Please note that the vote in writing does not dispense a shareholder from the (additional) registration obligation
referred to above under “-Right to participate in the meetings”.
Holders of Public Shares who have registered for the annual general meeting of shareholders and/or the extraordinary
general meeting of shareholders and have executed a voting form but who wish to revoke such voting form may do so
by timely delivery of a properly executed later-dated voting form or revoking the voting form in writing to the Centralizing
Agent no later than on June 14, 2012, 11:30 CEST.
<i>Redemption process of class A sharesi>
In the event a class A shareholder wishes to exercise his redemption rights in accordance with the articles of associ-
ation, such class A shareholder shall follow the following procedure:
(i) a redemption notice shall be submitted via the relevant custodian bank by mail, fax or by e-mail to the Centralizing
Agent of the Company no later than at 24:00 (midnight) CEST on May 30, 2012. Only redemption notices provided by
the Company on its website (www.ectse.com) may be used and only signed redemption notices will be taken into account;
(ii) the class A shares tendered for redemption shall be transferred not later than 18:00 CEST on May 30, 2012 to a
special account of the Company being the following:
65093
L
U X E M B O U R G
Account number: 100 8828089 01
Account name: European CleanTech I S.E. Abwicklungsdepot für Aktienrückkauf-/ Kaufoption
Name of Bank: Deutsche Bank AG, Frankfurt am Main
BIC-Code: DEUTDEFF
Clearstream Banking AG, Frankfurt, participant number: 7003;
(iii) by submitting a redemption notice, a class A shareholder wishing to exercise his redemption rights grants a proxy
to Mr. Sven-Roger von Schilling, an A director of the Company with full power of substitution, instructing that such shares
shall be voted against all items of the agenda of the extraordinary general meeting of shareholders.
By signing the redemption notice, the respective class A shareholder acknowledges that he/she/it may be contacted
by a third party interested in acquiring the class A shares tendered for redemption. For more detailed information with
respect to the redemption price, please refer to the proxy statement available on the website of the Company
(www.ectse.com).
A class A shareholder having submitted his redemption notice to the Company may withdraw such redemption notice
in respect of all or a portion of the class A shares tendered for redemption by delivering a withdrawal notice via the
relevant custodian bank by mail, fax or by e-mail to the Centralizing Agent of the Company no later than on or prior to
June 14, 2012 at 11:30 (CEST). Only withdrawal notices in the form provided by the Company on its website
(www.ectse.com) may be used and only signed withdrawal notices will be taken into account. In case a redemption notice
is withdrawn, the shares will be returned to the account specified by the shareholder and will not be redeemed. To
participate in the general meeting, shareholders who have withdrawn their redemption notice do not need to register
for the general meeting separately, but need to provide a new form of proxy or voting form as described before in the
case they are not intending to attend the general meeting in person.
Redemptions of class A shares are subject to the approval and the consummation of the initial business combination
of the Company with Electrawinds NV. If the initial business combination with Electrawinds NV is not consummated, the
tendered class A shares will be returned to the account specified by the shareholders who have tendered them for
redemption.
<i>Languagei>
The meeting will be held in the English language.
Luxembourg, in May 2012.
<i>For the management board of the Company.i>
Référence de publication: 2012050636/250/237.
POLUNIN Emerging Markets Strategy Funds, Société Anonyme sous la forme d'une SICAV - Fonds d'In-
vestissement Spécialisé.
Siège social: L-2520 Luxembourg, 5, allée Scheffer.
R.C.S. Luxembourg B 131.312.
As the extraordinary general meeting of the shareholders of the Company that was convened on 11 May 2012 could
not validly deliberate on the items of the agenda due to a lack of quorum, Shareholders are hereby reconvened to an
EXTRAORDINARY GENERAL MEETING
of shareholders of the Company, to be held in Luxembourg on <i>15 June 2012i> at the registered office of the Company
at 5, allée Scheffer, L-2520 Luxembourg at 11.00 a.m. (Luxembourg time) (the "Meeting") to deliberate and vote on the
following agenda:
<i>Agenda:i>
1. Conversion of the Company from a specialised investment fund subject to the act of 13 February 2007 on specialised
investment funds, as amended into an investment company with variable capital subject to Part I of the law dated
17 December 2010 relating to undertakings for collective investment which will be effective as of 1st June 2012.
2. Amendment of article 4 (Corporate Object) of the articles of incorporation of the Company (the Articles) so as
to read as follows:
"4.1 The exclusive purpose of the Company is to invest the assets of the Company in transferable securities and
other assets permitted by law in accordance with the principle of risk diversification, within the limits of the in-
vestment policies and restrictions determined by the Board pursuant to article 19 hereof, and with the objective
of paying out to Shareholders the profits resulting from the management of the assets of the Company, either
through distributions or through accumulation of income in the Company.
4.2 The Company may take any measures and execute any transactions that it considers expedient with regard to
the fulfillment and implementation of the object of the Company to the full extent permitted by Part I of the act
dated 17 December 2010 concerning undertakings for collective investment and laws in relation thereto (the 2010
Act)."
3. Restatement of the Articles.
65094
L
U X E M B O U R G
4. Appointment of the members of the board of directors of the Company.
5. Change of name of the Company and its sub-funds into respectively Polunin Funds and Polunin Funds - Developing
Countries Fund and Polunin Funds - Emerging.
6. Miscellaneous.
Please note that item 1 of the agenda foresees the 1st June 2012 as the effective date for the conversion of the Company.
Due to the fact that the extraordinary general meeting of shareholders of the Company which was held on the 11 May
2012 lacked quorum, it has been reconvened to the 15th June 2012. Considering that the changes may not have a
retroactive effect, the changes will become effective as of the date the shareholders will resolve on the above agenda.
Therefore, the board of directors of the Company will request the Chairman of the meeting to make such declaration
at the Meeting.
The restated Articles may be obtained free of charge at the registered office of the Company.
If you want to participate to this Meeting, we would be grateful if you could inform us of your intention at least 48
hours before the date of the Meeting.
<i>Votingi>
The Meeting will validly deliberate without any quorum, and the resolution will be passed by two thirds of the votes
cast. Votes cast shall not include votes attaching to shares in respect of which the shareholders have not taken part in
the vote or have abstained or have returned a blank or invalid vote. The proxy forms already received for the extraordinary
general meeting held on 11 May 2012 will remain valid for the Meeting unless expressly revoked.
If you cannot attend this Meeting, we would be grateful if you could return the enclosed proxy forms duly signed,
dated and completed, before 14 June 2012, first by fax and then by mail (Attn: Mrs Marie Bernot, CACEIS Bank Luxem-
bourg, 5, Allée Scheffer, L-2520 Luxembourg, telefax n° +352 47 67 45 44).
In order to allow CACEIS Bank Luxembourg (CACEIS BL), in its capacity as registrar and transfer agent and domiciliary
agent of the Company, to ensure correlation between the proxies received and the Company's register of shareholders,
shareholders taking part in the Meeting represented by proxy are requested to return the latter with a copy of their ID
Card / passport in force or an updated list of the authorised signatures, in the case shareholder(s) act on behalf of a
corporation. Lack of compliance with this requirement will render impossible the shareholder(s)'s identification, CACEIS
BL being thus instructed by the board of directors of the Company to not take into consideration the relevant proxy for
the purpose of the Meeting.
CACEIS BANK LUXEMBOURG.
<i>REGISTRARi>
Référence de publication: 2012057048/755/59.
Soclair Equipements S.A., Société Anonyme.
Siège social: L-1852 Luxembourg, 7, rue Kalchesbrück.
R.C.S. Luxembourg B 17.638.
Les actionnaires sont invités à
l'ASSEMBLEE GENERALE STATUTAIRE
qui se tiendra au siège social, rue Kalchesbrück n° 7 à L-1852 Luxembourg, exceptionnellement en date du mardi <i>12i>
<i>juin 2012i> à 17.00 heures.
<i>Ordre du jour:i>
1. Rapports du conseil d'administration et du réviseur d'entreprise concernant l'exercice 2011 avec le rapport de
gestion y relatif.
2. Présentation et approbation des comptes annuels arrêtés au 31.12.2011.
3. Affectation du résultat.
4. Décharge à donner aux administrateurs.
5. Nominations statutaires.
6. Désignation du réviseur d'entreprise pour l'année 2012.
Les propriétaires de parts sociales qui désirent assister à l'assemblée ou s'y faire représenter devront en effectuer le
dépôt trois jours francs à l'avance au siège social ou dans une banque ayant un siège au Grand-Duché de Luxembourg.
Les procurations sont à adresser au siège social avant le 8 juin 2012.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012056792/22.
65095
L
U X E M B O U R G
Tideway UCITS Funds, Société d'Investissement à Capital Variable.
Siège social: L-1736 Senningerberg, 5, Heienhaff.
R.C.S. Luxembourg B 162.512.
The ANNUAL GENERAL MEETING
of Shareholders of Tideway UCITS Funds (the "Company") will be held on <i>13th June 2012i> at 11:00 a.m. at its registered
office, 5, Heienhaff, L-1736 Senningerberg for the purpose of considering and voting upon the following matters:
<i>Agenda:i>
1. To accept the Directors' and Auditor's reports and to approve the financial statements including the use of income
for the year ended 31 December 2011;
2. To grant discharge to the Directors for all actions taken within their mandate during the year ended 31 December
2011;
3. To decide on the composition of the Board of Directors;
4. To re-elect, PricewaterhouseCoopers S.à.r.l., réviseur d`entreprises agréé, as Auditor;
5. To decide on any other business, which may properly come before the Meeting.
<i>Voting:i>
Resolutions on the Agenda may be passed without a quorum, by simple majority of the votes cast thereon at the annual
general meeting.
<i>Voting Arrangements:i>
Shareholders who cannot attend the annual general meeting in person are invited to send a duly completed and signed
proxy form to the Management Company Alceda Fund Management S.A., 5, Heienhaff, L-1736 Senningerberg to arrive
not later than 48 hours before the time fixed for holding the annual general meeting. Proxy forms for use by shareholders
can also be obtained from the Management Company. A person appointed a proxy need not be a holder of shares in the
Company; lodging of a proxy form will not prevent a shareholder from attending the annual general meeting if he decides
to do so.
Senningerberg, in May 2012.
<i>The Board of Directorsi> .
Référence de publication: 2012058578/8040/28.
Global Investors, Société d'Investissement à Capital Variable.
Siège social: L-1748 Findel, 8, rue Lou Hemmer.
R.C.S. Luxembourg B 86.731.
I) Der Verwaltungsrat hat beschlossen, am <i>12. Juni 2012i> um 09.00 Uhr in 8, rue Lou Hemmer, L-1748 Findel-Golf eine
AUßERORDENTLICHE GENERALVERSAMMLUNG
der Aktionäre mit folgender Tagesordnung einzuberufen:
<i>Tagesordnung:i>
1. Aufgrund der Umsetzung der Richtlinie 2009/65/EG wird die Satzung an das Gesetz vom 17. Dezember 2010
angepasst.
Folgende Änderungen und Aktualisierungen werden in der Satzung vorgenommen:
- Abänderung von Artikel 5, 7, 8, 11, 18, 22 und 24 der Satzung.
- Aktualisierung von Artikel 4, 17, 21, 27 und 32 der Satzung.
Ein Entwurf der neuen Satzung ist bei der Investmentgesellschaft erhältlich.
2. Verschiedenes.
Der Tagesordnungspunkt 1 der außerordentlichen Generalversammlung, verlangt ein Anwesenheitsquorum von min-
destens 50 Prozent des Gesellschaftskapitals sowie eine Zwei-Drittel-Mehrheit der Stimmen der anwesenden oder
vertretenen Aktien. Im Falle, in dem anlässlich der außerordentlichen Generalversammlung das o.g. Quorum nicht erreicht
wird, wird eine zweite außerordentliche Generalversammlung an der gleichen Adresse gemäß den Bestimmungen des
luxemburgischen Rechts einberufen, um über den auf der o.g. Tagesordnung stehenden Punkt 1 zu beschließen. Anlässlich
dieser Versammlung ist kein Anwesenheitsquorum erforderlich und die Beschlüsse werden mit Zwei-Drittel-Mehrheit
der Stimmen der anwesenden oder vertretenen Aktien getroffen.
II) Der Verwaltungsrat hat beschlossen, am <i>12. Juni 2012i> um 10.30 Uhr in 8, rue Lou Hemmer, L-1748 Findel-Golf die
ORDENTLICHE GENERALVERSAMMLUNG
der Aktionäre mit folgender Tagesordnung einzuberufen:
65096
L
U X E M B O U R G
<i>Tagesordnung:i>
1. Bericht des Verwaltungsrates und des Abschlussprüfers.
2. Genehmigung der vom Verwaltungsrat vorgelegten Bilanz und der Gewinn- und Verlustrechnung zum 31. März
2012.
3. Entlastung der Verwaltungsratsmitglieder und des Abschlussprüfers.
4. Zusammensetzung des Verwaltungsrates und Dauer der Mandate.
5. Ernennung des Abschlussprüfers für das neue Geschäftsjahr.
6. Verwendung des Jahresergebnisses.
7. Verschiedenes.
III) An beiden Generalversammlungen kann jeder Aktionär - persönlich oder durch einen schriftlich Bevollmächtigten
- teilnehmen, der seine Aktien spätestens am Dienstag, den 5. Juni 2012 am Gesellschaftssitz, bei der HSBC Trinkaus &
Burkhardt (International) SA, Luxemburg hinterlegt und bis zum Ende der Generalversammlung dort belässt. Jeder Ak-
tionär, der diese Voraussetzung erfüllt, erhält eine Eintrittskarte zur Generalversammlung.
<i>Der Verwaltungsrat.i>
Référence de publication: 2012058572/755/41.
Soclair Commerciale S.A., Société Anonyme.
Siège social: L-1852 Luxembourg, 7, rue Kalchesbrück.
R.C.S. Luxembourg B 17.637.
Les actionnaires sont invités à
l'ASSEMBLEE GENERALE STATUTAIRE
qui se tiendra au siège social, rue Kalchesbrück n° 7 à L-1852 Luxembourg, exceptionnellement en date du mardi, <i>12i>
<i>juin 2012i> à 16.30 heures.
<i>Ordre du jour:i>
1. Rapports du conseil d'administration et du commissaire aux comptes concernant l'exercice 2011.
2. Présentation et approbation des comptes annuels arrêtés au 31.12.2011.
3. Affectation du résultat.
4. Décharge à donner aux administrateurs et au commissaire.
5. Nominations statutaires.
Les propriétaires de parts sociales qui désirent assister à l'assemblée ou s'y faire représenter devront en effectuer le
dépôt trois jours francs à l'avance au siège social ou dans une banque ayant siège au Grand-Duché de Luxembourg.
Les procurations sont à adresser au siège social avant le 8 juin 2012.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012056791/20.
Castle Holding S.A., Société Anonyme Soparfi.
Siège social: L-1628 Luxembourg, 7A, rue des Glacis.
R.C.S. Luxembourg B 72.963.
Nous avons l'honneur de vous informer que vous êtes convoqués, le <i>11 juin 2012i> , à dix heures, au siège social, en
ASSEMBLEE GENERALE ORDINAIRE ANNUELLE
à l'effet de délibérer sur l'ordre du jour suivant:
<i>Ordre du jour:i>
- Lecture des rapport du Conseil d'Administration et, du Commissaire aux Comptes sur les comptes de l'exercice
clos le 31 décembre 2011, approbation desdits comptes, décharge aux administrateurs et au Commissaire aux
Comptes,
- Affectation du résultat
- Questions diverses
A l'issue de cette assemblée se tiendra une Assemblée Générale Extraordinaire, à l'effet de se prononcer sur la dis-
solution ou non de la société conformément aux dispositions de l'article 100 de la loi du 10 août 1915 modifiée.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012054808/1161/18.
65097
L
U X E M B O U R G
Greensoft S.A., Société Anonyme.
Siège social: L-2535 Luxembourg, 16, boulevard Emmanuel Servais.
R.C.S. Luxembourg B 145.328.
Messieurs les actionnaires sont convoqués par le présent avis à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>11 juin 2012i> à 9.30 heures au siège social avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant
sur l'exercice se clôturant au 31 décembre 2011;
2. approbation des comptes annuels au 31 décembre 2011;
3. affectation des résultats au 31 décembre 2011;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. décharge aux Administrateurs et au Commissaire aux Comptes;
6. divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012055425/10/18.
Blue Lux S.A., Société Anonyme.
Siège social: L-2535 Luxembourg, 16, boulevard Emmanuel Servais.
R.C.S. Luxembourg B 70.468.
Messieurs les actionnaires sont convoqués par le présent avis à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>11 juin 2012i> à 11.00 heures au siège social avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant
sur l'exercice se clôturant au 31 décembre 2011;
2. approbation des comptes annuels au 31 décembre 2011;
3. affectation des résultats au 31 décembre 2011;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. décharge aux Administrateurs et au Commissaire aux Comptes;
6. nomination des administrateurs et du commissaire aux comptes;
7. divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012055427/10/19.
Financière Asturias S.A., Société Anonyme.
Siège social: L-2535 Luxembourg, 16, boulevard Emmanuel Servais.
R.C.S. Luxembourg B 85.700.
Messieurs les actionnaires sont convoqués par le présent avis à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>11 juin 2012i> à 16.00 heures au siège social avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant
sur l'exercice se clôturant au 31 décembre 2011;
2. approbation des comptes annuels au 31 décembre 2011;
3. affectation des résultats au 31 décembre 2011;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. décharge aux Administrateurs et au Commissaire aux Comptes;
6. nomination des Administrateurs et du Commissaire aux Comptes;
7. divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012055428/10/19.
65098
L
U X E M B O U R G
D-VB Finapa S.A., SPF, Société Anonyme - Société de Gestion de Patrimoine Familial.
Siège social: L-2535 Luxembourg, 16, boulevard Emmanuel Servais.
R.C.S. Luxembourg B 150.778.
Messieurs les actionnaires sont convoqués par le présent avis à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>11 juin 2012i> à 14.00 heures au siège social avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant
sur l'exercice se clôturant au 31 décembre 2011;
2. approbation des comptes annuels au 31 décembre 2011;
3. affectation des résultats au 31 décembre 2011;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. décharge aux Administrateurs et au Commissaire aux Comptes;
6. divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012055429/10/18.
Tschingel S.A., Société Anonyme.
Siège social: L-2535 Luxembourg, 16, boulevard Emmanuel Servais.
R.C.S. Luxembourg B 88.236.
Messieurs les actionnaires sont convoqués par le présent avis à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>12 juin 2012i> à 14.00 heures au siège social avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant
sur l'exercice se clôturant au 31 décembre 2011;
2. approbation des comptes annuels au 31 décembre 2011;
3. affectation des résultats au 31 décembre 2011;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. décharge aux Administrateurs et au Commissaire aux Comptes;
6. nomination des Administrateurs et du Commissaire aux Comptes;
7. divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012055430/10/19.
Fortinvest Investments Holding S.A. SPF, Société Anonyme - Société de Gestion de Patrimoine Familial.
Siège social: L-2535 Luxembourg, 16, boulevard Emmanuel Servais.
R.C.S. Luxembourg B 82.991.
Messieurs les actionnaires sont convoqués par le présent avis à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>12 juin 2012i> à 10.00 heures au siège social avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant
sur l'exercice se clôturant au 31 décembre 2011;
2. approbation des comptes annuels au 31 décembre 2011;
3. affectation des résultats au 31 décembre 2011;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. décharge aux Administrateurs et au Commissaire aux Comptes;
6. nomination des Administrateurs et du Commissaire aux Comptes;
7. divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012055431/10/19.
65099
L
U X E M B O U R G
Geninvest Group S.A., Société Anonyme.
Siège social: L-1368 Luxembourg, 40, rue du Curé.
R.C.S. Luxembourg B 149.344.
Mesdames et Messieurs les actionnaires sont convoqués à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>11 juin 2012i> à 11.00 heures au siège social, avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. Rapport de gestion du conseil d'administration et rapport du commissaire.
2. Approbation des comptes annuels au 31 décembre 2010.
3. Affectation des résultats au 31 décembre 2010.
4. Décharge aux administrateurs et au commissaire quant à l'exercice sous revue.
5. Divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012056057/16.
Cielo S.A., Société Anonyme.
Siège social: L-2535 Luxembourg, 16, boulevard Emmanuel Servais.
R.C.S. Luxembourg B 100.690.
Messieurs les actionnaires sont convoqués par le présent avis à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>13 juin 2012i> à 10.00 heures au siège social avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant
sur l'exercice se clôturant au 31 décembre 2011;
2. approbation des comptes annuels au 31 décembre 2011;
3. affectation des résultats au 31 décembre 2011;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. décharge aux Administrateurs et au Commissaire aux Comptes;
6. divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012055433/10/18.
NSV Investments S.A., Société Anonyme.
Siège social: L-2535 Luxembourg, 16, boulevard Emmanuel Servais.
R.C.S. Luxembourg B 103.164.
Messieurs les actionnaires sont convoqués par le présent avis à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>14 juin 2012i> à 14.00 heures au siège social avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. lecture du rapport de gestion du Conseil d'Administration et du rapport du Commissaire aux Comptes portant
sur l'exercice se clôturant au 31 décembre 2011;
2. approbation des comptes annuels au 31 décembre 2011;
3. affectation des résultats au 31 décembre 2011;
4. vote spécial conformément à l'article 100, de la loi modifiée du 10 août 1915 sur les sociétés commerciales;
5. décharge aux Administrateurs et au Commissaire aux Comptes;
6. divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012055434/10/18.
65100
L
U X E M B O U R G
Evermore S.A., Société Anonyme.
Siège social: L-1368 Luxembourg, 40, rue du Curé.
R.C.S. Luxembourg B 149.348.
Mesdames et Messieurs les actionnaires sont convoqués à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>11 juin 2012i> à 10.00 heures au siège social, avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. Rapport de gestion du conseil d'administration et rapport du commissaire.
2. Approbation des comptes annuels au 31 décembre 2010.
3. Affectation des résultats au 31 décembre 2010.
4. Décharge aux administrateurs et au commissaire quant à l'exercice sous revue.
5. Décision sur la dissolution de la société conformément à l'article 100 de la loi du 10 août 1915 sur les sociétés
commerciales.
6. Divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012056056/18.
IFICOM Financial Company S.A., Société Anonyme.
Siège social: L-1368 Luxembourg, 40, rue du Curé.
R.C.S. Luxembourg B 154.548.
Mesdames et Messieurs les actionnaires sont convoqués à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>11 juin 2012i> à 13.00 heures au siège social, avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. Rapport de gestion du conseil d'administration et rapport du commissaire.
2. Approbation des comptes annuels au 31 décembre 2010.
3. Affectation des résultats au 31 décembre 2010.
4. Décharge aux administrateurs et au commissaire quant à l'exercice sous revue.
5. Divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012056058/16.
Gestielle Investment Sicav, Société d'Investissement à Capital Variable.
Siège social: L-2449 Luxembourg, 26, boulevard Royal.
R.C.S. Luxembourg B 63.851.
Shareholders are kindly invited to attend the
ANNUAL GENERAL MEETING
to be held in Luxembourg, 69, route d'Esch, L-1470 Luxembourg, on <i>June 13, 2012i> at 11.00 a.m. for the purpose of
considering and voting upon the following agenda:
<i>Agenda:i>
1. Submission of the Reports of the Board of Directors and of the Auditor
2. Approval of the Statement of Net Assets and of the Statement of Changes in Net Assets for the year ended as at
February 29, 2012
3. Allocation of the net results
4. Discharge to the Directors and the auditors
5. Statutory Appointments
6. Miscellaneous
Shareholders are advised that no quorum is required for the items of the agenda of the Annual General Meeting and
that decisions will be taken on simple majority of the shares present or represented at the Meeting.
65101
L
U X E M B O U R G
GESTIELLE INVESTMENT SICAV
<i>The Board of Directorsi>
Référence de publication: 2012057998/755/22.
Westray Business S.A., Société Anonyme.
Siège social: L-1368 Luxembourg, 40, rue du Curé.
R.C.S. Luxembourg B 149.347.
Mesdames et Messieurs les actionnaires sont convoqués à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>11 juin 2012i> à 14.00 heures au siège social, avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. Rapport de gestion du conseil d'administration et rapport du commissaire.
2. Approbation des comptes annuels au 31 décembre 2010.
3. Affectation des résultats au 31 décembre 2010.
4. Décharge aux administrateurs et au commissaire quant à l'exercice sous revue.
5. Divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012056059/16.
Donerston Trading S.A., Société Anonyme.
Siège social: L-1368 Luxembourg, 40, rue du Curé.
R.C.S. Luxembourg B 149.346.
Mesdames et Messieurs les actionnaires sont convoqués à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>11 juin 2012i> à 15.00 heures au siège social, avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. Rapport de gestion du conseil d'administration et rapport du commissaire.
2. Approbation des comptes annuels au 31 décembre 2010.
3. Affectation des résultats au 31 décembre 2010.
4. Décharge aux administrateurs et au commissaire quant à l'exercice sous revue.
5. Décision sur la dissolution de la société conformément à l'article 100 de la loi du 10 août 1915 sur les sociétés
commerciales.
6. Divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012056060/18.
Desalline S.A., Société Anonyme - Société de Gestion de Patrimoine Familial.
Siège social: L-1653 Luxembourg, 2, avenue Charles de Gaulle.
R.C.S. Luxembourg B 49.195.
Messieurs les actionnaires sont priés de bien vouloir assister à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>12 juin 2012i> à 9.30 heures au siège social avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. Présentation des comptes annuels et des rapports du conseil d'administration et du commissaire aux comptes.
2. Approbation des comptes annuels et affectation des résultats au 31 décembre 2011.
3. Décharge à donner aux administrateurs et au commissaire aux comptes.
4. Nominations statutaires.
5. Divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012058571/534/16.
65102
L
U X E M B O U R G
Mirambeau S.A., Société Anonyme.
Siège social: L-1258 Luxembourg, 6, rue Jean-Pierre Brasseur.
R.C.S. Luxembourg B 55.020.
Les actionnaires sont priés d'assister à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra au siège social de la société: L-1258 Luxembourg, 6, rue Jean-Pierre Brasseur, le vendredi <i>8 juin 2012i> à
9.00 heures, pour délibération sur l'ordre du jour conçu comme suit:
<i>Ordre du jour:i>
1. Présentation des comptes annuels, du rapport de gestion du Conseil d'Administration et du rapport du Commissaire
2. Approbation des comptes au 31 décembre 2011
3. Affectation du résultat
4. Décharge à donner aux Administrateurs et au Commissaire
5. Divers
<i>Le Conseil d'Administration.i>
Référence de publication: 2012058002/17.
Locafer S.A., Société Anonyme.
Siège social: L-1653 Luxembourg, 2, avenue Charles de Gaulle.
R.C.S. Luxembourg B 9.595.
Messieurs les actionnaires sont priés de bien vouloir assister à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>12 juin 2012i> à 14.00 heures au siège social avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. Présentation des comptes annuels et des rapports du conseil d'administration et du commissaire aux comptes.
2. Approbation des comptes annuels et affectation des résultats au 31 décembre 2011.
3. Décharge à donner aux administrateurs et au commissaire aux comptes.
4. Divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012058574/534/15.
August Lux Holding Company, Société à responsabilité limitée.
Capital social: USD 16.375,00.
Siège social: L-2633 Senningerberg, 6D, route de Trèves.
R.C.S. Luxembourg B 167.704.
In the year two thousand and twelve, on the twentieth day of April.
Before the undersigned Maître Henri Hellinckx, notary residing in Luxembourg, Grand Duchy of Luxembourg, who
will remain depositary of the present deed.
There appeared:
August Cayman Intermediate Holdco, Inc., an exempted company incorporated and existing under the laws of the
Cayman Islands, registered with the Registrar of Companies of the Cayman Islands under number MC-266689 and having
its registered office at Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cay-
man Islands,
duly represented by Mr Adrian Aldinger, Rechtsanwalt,, having his professional address in Luxembourg, Grand Duchy
of Luxembourg, by virtue of a proxy given on 19 April 2012.
The said proxy, initialled ne varietur by the proxyholder of the appearing party and the notary, will remain attached
to the present deed.
Such appearing party is the sole shareholder of August Lux Holding Company,a société à responsabilité limitée (the
“Company”) with registered office at 6D, route de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg, incor-
porated and existing under the laws of the Grand Duchy of Luxembourg, registered with the Luxembourg Trade and
Companies' Register under the number B 167704 and incorporated pursuant to a notarial deed of the undersigned notary
on 9 March 2012, not yet published in the Mémorial C, Recueil des Sociétés et Associations. The articles of association
of the Company have not been amended since.
65103
L
U X E M B O U R G
The appearing party, representing the entire share capital of the Company and acting in place of the extraordinary
general meeting of shareholders, requested the notary to enact the following resolutions:
<i>First resolutioni>
The sole shareholder resolves to convert the currency of the share capital of the Company from euro (EUR) to United
States dollar (USD), using the euro foreign exchange reference rate EUR/USD as of 18 April 2012 and for the ratio
rounded up to two (2) decimal places of one United States dollar and thirty-one cents (USD 1.31) for one euro (EUR 1)
and resolves to reduce the nominal value of the shares to ten cents (USD 0.10) each, with all additional shares created
by such conversion to be allocated to the sole shareholder.
As a consequence of the foregoing resolution, the share capital of the Company is henceforth set at sixteen thousand
three hundred seventy-five United States dollars (USD 16,375), represented by one hundred sixty-three thousand seven
hundred fifty (163,750) shares having a nominal value of ten cents (USD 0.10) each.
The euro foreign exchange reference rate has been proven to the undersigned notary with reference to the publication
of the European Central Bank reference rate dated as of 18 April 2012.
<i>Second resolutioni>
The sole shareholder further resolves to divide the current share capital of sixteen thousand three hundred seventy-
five United States dollars (USD 16,375), represented by one hundred sixty-three thousand seven hundred fifty (163,750)
shares having a nominal value of ten cents (USD 0.10) each, into ten (10) classes of shares, which are hereby created and
consisting of:
(a) sixteen thousand three hundred seventy-five (16,375) class A shares with a nominal value of ten cents (USD 0.10)
each;
(b) sixteen thousand three hundred seventy-five (16,375) class B shares with a nominal value of ten cents (USD 0.10)
each;
(c) sixteen thousand three hundred seventy-five (16,375) class C shares with a nominal value of ten cents (USD 0.10)
each;
(d) sixteen thousand three hundred seventy-five (16,375) class D shares with a nominal value of ten cents (USD 0.10)
each;
(e) sixteen thousand three hundred seventy-five (16,375) class E shares with a nominal value of ten cents (USD 0.10)
each;
(f) sixteen thousand three hundred seventy-five (16,375) class F shares with a nominal value of ten cents (USD 0.10)
each;
(g) sixteen thousand three hundred seventy-five (16,375) class G shares with a nominal value of ten cents (USD 0.10)
each;
(h) sixteen thousand three hundred seventy-five (16,375) class H shares with a nominal value of ten cents (USD 0.10)
each;
(i) sixteen thousand three hundred seventy-five (16,375) class I shares with a nominal value of ten cents (USD 0.10)
each; and
(j) sixteen thousand three hundred seventy-five (16,375) class J shares with a nominal value of ten cents (USD 0.10)
each.
<i>Third resolutioni>
As a result of the foregoing resolutions, the sole shareholder resolves to amend and fully restate the articles of
association of the Company, which shall henceforth read as follows:
“A. Purpose – Duration – Name – Registered office
Art. 1. There is hereby established by the current owner of the shares created hereafter and among all those who
may become shareholders in the future, a private limited liability company (société à responsabilité limitée) (hereinafter
the “Company”) which shall be governed by the law of 10 August 1915 concerning commercial companies, as amended,
as well as by these articles of incorporation.
Art. 2. The purpose of the Company is the holding of participations, in any form whatsoever, in any commercial,
industrial, financial, or other, Luxembourg or foreign companies or enterprises; to acquire or through participations,
contributions, underwriting, purchases or options, negotiation or in any other way any securities, rights, patents, trade-
marks, copyrights, any other franchise rights and licences, and other property, rights and interest in property as the
Company shall deem fit, and generally to hold, manage, develop, sell, license or dispose of the same, in whole or in part,
for such consideration as the Company may think fit, and in particular for shares or securities of any company purchasing
the same; to enter into, assist or participate in financial, commercial and other transactions, and to grant to any holding
company, subsidiary, affiliate or any other company associated in any way with the Company, or the said holding company,
65104
L
U X E M B O U R G
subsidiary, affiliate or any other company in which the Company has a direct or indirect financial interest, any assistance,
loans or advances; to borrow and raise money in any manner and to secure the repayment of any money borrowed.
The Company may perform all commercial, technical and financial operations, connected directly or indirectly in all
areas as described above in order to facilitate the accomplishment of its purposes.
Art. 3. The Company is incorporated for an unlimited period.
Art. 4. The Company will assume the name of “August Lux Holding Company”.
Art. 5. The registered office of the Company is established in the municipality of Niederanven, Grand Duchy of Lu-
xembourg. It may be transferred to any other place in the Grand Duchy of Luxembourg by means of a resolution of a
general meeting of its shareholders. The registered office may be transferred within the same municipality by decision of
the manager or, in case of several managers, by the board of managers.
Branches or other offices may be established either in the Grand Duchy of Luxembourg or abroad by resolution of
the manager or, in case of several managers, by the board of managers.
In the event that the manager or the board of managers determine that extraordinary political, economic or social
developments have occurred or are imminent, that would interfere with the normal activities of the Company at its
registered office or with the ease of communication between such office and persons abroad, the registered office may
be temporarily transferred abroad until the complete cessation of these abnormal circumstances; such temporary mea-
sures shall have no effect on the nationality of the Company which, notwithstanding the temporary transfer of its registered
office, will remain a Luxembourg company.
B. Share capital – Shares
Art. 6. The Company's share capital is set at sixteen thousand three hundred seventy-five United States dollars (USD
16,375), represented by
(a) sixteen thousand three hundred seventy-five (16,375) class A shares with a nominal value of ten cents (USD 0.10)
each;
(b) sixteen thousand three hundred seventy-five (16,375) class B shares with a nominal value of ten cents (USD 0.10)
each;
(c) sixteen thousand three hundred seventy-five (16,375) class C shares with a nominal value of ten cents (USD 0.10)
each;
(d) sixteen thousand three hundred seventy-five (16,375) class D shares with a nominal value of ten cents (USD 0.10)
each;
(e) sixteen thousand three hundred seventy-five (16,375) class E shares with a nominal value of ten cents (USD 0.10)
each;
(f) sixteen thousand three hundred seventy-five (16,375) class F shares with a nominal value of ten cents (USD 0.10)
each;
(g) sixteen thousand three hundred seventy-five (16,375) class G shares with a nominal value of ten cents (USD 0.10)
each;
(h) sixteen thousand three hundred seventy-five (16,375) class H shares with a nominal value of ten cents (USD 0.10)
each;
(i) sixteen thousand three hundred seventy-five (16,375) class I shares with a nominal value of ten cents (USD 0.10)
each; and
(j) sixteen thousand three hundred seventy-five (16,375) class J shares with a nominal value of ten cents (USD 0.10)
each.
with such rights and obligations as set out in the present articles of association.
Each share is entitled to one vote at ordinary and extraordinary general meetings. The Company may redeem its own
shares in accordance with the provisions of the law of 10 August 1915 concerning commercial companies, as amended,
and these articles of association.
Art. 7. The share capital may be modified at any time by approval of a majority of shareholders representing three
quarters of the share capital at least.
Art. 8. The share capital of the Company may be reduced through the cancellation of shares including by the cancellation
of one or more entire classes of shares through the repurchase and cancellation of all the shares in issue in such class
(es). In the case of repurchases and cancellations of classes of shares such cancellations and repurchases of shares shall
be made in the reverse alphabetical order (starting with class J shares).
In the event of a reduction of share capital through the repurchase and the cancellation of a class of shares (in the
order provided for above), such class of shares gives right to the holders thereof pro rata to their holding in such class
to the Available Amount (with the limitation however to the Total Cancellation Amount as determined by the general
meeting of shareholders) and the holders of shares of the repurchased and cancelled class of shares shall receive from
65105
L
U X E M B O U R G
the Company an amount equal to the Cancellation Value Per Share for each share of the relevant class held by them and
cancelled.
The “Cancellation Value Per Share” shall be calculated by dividing the Total Cancellation Amount by the number of
shares in issue in the class of shares to be repurchased and cancelled.
The “Total Cancellation Amount” shall be an amount determined by the manager, or as the case may be the board of
managers, and approved by the general meeting of shareholders on the basis of the relevant interim accounts of the
Company dated no earlier than eight (8) days before the date of the repurchase and cancellation of the relevant class of
shares. The Total Cancellation Amount for each of the classes J, I, H, G, F, E, D, C, B and A shall be the Available Amount
of the relevant class at the time of the cancellation of the relevant class unless otherwise resolved by the general meeting
of shareholders in the manner provided for an amendment of the articles of association provided however that the Total
Cancellation Amount shall never be higher than such Available Amount.
Upon the repurchase and cancellation of the shares of the relevant class, the Cancellation Value Per Share will become
due and payable by the Company.
For the purposes of this article 8 “Available Amount” shall mean the total amount of net profits of the Company
(including carried forward profits) to the extent the shareholder would have been entitled to dividend distributions
according to Art. 24 of these articles of association, increased by (i) any freely distributable reserves and (ii) as the case
may be by the amount of the share capital reduction and legal reserve reduction relating to the class of shares to be
cancelled but reduced by (x) any losses (included carried forward losses) and (y) any sums to be placed into reserve(s)
pursuant to the requirements of law or of these articles of association, each time as set out in the relevant Interim
Accounts (without for the avoidance of doubt, any double counting) so that:
AA = (NP +P+CR) –(L+ LR)
Whereby:
AA = Available Amount
NP = net profits (including carried forward profits)
P = any freely distributable reserves
CR = the amount of the share capital reduction and legal reserve reduction relating to the class of shares to be cancelled
L = losses (including carried forward losses)
LR = any sums to be placed into reserve(s) pursuant to the requirements of law or of the articles of association
Art. 9. The Company will recognize only one holder per share. The joint co-owners shall appoint a single representative
who shall represent them towards the Company.
Art. 10. The Company's shares are freely transferable among shareholders. Any inter vivos transfer to a new share-
holder is subject to the approval of such transfer given by the other shareholders, at a majority of three quarters of the
share capital.
In the event of death, liquidation or dissolution, the shares of the deceased, liquidated or dissolved shareholder may
only be transferred to new shareholders subject to the approval of such transfer given by the other shareholders in a
general meeting, at a majority of three quarters of the share capital. Such approval is, however, not required in case the
shares are transferred either to parents, descendants or the surviving spouse.
Art. 11. The death, suspension of civil rights, bankruptcy, liquidation, dissolution or insolvency of one of the share-
holders will not cause the dissolution of the Company.
C. Management
Art. 12. The Company is managed by one or several managers, who need not be shareholders. In case of several
managers, the board of managers may be composed of class A managers and class B managers.
The managers are appointed by the general meeting of shareholders which sets the term of their office. They may be
dismissed freely at any time and without specific cause.
In dealing with third parties, the manager, or in case of several managers, the board of managers has extensive powers
to act in the name of the Company in all circumstances and to authorise all acts and operations consistent with the
Company's purpose.
The Company will be bound in all circumstances by the signature of the sole manager or, if there is more than one,
by the joint signature of two (2) managers, and in the case of appointment of A and B managers by the joint signature of
at least one (1) class A manager and one (1) class B manager, or by the signature of any duly authorised representative
within the limits of such authorization.
Art. 13. In case of several managers, the Company is managed by a board of managers which shall choose from among
its members a chairman, and may choose from among its members a vice-chairman. It may also choose a secretary, who
need not be a manager, who shall be responsible for keeping the minutes of the meetings of the board of managers.
The board of managers shall meet upon call by the chairman, or two managers, at the place indicated in the notice of
meeting. The meetings of the board of managers shall be held at the registered office of the Company unless otherwise
65106
L
U X E M B O U R G
indicated in the notice of meeting. The chairman shall preside at all meetings of the board of managers, but in his absence,
the board of managers may appoint another manager as chairman pro tempore by vote of the majority present at any
such meeting.
Written notice of any meeting of the board of managers must be given to the managers at least twenty-four (24) hours
in advance of the date foreseen for the meeting by cable, telegram, telex or facsimile, e-mail or any other similar means
of communication, except in case of emergency, in which case the nature and the motives of the emergency shall be
mentioned in the notice. This notice may be waived by consent in writing, by cable, telegram, telex or facsimile, e-mail
or any other similar means of communication. A separate notice will not be required for a board meeting to be held at
a time and location determined in a prior resolution adopted by the board of managers.
No notice shall be required in case all the members of the board of managers are present or represented at a meeting
of such board of managers or in the case of resolutions in writing approved and signed by all the members of the board
of managers.
Any manager may act at any meeting of the board of managers by appointing in writing or by cable, telegram, telex or
facsimile, e-mail or any other similar means of communication another manager as his proxy. A manager may represent
more than one of his colleagues.
Any manager may participate in any meeting of the board of managers by conference-call, videoconference or by other
similar means of communication allowing all the persons taking part in the meeting to hear one another. The participation
in a meeting by these means is equivalent to a participation in person at such meeting.
The board of managers can deliberate or act validly only if at least a majority of the managers, of which at least one
(1) is a class A manager and one (1) is a class B manager (if such have been appointed), is present or represented at a
meeting of the board of managers. Decisions shall be taken by a majority of votes of the managers, of which at least one
(1) is a class A manager and one (1) is a class B manager (if such have been appointed), present or represented at such
meeting.
The board of managers may, unanimously, pass resolutions by circular means when expressing its approval in writing,
by cable, telegram, telex or facsimile, e-mail or any other similar means of communication. The entirety will form the
minutes giving evidence of the resolution.
Art. 14. The minutes of any meeting of the board of managers shall be signed by the chairman or, in his absence, by
the vice-chairman, or by one (1) class A manager and one (1) class B manager jointly. Copies or extracts of such minutes
which may be produced in judicial proceedings or otherwise shall be signed by the chairman or by one (1) class A manager
and one (1) class B manager jointly or by any person duly appointed to that effect by the board of managers.
Art. 15. The death or resignation of a manager, for any reason whatsoever, shall not cause the dissolution of the
Company.
Art. 16. The manager(s) do(es) not assume, by reason of his (their) position, any personal liability in relation to com-
mitments regularly made by them in the name of the Company. They are authorised agents only and are therefore merely
responsible for the execution of their mandate.
Art. 17. The manager or the board of managers may decide to pay interim dividends on the basis of a statement of
accounts prepared by the manager or the board of managers showing that sufficient funds are available for distribution,
it being understood that the amount to be distributed may not exceed realized profits since the end of the last fiscal year,
increased by carried forward profits and distributable reserves, but decreased by carried forward losses and sums to be
allocated to a reserve to be established by law or by these articles of incorporation.
D. Decisions of the sole shareholder – Collective decisions of the shareholders
Art. 18. Each shareholder may participate in collective decisions irrespective of the number of shares which he owns.
Each shareholder is entitled to as many votes as he holds or represents shares.
Art. 19. Save a higher majority as provided herein, collective decisions are only validly taken in so far as they are
adopted by shareholders owning more than half of the share capital.
The shareholders may not change the nationality of the Company otherwise than by unanimous consent. Any other
amendment of the articles of incorporation requires the approval of a majority of shareholders representing three quar-
ters of the share capital at least.
Art. 20. In the case of a sole shareholder, such shareholder exercises the powers granted to the general meeting of
shareholders under the provisions of section XII of the law of 10 August 1915 concerning commercial companies, as
amended.
E. Financial year – Annual accounts – Distribution of profits
Art. 21. The Company's year commences on the 1
st
of January and ends on the 31
st
of December.
65107
L
U X E M B O U R G
Art. 22. Each year on the of 31
st
December, the accounts are closed and the manager(s) prepare(s) an inventory
including an indication of the value of the Company's assets and liabilities. Each shareholder may inspect the above in-
ventory and balance sheet at the Company's registered office.
Art. 23. Five per cent (5%) of the net profit is set aside for the establishment of a statutory reserve, until such reserve
amounts to ten per cent (10%) of the share capital. The balance may be distributed to the shareholders upon decision of
a general meeting of shareholders in accordance with the provisions set forth hereafter.
Art. 24. The shareholders may decide to declare and pay interim dividends on the basis of statements of accounts
prepared by the manager, or as the case may be the board of managers, showing that sufficient funds are available for
distribution, it being understood that the amount to be distributed may not exceed profits realized since the end of the
last accounting year increased by profits carried forward and distributable reserves but decreased by losses carried
forward and sums to be allocated to a reserve to be established by law, in accordance with the provisions set forth
hereafter.
The share premium account may be distributed to the shareholders upon decision of a general meeting of shareholders
in accordance with the provisions set forth hereafter. The general meeting of shareholders may decide to allocate any
amount out of the share premium account to the legal reserve account.
The dividends declared may be paid in any currency selected by the manager or as the case may be the board of
managers and may be paid at such places and times as may be determined by the manager or as the case may be the board
of managers The manager or as the case may be the board of managers may make a final determination of the rate of
exchange applicable to translate dividend funds into the currency of their payment. A dividend declared but not paid on
a share during five years cannot thereafter be claimed by the holder of such share, shall be forfeited by the holder of such
share, and shall revert to the Company. No interest will be paid on dividends declared and unclaimed which are held by
the Company on behalf of holders of shares.
In the event of a dividend declaration, such dividend shall be allocated and paid as follows:
(i) an amount equal to zero point two five per cent (0.25%) of the nominal value of each share shall be distributed
equally to all shareholders pro rata to their shares regardless of class, then
(ii) the balance of the total distributed amount shall be allocated in its entirety to the holders of the last class in the
reverse alphabetical order (i.e. first class J shares, then if no class J shares are in existence, class I shares and in such
continuation until only class A shares are in existence).
F. Dissolution – Liquidation
Art. 25. In the event of a dissolution of the Company, the Company shall be liquidated by one or more liquidators,
who need not be shareholders, and which are appointed by the general meeting of shareholders which will determine
their powers and fees. Unless otherwise provided, the liquidators shall have the most extensive powers for the realization
of the assets and payment of the liabilities of the Company.
After payment of all debts and any charges against the Company and of the expenses of the liquidation, the net
liquidation proceeds shall be distributed to the shareholders in conformity with and so as to achieve on an aggregate basis
the same economic result as the distribution rules set for dividend distributions.
Art. 26. All matters not governed by these articles of incorporation shall be determined in accordance with the law
of 10 August 1915 concerning commercial companies, as amended.”
<i>Costs and Expensesi>
The costs, expenses, fees and charges, in whatsoever form, which are to be borne by the Company or which shall be
charged to it in connection with its capital increase, has been estimated at about EUR 1,200.-
Whereof the present deed is drawn up in Luxembourg on the day stated at the beginning of this document.
The undersigned notary who speaks and understands English, states herewith that the present deed is worded in
English, followed by a French version. On request of the appearing person and in case of divergences between the English
and the French text, the English version will prevail.
This deed having been read to the person appearing known to the notary by her name, first name, civil status and
residence, this person signed together with the notary the present deed.
Suit la traduction en français du texte qui précède
L'an deux mille douze, le vingt avril,
Par devant Maître Henri Hellinckx, notaire de résidence à Luxembourg, Grand-Duché de Luxembourg, qui restera
dépositaire du présent acte.
A comparu:
August Cayman Intermediate Holdco, Inc., une exempted company constituée et existant selon les lois des Iles Caï-
mans, enregistrée auprès du Registre des Sociétés des Iles Caïmans sous le numéro MC-266689 et ayant son siège social
à Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Iles Caymans,
65108
L
U X E M B O U R G
ici représentée par Monsieur Adrian Aldinger, Rechtsanwalt, demeurant professionnellement à Luxembourg, en vertu
d'une procuration sous seing privé donnée le 19 avril 2012.
La procuration paraphée ne varietur par le mandataire de la comparante et par le notaire soussigné restera annexée
au présent acte.
Ledit comparant représente tout le capital social de August Lux Holding Company (la «Société»), une société à res-
ponsabilité limitée, inscrite au Registre du Commerce et des Sociétés du Luxembourg sous le numéro B 167704, et dont
le siège social est établi au 6D, route de Trèves, L-2633 Senningerberg, Grand-Duché de Luxembourg, constituée con-
formément à un acte du notaire soussigné en date du 9 mars 2012 non encore publié au Mémorial C, Recueil des Sociétés
et Associations. Les statuts de la Société n'ont pas été modifiés depuis lors.
La comparante, représentant l'intégralité du capital social, agissant en qualité d'assemblée générale extraordinaire de
la Société, a requis le notaire d'acter les résolutions suivantes:
<i>Première résolutioni>
L'associé unique décide de convertir le capital social souscrit de la Société d'euro (EUR) en dollars américains (USD),
en utilisant le taux de change de référence EUR/USD en date du 18 avril 2012 d'un montant arrondi à deux (2) chiffres
après la virgule de un dollar américain et trente-et-un cents (USD 1,31) pour un euro (EUR 1) et décide de réduire la
valeur nominale des parts sociales à dix cents (USD 0,10) chacune. Toutes les parts sociales supplémentaires crées par
cette conversion seront allouées à l'associé unique.
En conséquence de la résolution précédente, le capital social de la Société sera désormais fixé à seize mille trois cent
soixante-quinze dollars américains (USD 16.375), représenté par cent soixante-trois mille sept cent cinquante (163.750)
parts sociales d'une valeur nominale de dix cents (USD 0,10) chacune.
L'euro taux de change de référence a été prouvé au notaire soussigné en se référant à la publication du taux de
référence de la Banque Centrale Européenne en date du 18 Avril 2012.
<i>Deuxième résolutioni>
L'associé unique décide en outre de diviser le capital social actuel de seize mille trois cent soixante-quinze dollars
américains (USD 16.375), représenté par cent soixante-trois mille sept cent cinquante (163.750) parts sociales ayant une
valeur nominale de dix cents (USD 0,10) chacune, en dix (10) classes de parts sociales, qui sont établies par les présentes
et représentées par:
(a) seize mille trois cent soixante-quinze (16.375) parts sociales de classe A ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(b) seize mille trois cent soixante-quinze (16.375) parts sociales de classe B ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(c) seize mille trois cent soixante-quinze (16.375) parts sociales de classe C ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(d) seize mille trois cent soixante-quinze (16.375) parts sociales de classe D ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(e) seize mille trois cent soixante-quinze (16.375) parts sociales de classe E ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(f) seize mille trois cent soixante-quinze (16.375) parts sociales de classe F ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(g) seize mille trois cent soixante-quinze (16.375) parts sociales de classe G ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(h) seize mille trois cent soixante-quinze (16.375) parts sociales de classe H ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(i) seize mille trois cent soixante-quinze (16.375) parts sociales de classe I ayant une valeur nominale de dix cents (USD
0,10) chacune; et
(j) seize mille trois cent soixante-quinze (16.375) parts sociales de classe J ayant une valeur nominale de dix cents (USD
0,10) chacune.
<i>Troisième résolutioni>
Suite aux résolutions précédentes, l'associé unique décide de modifier et de refondre les statuts de la Société, qui aura
désormais la teneur suivante:
«A. Objet - Durée - Dénomination - Siège
Art. 1
er
. Il est formé par les présentes par le propriétaire actuel des parts ci-après créées et tous ceux qui pourront
le devenir par la suite, une société à responsabilité limitée (ci-après la “Société”) qui sera régie par la loi du 10 août 1915
concernant les sociétés commerciales, telle que modifiée, ainsi que par les présents statuts.
65109
L
U X E M B O U R G
Art. 2. L'objet de la Société inclut la prise de participations, sous quelque forme que ce soit, dans des sociétés luxem-
bourgeoises ou étrangères, commerciales, industrielles, financières ou autres; d'acquérir ou moyennant des participations,
apports, souscriptions, achats ou options, négociations ou de toute autre manière toutes les titres, droits, brevets, mar-
ques, droits d'auteur et autres droits de franchise et licences ainsi que tout autre droit de propriété, droits et intérêts
de propriété estimés utiles par la Société, et, généralement, de tenir, de gérer, de développer, de vendre, de donner en
licence et de disposer de ces droits, en tout ou partie, pour les raisons que la Société estime utiles, et en particulier, en
ce qui concerne des actions et titres détenus dans d'autres sociétés qui acquièrent la même chose; d'entrer, d'assister
ou de participer dans des transactions financières, commerciales et autres, et de donner à chaque société mère, filiales,
ou société du groupe, ou à toute autre société associée en quelque manière que ce soit avec la Société ou la société de
mère susvisée, filiale ou société du groupe et toute autre société dans laquelle la Société détient un intérêt financier direct
ou indirect, toute assistance, prêt ou avance; de prêter et de collecter des fonds de quelque manière que ce soit et
d'assurer le remboursement des sommes empruntées.
La Société pourra exercer toutes activités de nature commerciale, technique ou financière estimées utiles pour l'ac-
complissement de ses objets.
Art. 3. La Société est constituée pour une durée indéterminée.
Art. 4. La Société prend la dénomination de “August Lux Holding Company”.
Art. 5. Le siège social est établi à la commune de Niederanven, Grand-Duché de Luxembourg. Il peut être transféré
en toute autre localité du Grand-Duché de Luxembourg en vertu d'une décision de l'assemblée générale des associés. Le
siège social pourra être transféré dans la même commune par décision du gérant ou, dans le cas où il y a plusieurs gérants,
par décision du conseil de gérance.
Il peut être créé, par simple décision du gérant ou, dans le cas où il y a plusieurs gérants, par le conseil de gérance,
des succursales ou bureaux, tant dans le Grand-Duché de Luxembourg qu'à l'étranger.
Au cas où le gérant ou le conseil de gérance estimerait que des événements extraordinaires d'ordre politique, éco-
nomique ou social, de nature à compromettre l'activité normale au siège social ou la communication aisée avec ce siège
ou de ce siège avec l'étranger, se présentent ou paraissent imminents, il pourra transférer provisoirement le siège social
à l'étranger jusqu'à cessation complète de ces circonstances anormales; cette mesure provisoire n'aura toutefois aucun
effet sur la nationalité de la Société, laquelle, nonobstant ce transfert provisoire, restera une société luxembourgeoise.
B. Capital social - Parts sociales
Art. 6. Le capital social de la Société est fixé à la somme de seize mille trois cent soixante-quinze dollars américains
(USD 16.375) représentée par:
(a) seize mille trois cent soixante-quinze (16.375) parts sociales de classe A ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(b) seize mille trois cent soixante-quinze (16.375) parts sociales de classe B ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(c) seize mille trois cent soixante-quinze (16.375) parts sociales de classe C ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(d) seize mille trois cent soixante-quinze (16.375) parts sociales de classe D ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(e) seize mille trois cent soixante-quinze (16.375) parts sociales de classe E ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(f) seize mille trois cent soixante-quinze (16.375) parts sociales de classe F ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(g) seize mille trois cent soixante-quinze (16.375) parts sociales de classe G ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(h) seize mille trois cent soixante-quinze (16.375) parts sociales de classe H ayant une valeur nominale de dix cents
(USD 0,10) chacune;
(i) seize mille trois cent soixante-quinze (16.375) parts sociales de classe I ayant une valeur nominale de dix cents (USD
0,10) chacune; et
(j) seize mille trois cent soixante-quinze (16.375) parts sociales de classe J ayant une valeur nominale de dix cents (USD
0,10) chacune,
ayant les droits et obligations définis dans ces statuts.
Chaque part sociale donne droit à une voix dans les délibérations des assemblées générales ordinaires et extraordi-
naires. La Société peut racheter ses propres parts conformément aux dispositions de la loi du 10 août 1915 concernant
les sociétés commerciales, telle que modifiée, et les présents statuts.
Art. 7. Le capital social pourra, à tout moment, être modifié moyennant accord de la majorité des associés représentant
au moins les trois quarts du capital social.
65110
L
U X E M B O U R G
Art. 8. Le capital social de la Société peut être réduit par le biais de l'annulation de parts sociales, comme notamment,
l'annulation d'une ou plusieurs classes de parts sociales par le biais de rachats et annulation de toutes ces parts sociales
émises dans ce(s) classe(s). En cas de rachats et annulation de classes de parts sociales, de tels rachats et annulations de
parts sociales sont fait en ordre alphabétique inversé (en commençant par les parts sociales de classe J).
En cas de réduction du capital social par le biais du rachat et de l'annulation d'une classe de parts sociales (dans l'ordre
prévu ci-dessus), une telle classe de parts sociales donne un droit à leurs détenteurs au pro rata de leur détention dans
cette classe sur le Montant Disponible (avec, cependant, la limitation au Montant Total d'Annulation, ainsi qu'il est dé-
terminé par l'assemblée générale des associés) et les détenteurs de parts sociales des classes rachetées et annulées
recevront de la Société un montant équivalent a la Valeur d'Annulation par Part Sociale pour chaque part sociale de la
classe en question détenue par eux et annulée.
La «Valeur d'Annulation par Part Sociale» est calculée en divisant le Montant Total d'Annulation par le nombre de
parts sociales émises dans la classe des parts sociales devant être rachetée et annulée.
Le «Montant Total d'Annulation» est un montant déterminé par le gérant ou les cas échéant, le conseil de gérance, et
approuvé par l'assemblée générale des associés sur la base des comptes provisoires pertinents de la Société datés au plus
tôt huit (8) jours avant la date du rachat et l'annulation de la classe de parts sociales concernée.. Le Montant Total
d'Annulation pour chacune des classes J, I, H, G, F, E, D, C, B et A est le Montant Disponible de la classe en question au
moment de l'annulation de la classe en question à moins qu'il n'a été autrement décidé par l'assemblée générale des
associés de la façon prévue pour une modification des statuts de la Société à condition, cependant, que le Montant Total
d'Annulation ne soit jamais plus élevé que le Montant Disponible.
Dès le rachat et l'annulation des parts sociales de la classe en question, la Valeur d'Annulation par Part Sociale sera dû
et échu par la Société.
Pour les fins du présent article 8 «Montant Disponible» désigne le montant total des bénéfices nets de la Société
(incluant les bénéfices reportés) dans la mesure où l'associé aurait eu droit aux distributions de dividendes en conformité
avec l'article 24 de ces statuts, augmenté de (i) toutes réserves librement distribuables et (ii), le cas échéant du montant
de la réduction de capital social et de la réserve légale en rapport avec les classes de parts sociales à annuler mais réduit
de (x) toutes pertes (les pertes reportées inclues) et (y) de toutes sommes à placer dans l(a)/(es) réserve(s) en conformité
avec la loi ou les statuts, chaque fois comme il est fixé dans les comptes provisoires pertinents (sans qu'i y ait un double
comptage afin de dissiper le doute) de sorte que:
AA =(NP +P+CR) –(L+ LR)
Où:
AA = Montant Disponible
NP = bénéfices nets (sont inclus les bénéfices reportés)
P = toutes réserves librement distribuables
CR = le montant de la réduction du capital social et de la réduction de la réserve légale en rapport avec la classe des
parts sociales devant être annulés
L = pertes (sont inclus les pertes reportées)
LR = toutes sommes à placer dans l(a)/(es) réserve(s) en conformité avec la loi ou les statuts
Art. 9. La Société ne reconnaît qu'un seul propriétaire pour chaque part sociale. Les copropriétaires indivis de parts
sociales sont tenus de se faire représenter auprès de la Société par une seule et même personne.
Art. 10. Les parts sociales sont librement cessibles entre associés. Les parts sociales ne peuvent être cédées entre vifs
à des non-associés qu'avec l'agrément donné par des associés représentant au moins les trois quarts du capital social.
En cas de décès, liquidation ou dissolution d'un associé, les parts sociales de ce dernier ne peuvent être transmises à
des non-associés que moyennant l'agrément, donné en assemblée générale, des associés représentant les trois quarts des
parts appartenant aux associés survivants. Dans ce dernier cas cependant, le consentement n'est pas requis lorsque les
parts sont transmises, soit à des ascendants ou descendants, soit au conjoint survivant.
Art. 11. Le décès, l'interdiction, la faillite, la déconfiture, la liquidation ou la dissolution de l'un des associés ne met pas
fin à la Société.
C. Gérance
Art. 12. La Société est gérée par un ou plusieurs gérants, qui n'ont pas besoin d'être associés. En cas de pluralité de
gérants, le conseil de gérance peut être composé de gérants de catégorie A et gérants de catégorie B.
Les gérants sont nommés par l'assemblée générale des associés laquelle fixera la durée de leur mandat. Ils sont libre-
ment révocables à tout moment et sans cause.
Vis-à-vis des tiers, le gérant ou, dans le cas où il y a plusieurs gérants, le conseil de gérance a les pouvoirs les plus
étendus pour agir au nom de la Société en toutes circonstances et pour faire autoriser tous les actes et opérations relatifs
à son objet.
65111
L
U X E M B O U R G
La Société est engagée en toutes circonstances par la signature du gérant unique ou lorsqu'ils sont plusieurs, par la
signature conjointe de deux (2) gérants, et dans le cas de nomination des gérants de catégories A et B par la signature
conjointe d'au moins un (1) gérant de classe A et un (1) gérant de classe B, ou par la signature de tout représentant
dûment autorisé dans les limites d'une telle autorisation.
Art. 13. Lorsqu'il y a plusieurs gérants, la Société est gérée par un conseil de gérance qui choisira parmi ses membres
un président et pourra choisir parmi ses membres un vice-président. Il pourra également choisir un secrétaire, qui n'a
pas besoin d'être gérant, et qui sera en charge de la tenue des procès-verbaux des réunions du conseil de gérance.
Le conseil de gérance se réunira sur convocation du président ou de deux gérants au lieu indiqué dans l'avis de
convocation. Les réunions du conseil de gérance se tiendront au siège social de la Société à moins que l'avis de convocation
n'en dispose autrement. Le président présidera toutes les réunions du conseil de gérance; en son absence le conseil de
gérance pourra désigner à la majorité des personnes présentes à cette réunion un autre gérant pour assumer la présidence
pro tempore de ces réunions.
Avis écrit de toute réunion du conseil de gérance sera donné à tous les gérants au moins vingt-quatre (24) heures
avant la date prévue pour la réunion par câble, télégramme, télex, télécopieur, e-mail ou tout autre moyen de commu-
nication similaire, sauf s'il y a urgence, auquel cas la nature et les motifs de cette urgence seront mentionnés dans l'avis
de convocation. Il pourra être passé outre à cette convocation à la suite de l'assentiment de chaque gérant par écrit ou
par câble, télégramme, télex, télécopieur, e-mail ou tout autre moyen de communication similaire. Une convocation
spéciale ne sera pas requise pour une réunion du conseil de gérance se tenant à une heure et un endroit déterminés dans
une résolution préalablement adoptée par le conseil de gérance.
Aucun avis de convocation n'est requis lorsque tous les gérants sont présents ou représentés à une réunion du conseil
de gérance ou lorsque des résolutions écrites sont approuvées et signées par tous les membres du conseil de gérance.
Tout gérant pourra se faire représenter à toute réunion du conseil de gérance en désignant par écrit ou par câble,
télégramme, télex, télécopie, e-mail ou tout autre moyen de communication similaire, un autre gérant comme son man-
dataire. Un gérant peut représenter plusieurs de ses collègues.
Tout gérant peut participer à une réunion du conseil de gérance par conférence téléphonique, par vidéoconférence
ou par d'autres moyens de communication similaires où toutes les personnes prenant part à cette réunion peuvent
s'entendre les unes les autres. La participation à une réunion par ces moyens équivaut à une présence en personne à une
telle réunion.
Le conseil de gérance ne pourra délibérer ou agir valablement que si la majorité au moins des gérants, dont au moins
un (1) gérant de catégorie A et un (1) gérant de catégorie B (si de tels gérants ont été nommés), sont présents ou
représentés à la réunion du conseil de gérance. Les décisions sont prises à la majorité des voix des gérants, dont au moins
un (1) gérant de catégorie A et un (1) gérant de catégorie B (si de tels gérants ont été nommés), présents ou représentés
à cette réunion.
Le conseil de gérance pourra, à l'unanimité, prendre des résolutions par voie circulaire en exprimant son approbation
au moyen d'un ou de plusieurs écrits ou par câble, télégramme, télex, télécopieur, e-mail ou tout autre moyen de com-
munication similaire, le tout constituant le procès-verbal faisant preuve de la décision intervenue.
Art. 14. Les procès-verbaux de toutes les réunions du conseil de gérance seront signés par le président ou, en son
absence, par le vice-président, ou par un (1) gérant de catégorie A et un (1) gérant de catégorie B conjointement. Les
copies ou extraits des procès-verbaux destinés à servir en justice ou ailleurs seront signés par le président ou par un (1)
gérant de catégorie A et un (1) gérant de catégorie B conjointement ou par toute personne dûment mandatée à cet effet
par le conseil de gérance.
Art. 15. Le décès d'un gérant ou sa démission, pour quelque motif que ce soit, n'entraîne pas la dissolution de la Société.
Art. 16. Le ou les gérant(s) ne contracte(nt), à raison de leur fonction, aucune obligation personnelle relativement aux
engagements régulièrement pris par eux au nom de la Société. Simples mandataires, ils ne sont responsables que de
l'exécution de leur mandat.
Art. 17. Le gérant ou le conseil de gérance peut décider de payer des acomptes sur dividendes sur base d'un état
comptable préparé par le gérant ou le conseil de gérance, duquel il ressort que des fonds suffisants sont disponibles pour
distribution, étant entendu que les fonds à distribuer ne peuvent pas excéder le montant des bénéfices réalisés depuis le
dernier exercice fiscal augmenté des bénéfices reportés et des réserves distribuables mais diminué des pertes reportées
et des sommes à porter en réserve en vertu d'une obligation légale ou statutaire.
D. Décisions de l'associé unique - Décisions collectives des associés
Art. 18. Chaque associé peut participer aux décisions collectives quel que soit le nombre de parts qui lui appartiennent.
Chaque associé a un nombre de voix égal au nombre de parts qu'il possède ou représente.
Art. 19. Sous réserve d'un quorum plus important prévu par les statuts, les décisions collectives ne sont valablement
prises que pour autant qu'elles aient été adoptées par des associés représentant plus de la moitié du capital social.
Les associés ne peuvent, si ce n'est à l'unanimité, changer la nationalité de la Société. Toutes autres modifications des
statuts sont décidées à la majorité des associés représentant au moins les trois quarts du capital social.
65112
L
U X E M B O U R G
Art. 20. Dans le cas d'un associé unique, celui-ci exercera les pouvoirs dévolus à l'assemblée des associés par les
dispositions de la section XII de la loi du 10 août 1915 concernant les sociétés commerciales, telle que modifiée.
E. Année sociale - Bilan - Répartition
Art. 21. L'année sociale commence le 1
er
janvier et se termine le 31 décembre de chaque année.
Art. 22. Chaque année, au 31 décembre, les comptes sont arrêtés et le ou les gérant(s) dressent un inventaire com-
prenant l'indication des valeurs actives et passives de la société. Tout associé peut prendre communication au siège social
de l'inventaire et du bilan.
Art. 23. Sur le bénéfice net, il est prélevé cinq pour cent (5%) pour la constitution d'un fonds de réserve jusqu'à ce
que celui-ci atteigne dix pour cent (10%) du capital social. Le solde peut être distribué aux associés sur décision de
l'assemblée générale des associés en conformité avec les dispositions ci-après.
Art. 24. Les associés peuvent décider de déclarer et payer des acomptes sur dividendes sur la base d'états de comptes
préparés par le gérant, ou s'il y a lieu, le conseil de gérance démontrant que des fonds suffisants sont disponibles pour la
distribution, il est entendu que le montant à distribuer ne peut pas excéder les bénéfices réalisés entre la fin de la dernière
année comptable augmentée des bénéfices reportés et des réserves distribuables mais diminuée par les pertes reportées
et les sommes à allouer à une réserve établie conformément à la loi, en conformité avec les dispositions ci-après.
Le compte de prime d'émission peut être distribué aux associés sur décision d'une assemblée générale des associés
en conformité avec les dispositions ci-après. L'assemblée générale des associés peut décider d'allouer tout montant de
la prime d'émission à la réserve légale.
Les dividendes déclarés peuvent être payés en toute monnaie choisie par le gérant, ou le cas échéant, le conseil de
gérance et être payés aux endroits et moments pouvant être choisis par le gérant, ou le cas échéant, le conseil de gérance.
Le gérant, ou le cas échéant le conseil de gérance peut fixer un taux final d'échange applicable pour convertir les fonds
de dividendes dans la monnaie de leur paiement. Une dividende déclarée mais non payée sur une part sociale durant cinq
(5) années et non réclamée par la suite par le détenteur de cette part sociale, sera déchu de son droit et retournera à la
Société. Aucun intérêt ne sera payé pour les dividendes déclarées et non revendiquées qui sont détenues par la Société
pour le compte des détenteurs des parts sociales.
En cas d'une déclaration de dividendes, de tels dividendes seront allouées et payées comme suit:
(i) un montant équivalent à zéro virgule vingt-cinq pour cent (0,25%) de la valeur nominale de chaque part sociale est
distribué en parts égales à tous les associés nonobstant leur classe, ensuite
(ii) le surplus du montant total distribué est alloué intégralement aux détenteurs de la dernière classe dans l'ordre
alphabétique inversé (c'est-à-dire premièrement les parts sociales de classe J, ensuite s'il n'existe plus des parts sociales
de classe J, les parts sociales de classe I et ainsi de suite jusqu'à ce que les parts sociales de classe de A reste seules).
F. Dissolution - Liquidation
Art. 25. En cas de dissolution de la Société, la liquidation sera faite par un ou plusieurs liquidateur(s), associé(s) ou
non, nommé(s) par l'assemblée des associés qui fixera leurs pouvoirs et leurs émoluments. Sauf décision contraire le ou
les liquidateur(s) auront les pouvoirs les plus étendus pour la réalisation de l'actif et le paiement du passif de la Société.
Le surplus résultant de la réalisation de l'actif et du paiement du passif sera partagé entre les associés en proportion
des parts sociales détenues dans la Société.
Art. 26. Pour tout ce qui n'est pas réglé par les présents statuts, les associés s'en réfèrent aux dispositions de la loi du
10 août 1915 concernant les sociétés commerciales, telle que modifiée.»
<i>Evaluation des fraisi>
Le montant des frais, dépenses, rémunérations ou charges, sous quelque forme que ce soit, qui incombent à la Société
ou qui sont mis à sa charge en raison de la présente augmentation de capital s'élève à environ EUR 1.200,-.
Dont acte, fait et passé à Luxembourg, même date qu'en tête.
Le notaire soussigné qui comprend et parle l'anglais, constate que sur demande de la personne comparante, le présent
acte est rédigé en langue anglaise suivi d'une version française; sur demande de la même personne comparante et en cas
de divergences entre le texte français et le texte anglais fait foi.
Et après lecture faite et interprétation donnée au mandataire de la comparante, connue du notaire instrumentant par
nom, prénom usuel, état et demeure, ledit mandataire a signé avec Nous notaire le présent acte.
Signé: A. ALDINGER et H. HELLINCKX.
Enregistré à Luxembourg A.C., le 23 avril 2012. Relation: LAC/2012/18579. Reçu soixante-quinze euros (75.-EUR).
<i>Le Receveuri> (signé): I. THILL.
- POUR EXPEDITION CONFORME - Délivrée à la société sur demande.
65113
L
U X E M B O U R G
Luxembourg, le 25 avril 2012.
Référence de publication: 2012048572/574.
(120066700) Déposé au registre de commerce et des sociétés de Luxembourg, le 25 avril 2012.
Sofindex, Société Anonyme.
Siège social: L-1653 Luxembourg, 2, avenue Charles de Gaulle.
R.C.S. Luxembourg B 43.380.
Die Aktionäre werden hiermit zur
ORDENTLICHEN GENERALVERSAMMLUNG
der Gesellschaft eingeladen, die an der Adresse des Gesellschaftssitz, am <i>11. Juni 2012i> um 10.00 Uhr mit folgender
Tagesordnung stattfindet:
<i>Tagesordnung:i>
1. Vorlage des Jahresabschlusses und der Berichte des Verwaltungsrates und des Aufsichtskommissars.
2. Genehmigung des Jahresabschlusses sowie Ergebniszuweisung per 31. Dezember 2011.
3. Beschluss über die Weiterführung der Gesellschaft gemäss Artikel 100 der Gesetzgebung über die Handelsgesell-
schaften.
4. Entlastung des Verwaltungsrates und des Aufsichtskommissars.
5. Neuwahlen.
6. Verschiedenes.
<i>Der Verwaltungsrat.i>
Référence de publication: 2012058577/534/19.
Vahina, Société Anonyme - Société de Gestion de Patrimoine Familial.
Siège social: L-1653 Luxembourg, 2, avenue Charles de Gaulle.
R.C.S. Luxembourg B 78.166.
Messieurs les actionnaires sont priés de bien vouloir assister à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra à l'adresse du siège social, le <i>11 juin 2012i> à 13.30 heures, avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. Présentation des comptes annuels et des rapports du conseil d'administration et du commissaire aux comptes.
2. Approbation des comptes annuels et affectation des résultats au 31 décembre 2011.
3. Décharge à donner aux administrateurs et au commissaire aux comptes.
4. Nominations statutaires
5. Divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012058579/534/16.
BSI-Multinvest SICAV, Société d'Investissement à Capital Variable.
Siège social: L-1855 Luxembourg, 33A, avenue J.F. Kennedy.
R.C.S. Luxembourg B 74.740.
Notice is hereby given to the shareholders that an
EXTRAORDINARY GENERAL MEETING
of the shareholders of BSI Multinvest Sicav (the "Company") will be held at the registered office of the Company at
33A, avenue John F. Kennedy, L-1855 Luxembourg on <i>11 June 2012i> at 11:00 a.m. with the following
<i>Agenda:i>
1. To submit the Company, which was governed (until 1 July 2011) by the provisions of Part I of the law of 20 December
2002 on undertakings for collective investment, to the provisions of Part I of the law of 17 December 2010 on
undertakings for collective investment, implementing Directive 2009/65/EC of the European Parliament and of the
Council of 13 July 2009, and to amend a series of Articles of the Company's articles of incorporation (the "Articles
of Incorporation"), in particular (not exhaustive summary):
- To replace any reference to the law of 20 December 2002 on undertakings for collective investment by references
to the law of 17 December 2010 on undertakings to collective investment;
65114
L
U X E M B O U R G
- To amend Article 4 "Corporate object" (formerly "Purpose") of the Articles of Incorporation so as to read as
follows:
"The exclusive purpose of the Company is to invest the assets available to it in transferable securities and other
assets permitted by law, in accordance with the principle of risk diversification and with the objective to provide
the shareholders with the income from and the results of the management of its assets.
The Company may take any measures or carry out any transactions that it considers appropriate to achieve and
promote this purpose and will do this in the broadest possible sense in accordance with Part I of the law dated 17
December 2010 on undertakings for collective investment, as amended from time to time (the "2010 Law")."
- To insert in Articles 12, 18 and 24 of the Articles of Incorporation specific rules for sub-funds established as a
master/feeder structure;
- To insert a new paragraph in Article 18 of the Articles of Incorporation in order to provide the Company with
the authority to perform cross-sub-fund investments;
- To amend Articles 24 of the Articles of Incorporation in order to adjust mergers and liquidations of sub-funds to
the rules of the 2010 Law.
2. To adjust a series of Articles of the Company's Articles of Incorporation, in particular (not exhaustive summary):
- To allow pooling and co-management of assets of two or more sub-funds and to amend Article 5 Articles of
Incorporation accordingly.
- To amend Article 11 of the Articles of Incorporation in order to allow the adjustments to the net asset value of
share classes if on any trading day the total number of subscription and redemption applications for all share classes
in a sub-fund leads to a net cash in- or outflow (so-called "swing-pricing").
3. To delete the German translation of the Articles of Incorporation and to draw up the Articles of Incorporation or
any amendment thereto henceforth only in English without any translation enclosed.
4. To restate the Articles of Incorporation as a whole in order to reflect the foregoing.
5. Miscellaneous.
The full text of the revised Articles of Incorporation is available to shareholders upon request at the registered office
of the Company 33A, avenue John F. Kennedy, L-1855 Luxembourg.
These resolutions require a quorum of 50% of the Company's capital to be present or represented and a majority of
2/3 of the votes cast in order to pass the resolution.
At the extraordinary shareholders' meeting, each share entitles to one vote.
Holders of bearer shares may, where applicable, vote at the meeting: in person by producing at the meeting a certificate
of deposit issued by the Custodian Bank, UBS (Luxembourg) S.A, which will be issued to them against deposit of their
share certificates. The share certificates must be deposited with UBS (Luxembourg) S.A. at the latest on 6 June 2012.
In order to be admitted to the meeting, please send a notice in this respect by fax at least five (5) days in advance of
the extraordinary general meeting to UBS Fund Services (Luxembourg) S.A., fax number +352 - 44 10 10 - 6249.
If you cannot attend this meeting and if you want to be represented, please return a proxy, dated and signed to UBS
Fund Services (Luxembourg) S.A. 33A avenue J.F. Kennedy, L-1855 Luxemburg, by fax followed by mail until 6 June 2012,
fax number +352 - 44 10 10 - 6249. Proxy forms may be obtained by simple request at the same address.
<i>By order of the Board of Directors.i>
Référence de publication: 2012059122/755/56.
ALVA Luxembourg S.A., Société Anonyme.
Siège social: L-2157 Luxembourg, 8, rue 1900.
R.C.S. Luxembourg B 131.956.
Les Actionnaires sont priés d'assister à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>11 juin 2012i> à 17.00 heures à L-2157 Luxembourg, 8, rue Mil Neuf Cents, avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. Rapports du Conseil d'Administration et du Commissaire aux Comptes;
2. Approbation des bilan et compte de Profits et Pertes au 31/10/2011;
3. Affectation du résultat;
4. Délibération conformément à l'article 100 de la loi fondamentale sur les sociétés commerciales telle que modifiée
(pertes cumulées dépassant les 3/4 du capital social);
5. Décharge aux administrateurs et Commissaires aux Comptes;
6. Divers.
Les formalités à accomplir pour l'accès à l'assemblée générale sont visées à l'article 26 des statuts.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012058589/19.
65115
L
U X E M B O U R G
ALVA Luxembourg S.A., Société Anonyme.
Siège social: L-2157 Luxembourg, 8, rue 1900.
R.C.S. Luxembourg B 131.956.
Les Actionnaires sont priés d'assister à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>11 juin 2012i> à 16.00 heures à L-2157 Luxembourg, 8, rue Mil Neuf Cents, avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. Rapports du Conseil d'Administration et du Commissaire aux Comptes;
2. Approbation des bilan et compte de Profits et Pertes au 31/10/2010;
3. Affectation du résultat;
4. Délibération conformément à l'article 100 de la loi fondamentale sur les sociétés commerciales telle que modifiée
(pertes cumulées dépassant les 3/4 du capital social);
5. Décharge aux administrateurs et Commissaires aux Comptes;
6. Divers.
Les formalités à accomplir pour l'accès à l'assemblée générale sont visées à l'article 26 des statuts.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012058590/19.
Sanguine Investments S.A., Société Anonyme.
Siège social: L-1511 Luxembourg, 121, avenue de la Faïencerie.
R.C.S. Luxembourg B 155.319.
The shareholders are kindly invited to attend in person or by proxy the:
ANNUAL GENERAL MEETING
To be held on <i>11 June 2012i> at 10:00 a.m. at the registered office with the following agenda:
<i>Agenda:i>
1. Presentation of the reports of the board of directors and of the statutory auditor for the financial year ending as
at 31 December 2011.
2. Approval of the financial statements for the financial year ending as at 31 December 2011.
3. Allocation of results for the financial year ending as at 31 December 2011.
4. Discharge to be granted to the board of directors.
5. Discharge to be granted to the statutory auditor.
6. Miscellaneous.
<i>The Board of Directors.i>
Référence de publication: 2012058596/18.
Stratège S.A., Société Anonyme.
Siège social: L-2241 Luxembourg, 4, rue Tony Neuman.
R.C.S. Luxembourg B 43.308.
Messieurs les actionnaires sont priés d'assister à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>11.06.2012i> à 17H00 au 4, rue Tony Neuman, L-2241 Luxembourg et qui aura pour ordre du jour:
<i>Ordre du jour:i>
- rapports du Conseil d'Administration et du Commissaire aux Comptes
- approbation du bilan et du compte pertes et profits arrêtés au 31.12.2011
- affectation du résultat
- quitus aux Administrateurs et au Commissaire aux comptes
- nominations statutaires
- divers
<i>Le Conseil d'Administration.i>
Référence de publication: 2012059190/560/17.
65116
L
U X E M B O U R G
Transair S.A. - SPF, Société Anonyme - Société de Gestion de Patrimoine Familial.
Siège social: L-1116 Luxembourg, 6, rue Adolphe.
R.C.S. Luxembourg B 21.505.
Les actionnaires sont priés d'assister à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra au siège social 6, rue Adolphe, L-1116 Luxembourg, le <i>13 juin 2012i> à 10.30 heures, pour délibérer sur
l'ordre du jour conçu comme suit:
<i>Ordre du jour:i>
1. Présentation des comptes annuels, du rapport du conseil d'administration et du rapport du commissaire aux comp-
tes pour l'exercice clos au 31 décembre 2011,
2. Approbation des comptes annuels au 31 décembre 2011 et affectation du résultat,
3. Décharge à donner aux administrateurs et au commissaire aux comptes,
4. Nominations statutaires,
5. Décision à prendre en vertu de l'article 100 de la loi sur les sociétés commerciales,
6. Divers.
<i>Le Conseil d'administration.i>
Référence de publication: 2012059104/833/19.
P.B.I., Procédés et Brevets Industriels S.A., Société Anonyme Soparfi.
Siège social: L-2241 Luxembourg, 4, rue Tony Neuman.
R.C.S. Luxembourg B 6.128.
Messieurs les actionnaires sont priés d'assister à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le <i>12.06.2012i> à 14H00 au 4, rue Tony Neuman L-2241 Luxembourg et qui aura pour ordre du jour:
<i>Ordre du jour:i>
- rapports du Conseil d'Administration et du Commissaire aux Comptes
- approbation du bilan et du compte pertes et profits arrêtés au 31.12.2011
- affectation du résultat
- quitus aux Administrateurs et au Commissaire aux comptes
- divers
<i>Le Conseil d'Administration.i>
Référence de publication: 2012059187/560/16.
Allianz Global Investors Fund II, Société d'Investissement à Capital Variable.
Siège social: L-2633 Senningerberg, 6A, route de Trèves.
R.C.S. Luxembourg B 117.659.
Hiermit wird mitgeteilt, dass die
JAHRESHAUPTVERSAMMLUNG
der Anteilinhaber der Allianz Global Investors Fund II SICAV ("die Gesellschaft") am <i>12. Juni 2012i> um 11:15 Uhr MESZ
am Gesellschaftssitz 6A, route de Trèves in 2633 Senningerberg, Luxemburg, stattfinden wird, um die folgenden Tage-
sordnungspunkte zu erörtern und darüber abzustimmen:
<i>Tagesordnung:i>
1. Genehmigung der Berichte des Verwaltungsrats und der Abschlussprüfer sowie Verabschiedung des Jahresabs-
chlusses und der Verwendung der Erträge (ggf.) für das Geschäftsjahr bis 31. Dezember 2011.
2. Entlastung des Verwaltungsrats von seiner Verantwortung für alle Maßnahmen, die im Rahmen seines Mandates
während des Geschäftsjahres bis 31. Dezember 2011 ergriffen wurden.
3. Wiederwahl der Herren Jean-Christoph Arntz und Daniel Lehmann als Verwaltungsratsmitglieder.
4. Ko-Optierung von Herrn Mathias Müller als Verwaltungsratsmitglied.
5. Wiederwahl von PricewaterhouseCoopers, S.à r.l., Luxemburg, zum Abschlussprüfer.
6. Beschluss über sonstige Angelegenheiten, die ordnungsgemäß auf der Versammlung vorgebracht werden.
65117
L
U X E M B O U R G
<i>Abstimmung:i>
Die Beschlüsse auf der Tagesordnung können ohne Quorum mit einfacher Mehrheit der abgegebenen Stimmen gefasst
werden. Das Quorum sowie die Mehrheitsverhältnisse im Verhältnis zu den ausstehenden Anteilen werden am 7. Juni
2012 per 24:00 Uhr MESZ ("Record Date") bestimmt.
<i>Abstimmungsregelung:i>
Um an der Versammlung teilnehmen und dort abstimmen zu können, müssen Anteilinhaber der Transferstelle RBC
Dexia Investor Services Bank S.A., Domiciliary Services, 14, Porte de France, 4360 Esch-sur-Alzette, Luxemburg bis
spätestens 8. Juni 2012 um 11:00 Uhr MESZ eine Bescheinigung ihrer Depotbank oder ihres Finanzinstituts vorlegen, aus
der die Anzahl der Anteile hervorgeht, die der Anteilinhaber per Record Date hält.
Alle Anteilinhaber, die zur Teilnahme und Abstimmung berechtigt sind, können einen Stellvertreter beauftragen, der
in ihrem Namen abstimmt. Eine entsprechende Vollmacht ist nur gültig, wenn sie vom Ernennenden ordnungsgemäß
ausgefüllt und unterzeichnet ist oder, wenn der Ernennende eine Körperschaft ist, mit dessen Firmensiegel versehen ist
oder von einem ordnungsgemäß bevollmächtigten Angestellten ausgestellt und bis spätestens 8. Juni 2012 um 11:00 Uhr
MESZ bei der Transferstelle RBC Dexia Investor Services Bank S.A., Domiciliary Services, 14, Porte de France, 4360 Esch-
sur-Alzette, Luxemburg eingegangen ist.
Vollmachtsformulare erhalten registrierte Anteilinhaber bei der Transferstelle RBC Dexia Investor Services Bank S.A.,
Domiciliary Services, 14, Porte de France, 4360 Esch-sur-Alzette, Luxemburg. Eine zum Stellvertreter ernannte Person
muss kein Anteilinhaber der Gesellschaft sein. Durch die Ernennung eines Stellvertreters ist ein Anteilinhaber nicht von
der Teilnahme an der Versammlung ausgeschlossen.
Senningerberg, Mai 2012.
<i>Der Verwaltungsrati> .
Référence de publication: 2012059191/755/40.
Maraton International S.A., Société Anonyme.
Siège social: L-1116 Luxembourg, 6, rue Adolphe.
R.C.S. Luxembourg B 104.318.
Les actionnaires sont priés d'assister à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra au siège social 6, rue Adolphe, L-1116 Luxembourg, le <i>13 juin 2012i> à 11.00 heures, pour délibérer sur
l'ordre du jour conçu comme suit:
<i>Ordre du jour:i>
1. Présentation des comptes annuels, du rapport du conseil d'administration et du rapport du commissaire aux comp-
tes pour l'exercice clos au 31 décembre 2011,
2. Approbation des comptes annuels au 31 décembre 2011 et affectation du résultat,
3. Décharge à donner aux administrateurs et au commissaire aux comptes,
4. Nominations statutaires,
5. Décision à prendre en vertu de l'article 100 de la loi sur les sociétés commerciales,
6. Divers.
<i>Le Conseil d'administration.i>
Référence de publication: 2012059198/833/19.
Commerzbank International Portfolio Management, Société d'Investissement à Capital Variable.
Siège social: L-2633 Senningerberg, 6A, route de Trèves.
R.C.S. Luxembourg B 41.022.
Hiermit wird mitgeteilt, dass die
JAHRESHAUPTVERSAMMLUNG
der Anteilinhaber der Commerzbank International Portfolio Management ("die Gesellschaft") am <i>12. Juni 2012i> um
11:00 Uhr MESZ am Gesellschaftssitz 6A, route de Trèves in L-2633 Senningerberg, Luxemburg, stattfinden wird, um die
folgenden Tagesordnungspunkte zu erörtern und darüber abzustimmen:
<i>Tagesordnung:i>
1. Genehmigung der Berichte des Verwaltungsrats und der Abschlussprüfer sowie Verabschiedung des Jahresabs-
chlusses und der Verwendung der Erträge (ggf.) für das Geschäftsjahr bis 31. Dezember 2011.
2. Entlastung des Verwaltungsrats von seiner Verantwortung für alle Maßnahmen, die im Rahmen seines Mandates
während des Geschäftsjahres bis 31. Dezember 2011 ergriffen wurden.
3. Wiederwahl von Herrn Jean-Christoph Arntz als Verwaltungsratsmitglied.
65118
L
U X E M B O U R G
4. Ko-Optierung von Herrn Falk Fischer sowie von Herrn Oliver Pietsch als Verwaltungsratsmitglieder.
5. Wiederwahl von KPMG Luxemburg S.à r.l. zum Abschlussprüfer.
6. Beschluss über sonstige Angelegenheiten, die ordnungsgemäß auf der Versammlung vorgebracht werden.
<i>Abstimmung:i>
Die Beschlüsse auf der Tagesordnung können ohne Quorum mit einfacher Mehrheit der abgegebenen Stimmen gefasst
werden. Das Quorum sowie die Mehrheitsverhältnisse im Verhältnis zu den ausstehenden Anteilen werden am 7. Juni
2012 per 24:00 Uhr MESZ ("Record Date") bestimmt.
<i>Abstimmungsregelung:i>
Um an der Versammlung teilnehmen und dort abstimmen zu können, müssen Anteilinhaber der Transferstelle RBC
Dexia Investor Services Bank S.A., Domiciliary Services, 14, Porte de France, 4360 Esch-sur-Alzette, Luxemburg bis
spätestens 8. Juni 2012 um 11:00 Uhr MESZ eine Bescheinigung ihrer Depotbank oder ihres Finanzinstituts vorlegen, aus
der die Anzahl der Anteile hervorgeht, die der Anteilinhaber per Record Date hält.
Alle Anteilinhaber, die zur Teilnahme und Abstimmung berechtigt sind, können einen Stellvertreter beauftragen, der
in ihrem Namen abstimmt. Eine entsprechende Vollmacht ist nur gültig, wenn sie vom Ernennenden ordnungsgemäß
ausgefüllt und unterzeichnet ist oder, wenn der Ernennende eine Körperschaft ist, mit dessen Firmensiegel versehen ist
oder von einem ordnungsgemäß bevollmächtigten Angestellten ausgestellt und bis spätestens 8. Juni 2012 um 11:00 Uhr
MESZ bei der Transferstelle RBC Dexia Investor Services Bank S.A., Domiciliary Services, 14, Porte de France, 4360 Esch-
sur-Alzette, Luxemburg eingegangen ist.
Vollmachtsformulare erhalten registrierte Anteilinhaber bei der Transferstelle RBC Dexia Investor Services Bank S.A.,
Domiciliary Services, 14, Porte de France, 4360 Esch-sur-Alzette, Luxemburg. Eine zum Stellvertreter ernannte Person
muss kein Anteilinhaber der Gesellschaft sein. Durch die Ernennung eines Stellvertreters ist ein Anteilinhaber nicht von
der Teilnahme an der Versammlung ausgeschlossen.
Senningerberg, Mai 2012.
<i>Der Verwaltungsrat.i>
Référence de publication: 2012059192/755/40.
Dresdner Euro Money Management, Société d'Investissement à Capital Variable.
Siège social: L-2633 Senningerberg, 6A, route de Trèves.
R.C.S. Luxembourg B 48.370.
Hiermit wird mitgeteilt, dass die
JAHRESHAUPTVERSAMMLUNG
der Anteilinhaber der Dresdner Euro Money Management SICAV ("die Gesellschaft") am <i>12. Juni 2012i> um 10:45 Uhr
MESZ am Gesellschaftssitz 6A, route de Trèves in 2633 Senningerberg, Luxemburg, stattfinden wird, um die folgenden
Tagesordnungspunkte zu erörtern und darüber abzustimmen:
<i>Tagesordnung:i>
1. Genehmigung der Berichte des Verwaltungsrats und der Abschlussprüfer sowie Verabschiedung des Jahresabs-
chlusses und der Verwendung der Erträge (ggf.) für das Geschäftsjahr bis 31. Dezember 2011.
2. Entlastung des Verwaltungsrats von seiner Verantwortung für alle Maßnahmen, die im Rahmen seines Mandates
während des Geschäftsjahres bis 31. Dezember 2011 ergriffen wurden.
3. Wiederwahl der Herren Jean-Christoph Arntz und Daniel Lehmann als Verwaltungsratsmitglieder.
4. Ko-Optierung von Herrn Mathias Müller als Verwaltungsratsmitglied.
5. Wiederwahl von KPMG Luxemburg S.à r.l. zum Abschlussprüfer.
6. Beschluss über sonstige Angelegenheiten, die ordnungsgemäß auf der Versammlung vorgebracht werden.
<i>Abstimmung:i>
Die Beschlüsse auf der Tagesordnung können ohne Quorum mit einfacher Mehrheit der abgegebenen Stimmen gefasst
werden. Das Quorum sowie die Mehrheitsverhältnisse im Verhältnis zu den ausstehenden Anteilen werden am 7. Juni
2012 per 24:00 Uhr MESZ ("Record Date") bestimmt.
<i>Abstimmungsregelung:i>
Um an der Versammlung teilnehmen und dort abstimmen zu können, müssen Anteilinhaber der Transferstelle RBC
Dexia Investor Services Bank S.A., Domiciliary Services, 14, Porte de France, 4360 Esch-sur-Alzette, Luxemburg bis
spätestens 8. Juni 2012 um 11:00 Uhr MESZ eine Bescheinigung ihrer Depotbank oder ihres Finanzinstituts vorlegen, aus
der die Anzahl der Anteile hervorgeht, die der Anteilinhaber per Record Date hält.
Alle Anteilinhaber, die zur Teilnahme und Abstimmung berechtigt sind, können einen Stellvertreter beauftragen, der
in ihrem Namen abstimmt. Eine entsprechende Vollmacht ist nur gültig, wenn sie vom Ernennenden ordnungsgemäß
ausgefüllt und unterzeichnet ist oder, wenn der Ernennende eine Körperschaft ist, mit dessen Firmensiegel versehen ist
oder von einem ordnungsgemäß bevollmächtigten Angestellten ausgestellt und bis spätestens 8. Juni 2012 um 11:00 Uhr
65119
L
U X E M B O U R G
MESZ bei der Transferstelle RBC Dexia Investor Services Bank S.A., Domiciliary Services, 14, Porte de France, 4360 Esch-
sur-Alzette, Luxemburg eingegangen ist.
Vollmachtsformulare erhalten registrierte Anteilinhaber bei der Transferstelle RBC Dexia Investor Services Bank S.A.,
Domiciliary Services, 14, Porte de France, 4360 Esch-sur-Alzette, Luxemburg. Eine zum Stellvertreter ernannte Person
muss kein Anteilinhaber der Gesellschaft sein. Durch die Ernennung eines Stellvertreters ist ein Anteilinhaber nicht von
der Teilnahme an der Versammlung ausgeschlossen.
Senningerberg, Mai 2012.
<i>Der Verwaltungsrat.i>
Référence de publication: 2012059193/755/40.
E.S.A.R. Group S.A., SPF, Société Anonyme - Société de Gestion de Patrimoine Familial.
Siège social: L-1471 Luxembourg, 412F, route d'Esch.
R.C.S. Luxembourg B 163.342.
Les actionnaires sont convoqués par le présent avis à
l'ASSEMBLEE GENERALE STATUTAIRE
qui aura lieu le <i>12 juin 2012i> à 9:00 heures au siège social, avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. Rapport de gestion du Conseil d'Administration et rapport du Commissaire aux Comptes
2. Approbation des comptes annuels et affectation des résultats au 31 décembre 2011
3. Décharge aux Administrateurs et au Commissaire aux Comptes
4. Divers
<i>Le Conseil d'Administration.i>
Référence de publication: 2012059199/795/15.
Bio-Products and Bio-Engineering S.A., SPF, Société Anonyme - Société de Gestion de Patrimoine Fa-
milial.
Siège social: L-1143 Luxembourg, 2BIS, rue Astrid.
R.C.S. Luxembourg B 55.891.
Messieurs les actionnaires sont priés d'assister à
l'ASSEMBLEE GENERALE STATUTAIRE
des actionnaires qui se tiendra le <i>11 juin 2012i> à 11.00 heures au siège social à Luxembourg pour délibérer de l'ordre
du jour suivant:
<i>Ordre du jour:i>
1. Rapport du Conseil d'Administration et du Commissaire aux Comptes
2. Approbation des bilan, compte de pertes et profits et affectation des résultats au 31.12.2011
3. Décharge aux administrateurs et au commissaire aux comptes
4. Divers
<i>Le Conseil d'Administration.i>
Référence de publication: 2012059843/788/17.
Nikko AM Global Umbrella Fund, Société d'Investissement à Capital Variable.
Siège social: L-2557 Luxembourg, 9A, rue Robert Stümper.
R.C.S. Luxembourg B 53.436.
In the year two thousand and twelve, on the fifteenth day of the month of March.
Before us Maître Henri Hellinckx, notary residing in Luxembourg.
Was held an extraordinary general meeting of shareholders (the "Meeting") of NIKKO AM GLOBAL UMBRELLA
FUND (the "Company") a société anonyme with registered office at 9A, rue Robert Stumper, L-2557 Luxembourg,
incorporated by deed of Maître Edmond Schroeder, then notary residing in Mersch, on 15
th
January 1996, published in
the Mémorial C, Recueil des Sociétés et Associations (the "Mémorial"), number 85 on 17
th
February 1996.
The articles of incorporation of the Company (the "Articles") were amended for the last time by deed of Maître Henri
Hellinckx, notary residing in Luxembourg, on 1
st
October 2009, published in the Mémorial under number 2207 of 11
November 2009.
65120
L
U X E M B O U R G
The Meeting was opened under the chairmanship of Ms Cécile Schneider, employée de banque, professionally residing
in Luxembourg (the "Chairman").
The Chairman appointed as secretary Mr Olivier Adrian, employé de banque, professionally residing in Luxembourg.
The Meeting elected as scrutineer Ms Hiroko Murase, employée de banque, professionally residing in Luxembourg.
The bureau of the Meeting (hereafter referred to as the "Bureau") having thus been constituted, the Chairman declared
and requested the notary to state:
I.- The present Meeting has been convened by notices containing the agenda, sent to the holders of shares (all in
registered form) by registered mail on 21
st
February 2012.
II.- That the agenda of the Meeting is the following:
<i>Agendai>
Full restatement of the articles of incorporation of the Company (the "Articles") including principally but not limited
to the amendments as detailed below:
(i) Amendment of Article 3 of the Articles:
- to provide that the Company will be subject to the new law of 17 December 2010 on undertakings for collective
investment implementing Directive 2009/65/EC (UCITS IV) ("the Law") so that Article 3 reads as follows:
" Art. 3. The exclusive object of the Corporation is to place the funds available to it in transferable securities, money
market instruments and other assets permitted to a collective investment undertaking under part I of the law of 17
December 2010 regarding collective investment undertakings, as may be amended from time to time (the «Law»), with
the purpose of spreading investment risks and affording its Shareholders the results of the management of its portfolio.
The Corporation may take any measures and carry out any operation which it may deem useful in the accomplishment
and development of its purpose to the full extent permitted by the Law."
(ii) Amendment of Article 4 of the Articles:
- to provide that if permitted by and under the conditions set forth in Luxembourg laws and regulations, the board of
directors ("the Board") of the Company may transfer the registered office of the Company to any other municipality in
the Grand Duchy of Luxembourg.
(iii) Amendment of Article 6 of the Articles:
- to eliminate issuance of bearer shares.
(iv) Amendment of Article 10 of the Articles:
- to insert a new paragraph to allow the Board to decide to hold the annual general meeting of shareholders at another
date, time or place than those set forth in the Articles to the extent permitted by Luxembourg laws and regulations.
(V) Amendment of Article 11 of the Articles:
- to provide that resolution at a meeting of shareholders will be passed by reference to the votes cast as well as to
precise the requirement for voting forms to be considered as valid;
- to provide that a record date may be used to calculate the quorum and majority requirements applicable to general
meetings of shareholders.
(vi) Amendment of Article 14 of the Articles:
- to allow a director to participate at any meeting of the board of directors by videoconference or telephone conference
or any other means of telecommunication permitting his identification.
(vii) Amendment of Article 16 of the Articles:
- to include OECD member states, Singapore, Brazil, Russia, Indonesia or South Africa as countries which are accep-
table for the Luxembourg supervisory authority for investing 100% of the net asset value of the Company in transferable
securities and money market instruments issued or guaranteed by these countries;
- to provide that the Company may create a master/feeder UCITS sub-fund, convert any existing sub-fund into a
master/feeder UCITS sub-fund or change the master UCITS of any of its feeder UCITS sub-funds, if permitted and in
accordance with Luxembourg laws and regulations;
- to provide that a sub-fund may, in accordance with the provisions of the sales documents, invest in one or more
other sub-funds of the Company.
(viii) Amendment of Article 21 of the Articles:
- to authorise the board of directors to satisfy redemption requests in whole or in part in kind.
(ix) Amendment of Article 22 of the Articles:
- to authorise the board of directors to impose a dilution levy on deals;
- to amend the list of situations where the net asset value of shares may be suspended.
(x) Amendment of Article 23 of the Articles:
- to authorise the board of directors to adjust the net asset value to reflect, among other considerations, any dealing
charges including any dealing spreads, fiscal charges and potential market impact resulting from shareholders' transactions.
65121
L
U X E M B O U R G
(xi) Amendment of Article 26 of the Articles:
- to subject determination of disposition of the results of the Corporation to Class meetings.
(xii) Amendment of Article 29 of the Articles:
- to insert new provisions to the effect that the provisions of the Law will be applicable to mergers.
(xiii) General update of the Articles by amending all the articles.
III.- That the shareholders present or represented, the proxies of the represented shareholders and the number of
their shares are shown on an attendance list, this attendance list, signed by the shareholders, the proxies of the repre-
sented shareholders and by the Bureau, will remain annexed to the present deed to be filed at the same time with the
registration authorities.
The proxies of the represented shareholders, initialled "ne varietur" by the appearing parties will also remain annexed
to the present deed.
IV.- As appears from the said attendance list, out of 6,318,856.21 outstanding shares, 4,648,089.55 shares are present
or represented at the present Meeting, representing more than half of the capital.
V.- As a result of the foregoing, the present Meeting is regularly constituted and may validly decide on the sole item
of the agenda.
After deliberation, the Meeting, by 4,648,088 votes for, 0 votes against and 0 abstentions, takes the following resolution:
<i>Sole resolutioni>
The Meeting resolves the full restatement of the Articles so as to read as follows:
" Art. 1. There exists among the subscribers and all those who may become holders of shares (the "Shares"), a cor-
poration in the form of a "société anonyme" qualifying as a "société d'investissement à capital variable" under the name
of Nikko AM Global Umbrella Fund (the "Corporation").
Art. 2. The Corporation is established for an undetermined period. The Corporation may be dissolved at any moment
by a resolution of the shareholders (the "Shareholders") adopted in the manner required for amendment of these articles
of incorporation (the "Articles of Incorporation").
Art. 3. The exclusive object of the Corporation is to place the funds available to it in transferable securities, money
market instruments and other assets permitted to undertakings for collective investment under part I of the law of 17
December 2010 regarding undertakings for collective investment, as may be amended from time to time (the "Law"),
with the purpose of spreading investment risks and affording its Shareholders the results of the management of its port-
folio.
The Corporation may take any measures and carry out any operation which it may deem useful in the accomplishment
and development of its purpose to the full extent permitted by the Law.
Art. 4. The registered office of the Corporation is established in Luxembourg City, in the Grand-Duchy of Luxembourg.
Wholly owned subsidiaries, branches or other offices may be established either in Luxembourg or abroad by resolution
of the board of directors (together referred to as the "Board" or the "Directors" and individually referred to as a "Di-
rector").
If permitted by and under the conditions set forth in Luxembourg laws and regulations, the Board may transfer the
registered office of the Corporation to any other municipality in the Grand Duchy of Luxembourg.
In the event that the Board in its sole discretion determines that extraordinary political, economic or social develop-
ments have occurred or are imminent that would interfere with the normal activities of the Corporation at its registered
office, or with the ease of communication between such office and persons abroad, the registered office may be tempo-
rarily transferred abroad until the complete cessation of these abnormal circumstances; such temporary measures shall
have no effect on the nationality of the Corporation which, notwithstanding the temporary transfer of its registered office,
will remain a Luxembourg corporation.
Art. 5. The capital of the Corporation shall be represented by Shares of no par value and shall at any time be equal to
the total net assets of the Corporation as defined in Article 23 hereof.
The minimum capital of the Corporation shall be the equivalent in US dollar ("USD") of the minimum prescribed by
the Luxembourg law.
The Board is authorized without limitation to issue further Shares to be fully paid at any time on the basis of the
respective net asset value (the "Net Asset Value" as defined hereinafter) per Share determined in accordance with Article
23 hereof without reserving to the existing Shareholders a preferential right to subscription to the Shares to be issued.
The Board may delegate to any duly authorized Director or officer of the Corporation or to any other duly authorized
person, the duty of accepting subscriptions for delivering and receiving payment for such new Shares, remaining always
within the provisions of the Law.
Such Shares may, as the Board shall determine, be of different classes (which may, as the Board shall determine, be
denominated in different currencies) and the proceeds of the issue of each class of Shares (the "Class of Shares") shall be
invested pursuant to Article 3 hereof in securities, money market instruments or other assets corresponding to such
65122
L
U X E M B O U R G
geographical areas, industrial sectors or monetary zones, or to such specific types of equity or debt securities, or/and
with such specific distribution policy, specific fee structure or specific sales and redemption charge structure as the Board
shall from time to time determine in respect of each Class of Shares. The Board may further decide to create within each
Class of Shares two or more sub-Classes whose assets will be commonly invested pursuant to the specific investment
policy of the Class concerned but where a specific sales and redemption charge structure, fee structure, hedging policy
or other specific features is applied to each sub-Class. For the purpose of determining the capital of the Corporation,
the net assets attributable to each Class shall, if not expressed in USD, be translated into USD and the capital shall be
the total net assets of all the Classes.
Art. 6. Shares in the Corporation are issued in registered form only and are represented by a confirmation advice
issued to the Shareholder or, if the Shareholder so requests, by a Share certificate. If a Shareholder desires that more
than one Share certificate be issued for his Shares, the cost of such additional certificates may be charged to such Sha-
reholder. Share certificates shall be signed by two Directors. Both such signatures may be either manual, or printed, or
by facsimile. However, one of such signatures may be by a person delegated to this effect by the Board. In such latter
case, it shall be manual. The Corporation may issue temporary Share certificates in such form as the Board may from
time to time determine.
Shares shall be issued only upon acceptance of the subscription and subject to payment of the price as set forth in
Article 24 hereof. The subscriber will, without undue delay, obtain delivery of definitive Share certificates or a confirmation
of his Shareholding.
Payments of dividends will be made to Shareholders at their addresses in the register of Shareholders.
All issued Shares of the Corporation shall be inscribed in the register of Shareholders, which shall be kept by the
Corporation or by one or more persons designated therefore by the Corporation and such register shall contain the
name of each holder of registered Shares, his residence or elected domicile so far as notified to the Corporation, the
number and Class of Shares held by him and the amount paid in on each such Share. Every transfer of a Share shall be
entered in the register of Shareholders, and every such entry shall be signed by one or more officers of the Corporation
or by one or more persons designated by the Board.
Transfer of Shares shall be effected (a) if Share certificates have been issued, by inscription of the transfer to be made
by the Corporation upon delivering the certificate or certificates representing such Shares to the Corporation along with
other instruments of transfer satisfactory to the Corporation, and (b) if no Share certificates have been issued by written
declaration of transfer to be inscribed in the register of Shareholders, dated and signed by the transferor and transferee,
or by persons holding suitable powers of attorney to act therefore.
Every registered Shareholder must provide the Corporation with an address to which all notices and announcements
from the Corporation may be sent. Such address will be entered in the register of Shareholders.
In the event that such Shareholder does not provide such address, the Corporation may permit a notice to this effect
to be entered in the register of Shareholders and the Shareholder's address will be deemed to be at the registered office
of the Corporation, or such other address as may be so entered by the Corporation from time to time, until another
address shall be provided to the Corporation by such Shareholder. The Shareholder may, at any time, change his address
as entered in the register of Shareholders by means of a written notification to the Corporation at its registered office,
or at such other address as may be set by the Corporation from time to time.
If payment made by any subscriber results in the issue of a Share fraction, such fraction shall be entered in the register
of Shareholders. It shall not be entitled to vote but shall, to the extent the Corporation shall determine be entitled to a
corresponding fraction of the dividend.
Art. 7. If any Shareholder proves to the satisfaction of the Corporation that his Share certificate has been mislaid or
destroyed, then, at his request, a duplicate Share certificate may be issued under such conditions and guarantees, as the
Corporation may determine. At the issuance of the new Share certificate, on which it shall be recorded that it is a duplicate,
the original Share certificate in place of which the new one has been issued shall become void.
Mutilated Share certificates may be exchanged for new ones by order of the Corporation. The mutilated certificates
shall be delivered to the Corporation and shall be annulled immediately.
The Corporation may, at its election, charge the Shareholder for the costs of a duplicate or of a new Share certificate
and all reasonable expenses undergone by the Corporation in connection with the issuance and registration thereof, or
in connection with the annulment of the old Share certificate.
Art. 8. The Corporation in its discretion may restrict or prevent the ownership of Shares in the Corporation by any
person, firm or corporate body.
More specifically, but not limited to, the Corporation may restrict or prevent the ownership of Shares in the Corpo-
ration by any "U.S. person", as defined hereafter, and for such purposes the Corporation may:
a) decline to issue any Share and decline to register any transfer of a Share, where it appears to it that such registration
or transfer would or might result in beneficial ownership of such Share by a U.S. person;
b) at any time require any person whose name is entered in, or any person seeking to register the transfer of Shares
on, the register of Shareholders to furnish it with any representations and warranties or any information, supported by
65123
L
U X E M B O U R G
affidavit, which it may consider necessary for the purpose of determining whether or not, to what extent and under which
circumstances, beneficial ownership of such Shareholder's Shares rests or will rest in U.S. persons; and
c) where it appears to the Corporation that any U.S. person either alone or in conjunction with any other person is
a beneficial owner of Shares or is in breach of its representations and warranties or fails to make such representations
and warranties as the Board may require, compulsorily purchase from any such Shareholder all of the Shares held by such
Shareholder in the following manner:
1) The Corporation shall serve a notice (hereinafter called the "purchase notice") upon the Shareholder appearing in
the register of Shareholders as the owner of the Shares to be purchased, specifying the Shares to be purchased as aforesaid,
the price to be paid for such Shares, and the place at which the purchase price in respect of such Shares is payable. Any
such notice may be served upon such Shareholder by posting the same in a prepaid registered envelope addressed to
such Shareholder at his last address known to or appearing in the books of the Corporation. The said Shareholder shall
thereupon forthwith be obliged to deliver to the Corporation the Share certificate or certificates representing the Shares
specified in the purchase notice, if any. Immediately after the close of business on the date specified in the purchase notice,
such Shareholder shall cease to be the owner of the Shares specified in such notice and, in the case of registered Shares,
his name shall be removed as to such Shares in the register of Shareholders.
2) The price at which the Shares specified in any purchase notice shall be purchased (hereinafter called "the purchase
price") shall be an amount equal to the per Share Net Asset Value of Shares in the Corporation, determined in accordance
with Article 23 hereof.
3) Payment of the purchase price will be made to the owner of such Shares, except during periods of exchange
restrictions, and will be deposited by the Corporation with a bank in Luxembourg or elsewhere (as specified in the
purchase notice) for payment to such owner upon surrender of the Share certificate or certificates representing the
Shares specified in such notice, if any. Upon deposit of such price as aforesaid no person interested in the Shares specified
in such purchase notice shall have any further interest in such Shares or any of them, or any claim against the Corporation
or its assets in respect thereof, except the right of the Shareholder appearing as the owner thereof to receive the price
so deposited (without interest) from such bank upon effective surrender of the Share certificate or certificates as aforesaid.
4) The exercise by the Corporation of the powers conferred by this Article shall not be questioned or invalidated in
any case on the ground that there was insufficient evidence of ownership of Shares by any person or that the true
ownership of any Shares was otherwise than appeared to the Corporation at the date of any purchase notice, provided
that in such case the said powers were exercised by the Corporation in good faith; and
d) decline to accept the vote of any U.S. person at any meeting of Shareholders of the Corporation. Whenever used
in these Articles of Incorporation, the term "U.S. person" shall mean national, citizen or resident of the United States of
America or of any of its territories or possessions or areas subject to its jurisdiction or persons who are normally resident
therein, including the estate of any such person, or corporations, partnerships, trusts or any other association created
or organised therein.
The Board may restrict the ownership of Shares of certain Classes to institutional investors within the meanings of
Article 174 of the Law ("Institutional Investor(s)"). The Board may, at its discretion, delay the acceptance of any sub-
scription application for Shares of a Class reserved for Institutional Investors until such time as the Corporation has
received sufficient evidence that the applicant qualifies as an Institutional Investor. If it appears at any time that a holder
of Shares of a Class reserved to Institutional Investors is not an Institutional Investor, the Board will convert the relevant
Shares into Shares of a Class which is not restricted to Institutional Investors in which case the investors concerned will
be informed by registered letter (provided that there exists such a Class with similar characteristics) or compulsory
redeem the relevant Shares in accordance with the provisions set forth above in this Article. The Board will refuse to
give effect to any transfer of Shares and consequently refuse for any transfer of Shares to be entered into the register of
Shareholders in circumstances where such transfer would result in a situation where Shares of a Class restricted to
Institutional Investors would, upon such transfer, be held by a person not qualify as an Institutional Investor.
In addition to any liability under applicable law, each Shareholder who does not qualify as an Institutional Investor, and
who holds Shares in a Class restricted to Institutional Investors, shall hold harmless and indemnify the Corporation, the
Board, the other Shareholders of the relevant Class and the Corporation's agent for any damages, losses and expenses
resulting from or connected to such holding in circumstances where the relevant Shareholder had furnished misleading
or untrue documentation or has made misleading or untrue representations to wrongfully establish its status as an Ins-
titutional Investor or has failed to notify the Corporation of its loss of such status.
Art. 9. Any regularly constituted meeting of the Shareholders of the Corporation shall represent the entire body of
Shareholders of the Corporation. It shall have the broadest powers to order, carry out or ratify acts relating to the
operations of the Corporation.
Art. 10. The annual general meeting of Shareholders shall be held, in accordance with Luxembourg law, in Luxembourg
at the registered office of the Corporation, or at such other place in Luxembourg as may be specified in the notice of
meeting, on the second Tuesday of the month of May at 3.00 p.m. If such day is not a bank business day in Luxembourg
(referred to herein as a "Business Day"), the annual general meeting shall be held on the next following Business Day.
65124
L
U X E M B O U R G
The annual general meeting may be held abroad if, in the absolute and final judgment of the Board, exceptional circums-
tances so require.
If permitted by and under the conditions set forth in Luxembourg laws and regulations, the annual general meeting of
Shareholders may be held at a date, time or place other than those set forth in the preceding paragraph, that date, time
or place to be decided by the Board.
Other meetings of Shareholders or Class meetings may be held at such place and time as may be specified in the
respective notices of meeting.
Class meetings may be held to decide on any matters which relate exclusively to such Class. Two or several Classes
may be treated as one single Class if such Classes are affected in the same way by the proposals requiring the approval
of Shareholders of the relevant Classes.
Art. 11. The quorums and time limits required by law shall govern the notice for and conduct of the meetings of
Shareholders of the Corporation, unless otherwise provided herein.
Each Share of whatever Class and regardless of the net asset value per Share within its Class is entitled to one vote.
A Shareholder may act at any meeting of Shareholders by appointing another person as his proxy in writing or by telegram,
telex, telefax or e-mail or any other electronic means, to the extent permitted by applicable law.
Except as otherwise required by law or as otherwise provided herein, resolutions at a meeting of Shareholders duly
convened will be passed by a simple majority of the votes cast; votes shall not include votes attaching to Shares in respect
of which Shareholders have not taken part in the vote or have abstained or have returned a blank or invalid vote.
Under the conditions set forth in Luxembourg laws and regulations, the notice of any general meeting of Shareholders
may provide that the quorum and the majority at this general meeting shall be determined according to the Shares issued
and outstanding at a certain date and time preceding the general meeting (the "Record Date"), whereas the right of a
Shareholder to attend a general meeting of Shareholders and to exercise the voting rights attaching to his Shares shall be
determined by reference to the Shares held by this Shareholder as at the Record Date.
The Board may determine all other conditions that must be fulfilled by Shareholders for them to take part in any
meeting of Shareholders.
Art. 12. Shareholders will meet upon call by the Board, pursuant to notice setting forth the agenda sent in accordance
with applicable laws and regulations to each registered Shareholder at the Shareholder's address in the register of Sha-
reholders.
Art. 13. The Corporation shall be managed by a Board composed of not less than three (3) members; members of the
Board need not be Shareholders of the Corporation.
The Directors shall be elected by the Shareholders at their annual general meeting for a period ending at the next
annual general meeting and until their successors are elected and qualify, provided, however, that a Director may be
removed with or without cause and/or replaced at any time by resolution adopted by the Shareholders.
In the event of a vacancy in the office of Director because of death, retirement or otherwise, the remaining Directors
may meet and may elect, by majority vote, a Director to fill such vacancy until the next meeting of Shareholders.
Art. 14. The Board shall choose from among its members a chairman, and may choose from among its members one
or more vice-chairmen. It may also choose a secretary, who need not be a Director, who shall be responsible for keeping
the minutes of the meetings of the Board and of the Shareholders. The Board shall meet upon call by the chairman, or
two Directors, at the place indicated in the notice of meeting.
The chairman shall preside over all meetings of Shareholders and the Board, but in his absence the Shareholders or
the Board may appoint another Director (and, in respect of Shareholders' meetings, any other person) as chairman pro
tempore by vote of the majority present at any such meeting.
The Board may from time to time appoint the officers of the Corporation, including a general manager, a secretary,
and any assistant general managers, assistant secretaries or other officers considered necessary for the operation and
management of the Corporation. Any such appointment may be revoked at any time by the Board. Officers need not be
Directors or Shareholders of the Corporation. The officers appointed, unless otherwise stipulated in these Articles of
Incorporation, shall have the powers and duties given them by the Board.
Written notice of any meeting of the Board shall be given to all Directors at least twenty-four (24) hours in advance
of the hour set for such meeting, except in circumstances of emergency, in which case the nature of such circumstances
shall be set forth in the notice of meeting. This notice may be waived by the consent in writing or by e-mail or telegram,
telex or telefax of each Director. Separate notice shall not be required for individual meetings held at times and places
prescribed in a schedule previously adopted by resolution of the Board.
The meeting will be duly held without prior notice if all the Directors are present or duly represented.
Any Director may act at any meeting of the Board by appointing another Director as his proxy in writing or by cable,
e-mail, telegram, telex, telefax message, facsimile or any other electronic means capable of evidencing such proxy. Any
Director may attend a meeting of the Board using teleconference means, provided that the Director attending the meeting
can be identified, all persons participating in the meeting can hear and speak to each other, the transmission is performed
65125
L
U X E M B O U R G
on an on-going basis and the Directors can properly deliberate. The participation in a meeting by such means shall
constitute presence in person at the meeting and the meeting is deemed to be held at the registered office of the Company.
The Board may only act at duly convened meetings. Directors may not bind the Corporation by their individual acts,
except as specifically permitted by resolution of the Board.
The Board may deliberate or act validly only if at least a majority of the Directors are present or represented at a
meeting of the Board. Decision shall be taken by a majority of the votes of the Directors present or represented at such
meeting. In the event that in any meeting the number of votes for and against a resolution shall be equal, the chairman
shall have a casting vote.
The Board may delegate its powers to conduct the daily management and affairs of the Corporation and its powers
to carry out acts in furtherance of the corporate policy and purpose, to officers of the Corporation, physical persons or
corporate entities which need not be members of the Board. The Board may also delegate any of its powers, authorities
and discretions to any committee, consisting of such person or persons (whether a member or members of the Board
or not) as it thinks fit, provided that the majority of the members of the committee are Directors of the Corporation
and that no meeting of the committee shall be quorate for the purpose of exercising any of its powers, authorities or
discretions unless a majority of those present are Directors of the Corporation.
Decisions may also be taken in the form of a consent resolution in identical terms which may be signed in one or more
counterparts by all the Directors.
Art. 15. The minutes of any meeting of the Board shall be signed by the chairman or, in his absence, by the chairman
pro tempore who presided over such meeting.
Copies or extracts of such minutes, which may be produced in judicial proceedings or otherwise, shall be signed by
the chairman, by the secretary, or by two Directors.
Art. 16. The Board shall, based upon the principle of spreading of risks, have power to determine the corporate and
investment policy, the currency denomination of each Class and the course of conduct of the management and business
affairs of the Corporation.
The Board shall also determine any restrictions which shall from time to time be applicable to the investments of the
Corporation, in accordance with Part I of the Law.
The Board may decide that investment of the Corporation be made (i) in transferable securities and money market
instruments admitted to or dealt in on a regulated market as defined by the Law, (ii) in transferable securities and money
market instruments dealt in on another market in a member state of the European Union which is regulated, operates
regularly and is recognised and open to the public, (iii) in transferable securities and money market instruments admitted
to official listing on a stock exchange in Eastern and Western Europe, Africa, the American continents, Asia, Australia
and Oceania, or dealt in on another market in the countries referred to above, provided that such market is regulated,
operates regularly and is recognised and open to the public, (iv) in recently issued transferable securities and money
market instruments provided the terms of the issue provide that application be made for admission to official listing in
any of the stock exchanges or other regulated markets referred to above and provided that such admission is secured
within one year of issue, as well as (v) in any other securities, instruments or other assets within the restrictions as shall
be set forth by the Board in compliance with applicable laws and regulations and disclosed in the sales documents of the
Corporation.
The Board of the Corporation may decide to invest up to one hundred percent(100%) of the total net assets of each
Class of Shares of the Corporation in different transferable securities and money market instruments issued or guaranteed
by any member state of the European Union, its local authorities, a non-member state of the European Union, as acceptable
by the Luxembourg supervisory authority and disclosed in the sales documents of the Corporation (including but not
limited to Organisation for Economic Co-Operation and Development member states, Brazil, Singapore, Russia, Indonesia
and South Africa), or public international bodies of which one or more of such member states of the European Union
are members, or by any other member state of the Organisation for Economic Cooperation and Development, provided
that in the case where the Corporation decides to make use of this provision it must hold, on behalf of the Class concerned,
securities from at least six (6) different issues and securities from any one issue may not account for more than thirty
percent (30%) of the total net assets of such Class.
The Board may decide that investments of the Corporation be made in financial derivative instruments, including
equivalent cash settled instruments, dealt in on a regulated market as referred to in the Law and/or financial derivative
instruments dealt in over-the-counter provided that, among others, the underlying consists of instruments covered by
Article 41 (1) of the Law, financial indices, interest rates, foreign exchange rates or currencies, in which the Corporation
may invest according to its investment objectives as disclosed in its sales documents of the Corporation.
The Board may decide that investments of a Class to be made with the aim to replicate stock indices and/or debt
securities indexes to the extent permitted by the Law provided that the relevant index is recognised by the Luxembourg
supervisory authority on the basis that it is sufficiently diversified, represents an adequate benchmark for the market to
which it refers and is published in an appropriate manner.
Any Class of Shares may, to the widest extent permitted by and under the conditions set forth in applicable Luxembourg
laws and regulations, but in accordance with the provisions set forth in the sales documents of the Corporation, subscribe,
65126
L
U X E M B O U R G
acquire and/or hold Shares to be issued or issued by one or more Class of Shares of the Corporation. In such case and
subject to conditions set forth in applicable Luxembourg laws and regulations, the voting rights, if any, attaching to these
Shares are suspended for as long as they are held by the Class of Shares concerned. In addition and for as long as these
Shares are held by a Class of Shares, their value will not be taken into consideration for the calculation of the net assets
of the Corporation for the purposes of verifying the minimum threshold of the net assets imposed by the Law.
The Corporation will not invest more than ten percent (10%) of the net assets of any Class in undertakings for collective
investment as defined in Article 41 (1) (e) of the Law .
Under the conditions set forth in Luxembourg laws and regulations, the Board may nevertheless, at any time it deems
appropriate and to the widest extent permitted by applicable Luxembourg laws and regulations, but in accordance with
the provisions set forth in the sales documents of the Corporation, (i) create any Class of Shares qualifying either as a
feeder undertakings for collective investment in transferable securities ("UCITS") or as a master UCITS, (ii) convert any
existing Class of Shares into a feeder UCITS Class of Shares or (iii) change the master UCITS of any of its feeder UCITS
Class of Shares.
Investments of the Corporation may be made either directly or indirectly through subsidiaries, as the Board may from
time to time decide and to the extent permitted by the Law. When investments of the Corporation are made in the
capital of subsidiary companies which exclusively on its behalf carry on only the business of management, advice or
marketing in the country where the subsidiary is located with regard to the redemption of Shares at the request of
Shareholders, paragraphs (1) and (2) of Article 48 of the Law do not apply.
Any reference in these Articles of Incorporation to "investments" and "assets" shall mean, as appropriate, either
investments made and assets beneficially held directly or investments made and assets beneficially held indirectly through
the aforesaid subsidiaries.
Art. 17. No contract or other transaction between the Corporation and any other corporation or firm shall be affected
or invalidated by the fact that any one or more of the Directors or officers of the Corporation are interested in, or are
directors, associates, officers or employees of such other corporation or firm. Any Director or officer of the Corporation
who serves as a director, officer or employee of any corporation or firm with which the Corporation shall contract or
otherwise engage in business shall not, by reason of such affiliation with such other corporation or firm, be prevented
from considering and voting or acting upon any matters with respect to such contract or other business.
In the event that any Director or officer of the Corporation may have in any transaction an interest conflicting with
the interests of the Corporation, such Director or officer shall make known to the Board such conflicting interest and
shall not consider or vote on any such transaction, and such transaction, and such Director's or officer's interest therein,
shall be reported to the next succeeding meeting of Shareholders.
These rules do not apply when the board of directors votes on transactions which are concluded in the ordinary
course of business at arm's length.
Art. 18. The Corporation shall indemnify any Director or officer, and his heirs, executors and administrators, against
expenses reasonably incurred by him in connection with any action, suit or proceeding to which he may be made a party
by reason of his being or having been a Director or officer of the Corporation or, at its request, of any other corporation
of which the Corporation is a shareholder or creditor and from which he is not entitled to be indemnified, except in
relation to matters as to which he shall be finally adjudged in such action, suit or proceeding to be liable for, fraud or
wilful misconduct; in the event of a settlement, indemnification shall be provided only in connection with such matters
covered by the settlement as to which the Corporation is advised by counsel that the person to be indemnified did not
commit such a breach of duty. The foregoing right of indemnification shall not exclude other rights to which he may be
entitled.
Art. 19. The Corporation will be bound by the joint signatures of any two Directors, by the individual signature of any
duly authorized officer of the Corporation or by the individual signature of any other person to whom authority has been
delegated by the Board.
Art. 20. The Corporation shall appoint an approved statutory auditor ("réviseur d'entreprises agréé") who shall carry
out the duties prescribed by the Law. The approved statutory auditor shall be elected by the annual general meeting of
Shareholders and until its successor is elected.
Art. 21. As is more especially prescribed herein below, the Corporation has the power to redeem its own Shares at
any time within the sole limitations set forth by law.
Any Shareholder may at any time request the redemption of all or part of his Shares by the Corporation. The re-
demption price, except as provided for in the following paragraph, shall be paid not later than ten (10) business days after
the date on which the applicable Net Asset Value was determined and shall be equal to the Net Asset Value for the
relevant Class of Shares as determined in accordance with the provisions of Article 23 hereof less such redemption charge
as the Board may by regulation decide and less such sum as the Directors may consider an appropriate provision for
duties and charges (including stamp and other duties, taxes and governmental charges, brokerage, bank charges, transfer
fees, registration and certification fees and other similar duties and charges) ("dealing charges") which would be incurred
if all the assets held by the Corporation and taken into account for the purpose of the relative valuation were to be
65127
L
U X E M B O U R G
realised at the values attributed to them in such valuation and taking into account any factors which it is, in the opinion
of the Directors acting prudently and in good faith, proper to take into account, such price being rounded down as the
Board may from time to time determine, such rounding to accrue to the benefit of the Corporation.
The Board may, with respect to any Class of Shares of the Corporation, extend the period for payment of redemption
proceeds to such period as shall be necessary to repatriate proceeds of the sale of investments in the event of impediments
due to exchange control regulations or similar constraints in the markets in which a substantial part of the assets attri-
butable to such Class of Shares shall be invested. The Board may also, in respect of any Class of Shares, determine a
notice period required for lodging any redemption request. The specific period for payment of the redemption proceeds
of any Class of Shares of the Corporation and any applicable notice period will be publicized in the sales documents
relating to the sale of such Shares.
With the consent of or upon request of the Shareholder(s) concerned, the Board may (subject to the principle of
equal treatment of Shareholders) satisfy redemption requests in whole or in part in kind by allocating to the redeeming
Shareholders investments from the portfolio in value equal to the Net Asset Value attributable to the Shares to be
redeemed as described in the sales documents of the Corporation. Such redemption will, if required by law or regulation,
be subject to a special audit report by the approved statutory auditor of the Corporation confirming the number, the
denomination and the value of the assets which the Board will have determined to be contributed in counterpart of the
redeemed Shares. The costs for such redemptions in kind, in particular the costs of the special audit report, will be borne
by the Shareholder requesting the redemption in kind or by a third party, unless the Board considers the redemption in
kind in the interest of the Corporation or made to protect the interest of the Shareholders. The nature and type of assets
to be transferred in such case shall be determined on a fair and reasonable basis and without prejudicing the interests of
the other holders of Shares in the relevant Class.
If redemption applications (including conversion applications, if applicable) are received in respect of any single Valuation
Day for redemptions aggregating ten percent (10%) or more of the outstanding Shares of a Class, the Corporation may
decide to delay the calculation of the redemption price of the Shares of that Class until the Corporation has sold the
corresponding assets (which it will endeavour to do without unnecessary delay). In such event, the Corporation shall
calculate the Net Asset Value on the basis of prices at which it sold investments to meet the redemption requests.
Any redemption notice and request must be filed by such Shareholder in written form at the registered office of the
Corporation in Luxembourg or with any other person or entity appointed by the Corporation as its agent for redemption
of Shares, together with the delivery of the certificate or certificates for such Shares in proper form (if issued) and
accompanied by proper evidence of transfer or assignment.
Any request for redemption shall be irrevocable, except in the event of suspension of redemption pursuant to Article
22 hereof. In the absence of revocation, redemption will occur as of the first Valuation Day (as defined hereinafter) after
the end of the suspension.
Shares of the capital stock of the Corporation redeemed, or purchased by the Corporation pursuant to the provisions
of Article 8 hereof, shall be cancelled.
Any Shareholder may request conversion of whole or part of his Shares into Shares of another Class at the respective
Net Asset Values of the Shares of the relevant Classes, adjusted by the relevant dealing charges, and rounded up or down
as the Board may decide, provided that the Board may impose such restrictions as to, inter alia, frequency of conversion,
and may make conversion subject to payment of such charge, as it shall consider to be in the interest of the Corporation
and its Shareholders generally.
The Board may decide from time to time that no redemption or conversion by a single Shareholder may be for an
amount of less than any specific amount as the Board may decide as the minimum.
If a redemption or sale of Shares would reduce the value of the holdings of a single Shareholder of Shares of any one
Class below the minimum amount as set by the Board from time to time or as specified in the sales documents, then
such Shareholder may be deemed, if so decided by the Board from time to time with its sole discretion, to have requested
the redemption of all his Shares of such Class.
Art. 22. For the purpose of determination of the issue, redemption and conversion prices, the Net Asset Value of
Shares in the Corporation shall be determined as to the Shares of each Class of Shares by the Corporation from time to
time, but in no instance less than twice monthly, as the Board by regulation may direct (every such day or time for
determination of Net Asset Value being referred to herein as a "Valuation Day"), provided that in any case where any
Valuation Day would fall on a day observed as a holiday by banks in Luxembourg or in any other place to be determined
by the Board, such Valuation Day shall then be the next Business Day in Luxembourg and/or in any such other places
following such holiday.
A dilution levy may be imposed on deals as specified in the sales documents of the Corporation. Any such dilution levy
should not exceed a certain percentage of the Net Asset Value determined from time to time by the Board and disclosed
in the sales documents of the Corporation. This dilution levy will be calculated taking into account the estimated costs,
expenses and potential impact on security prices that may be incurred to meet redemption and conversion requests.
The Corporation may suspend the determination of the Net Asset Value of Shares of any particular Class and the
issue and redemption of its Shares from its Shareholders as well as conversion from and to Shares of each Class during:
65128
L
U X E M B O U R G
a) any period when any of the principal markets or stock exchanges on which a substantial portion of the investments
of the Corporation attributable to such Class of Shares from time to time are quoted or dealt in is closed otherwise than
for ordinary holidays, or during which dealings therein are restricted or suspended; or
b) the existence of any state of affairs which constitutes an emergency as a result of which disposal or valuation of
assets owned by the Corporation attributable to such Class of Shares would be impracticable or detrimental to the
interests of holders of Shares of such Class; or
c) any disruption in the means of communication normally employed in determining the price or value of any of the
investments of such Class of Shares or the current prices or values on any market or stock exchange in respect of the
assets attributable to such Class of Shares; or
d) any period when the Corporation is unable to repatriate funds for the purpose of making payments on the re-
demption of the Shares of such Class or during which any transfer of funds involved in the realisation or acquisition of
investments or payments due on redemption of Shares cannot in the opinion of the Board be effected at normal rates of
exchange; or
e) if the Corporation or a Class of Shares is being or may be wound-up, on or following the date on which notice is
given of the general meeting of Shareholders at which a resolution to wind-up the Corporation or a Class of Shares is to
be proposed or of the decision of the Board to wind up one or more Classes of Shares, if such a suspension is in the
interest of the Shareholders; or
f) any period when in the opinion of the Board there exist circumstances outside of the control of the Corporation
where it would be impracticable or unfair towards the Shareholders to continue dealing in Shares of any Class of the
Corporation; or
g) where the master UCITS of a feeder Class of Shares temporarily suspends the repurchase, redemption or sub-
scription of its units, whether at its own initiative or at the request of its competent authorities.
Any such suspension shall be publicised, if appropriate, by the Corporation and shall be notified to Shareholders
requesting purchase of their Shares by the Corporation at the time of the filing of the written request for such purchase
as specified in Article 21 hereof.
Such suspension as to any Class of Shares shall have no effect on the calculation of the Net Asset Value, the issue,
redemption and conversion of the Shares of any other Class of Shares.
Art. 23. The Net Asset Value of Shares of each Class of Shares in the Corporation shall be expressed as a per Share
figure in the currency of the relevant Class of Shares and shall be determined in respect of any Valuation Day by dividing
the net assets of the Corporation corresponding to each Class of Shares, being the value of the assets of the Corporation
corresponding to such Class, less its liabilities attributable to such Class at the close of business on such date, by the
number of Shares of the relevant Class then outstanding and by rounding the resulting sum up or down, as determined
by the Board from time to time. The Board may decide, in respect of any Class, for dealing charges (as described in Article
21) to be reflected in the Net Asset Value.
A. The assets of the Corporation shall be deemed to include:
a) all cash on hand or on deposit, including any interest accrued thereon;
b) all bills and demand notes and accounts receivable (including proceeds of securities sold but not delivered);
c) all bonds, money market instruments, time notes, shares, stocks, debenture stocks, units/shares in undertakings for
collective investment, subscription rights, warrants, options and other financial derivative instruments and other invest-
ments and securities owned or contracted for by the Corporation;
d) all stock, stock dividends, cash dividends and cash distributions receivable by the Corporation (provided that the
Corporation may make adjustments with regard to fluctuations in the market value of securities caused by trading ex-
dividends, ex-rights or by similar practices);
e) all interest accrued on any interest-bearing securities owned by the Corporation except to the extent that the same
is included or reflected in the principal amount of such security;
f) the preliminary expenses of the Corporation insofar as the same have not been written off, and
g) all other assets of every kind and nature, including prepaid expenses.
The value of such assets shall be determined as follows:
1) The value of any cash on hand or on deposit, bills and demand notes and accounts receivable, prepaid expenses,
cash dividends and interest declared or accrued as aforesaid and not yet received shall be deemed to be the full amount
thereof, unless in any case the same is unlikely to be paid or received in full, in which case the value thereof shall be
arrived at after making such discount as the Corporation may consider appropriate in such case to reflect the true value
thereof.
2) The value of securities and/or financial derivative instruments which are quoted or dealt in on any stock exchange,
shall be based on the latest available closing price and each security traded on any other organized market shall be valued
in a manner as similar as possible to that provided for quoted securities.
65129
L
U X E M B O U R G
For securities, for which trading on the relevant stock exchanges is thin and secondary market trading is done between
dealers who, as main market makers, offer prices in response to market conditions, the Corporation may decide to value
such securities in line with the prices so established.
3) In the event that any of the securities held in the Corporation's portfolio on the relevant day are not quoted or
dealt in on any stock exchange or other organized market or if, with respect to securities quoted or dealt in on any stock
exchange or dealt in on any other market for which no valuation price is available, or securities for which the quoted
price is not available or not representative of the fair market value of the relevant securities, the value of such securities
will be determined based on the reasonably foreseeable sales price determined prudently and in good faith.
4) Liquid assets and money market instruments may be valued at face value plus any accrued interest.
5) The value of assets denominated in a currency other than the reference currency of a Class shall be determined by
taking into account the last available middle market rate. In that context, account shall be taken of hedging instruments
used to cover foreign exchange risks.
6) The financial derivative instruments which are not listed on any official stock exchange or traded on any other
organised market will be valued in accordance with market practice.
7) Shares or units in underlying open-ended investment funds shall be valued at their last available net asset value
reduced by any applicable charges.
8) In the event that the above mentioned calculation methods are inappropriate or misleading, the Board may adopt
any other appropriate valuation principles for the assets of the Corporation.
9) In circumstances where the interests of the Corporation or its Shareholders so justify (avoidance of market timing
practices, for example), the Board may take any appropriate measures, such as applying a fair value pricing methodology
to adjust the value of the Corporation's assets, as further described in the sales documents of the Corporation.
The Net Asset Value may be adjusted as the Board or its delegate may deem appropriate to reflect, among other
considerations, any dealing charges including any dealing spreads, fiscal charges and potential market impact resulting from
Shareholders' transactions.
B. The liabilities of the Corporation shall be deemed to include:
a) all loans, bills and accounts payable;
b) all accrued or payable administrative expenses (including investment advisory fee, custodian fee and corporate
agents' fees);
c) all known liabilities, present and future, including all matured contractual obligations for payments of money or
property, including the amount of any unpaid dividends declared by the Corporation where the Valuation Day falls on
the record date for determination of the person entitled thereto or is subsequent thereto;
d) an appropriate provision for future taxes based on capital and income to the Valuation Day, as determined from
time to time by the Corporation, and other reserves, if any, authorized and approved by the Board; and
e) all other liabilities of the Corporation of whatever kind and nature, except liabilities represented by Shares in the
Corporation. In determining the amount of such liabilities the Corporation shall take into account all expenses payable
by the Corporation comprising formation expenses, fees payable to its management company, as the case may be, its
investment advisers or investment managers, fees and expenses of accountants, custodian and correspondents, domici-
liary, registrar and transfer agents, any paying agent and permanent representatives in places of registration, any other
agent employed by the Corporation, the remuneration of the Directors and officers of the Corporation and their rea-
sonable out-of-pocket expenses, insurance coverage and reasonable travelling costs in connection with board meetings,
fees for legal or auditing services, promotional, printing, reporting and publishing expenses, including the cost of advertising
or preparing and printing of the prospectuses, simplified prospectuses, explanatory memoranda or registration state-
ments, taxes or governmental charges, and all other operating expenses, including the cost of buying and selling assets,
interest, bank charges and brokerage, postage, telephone and telex. The Corporation may calculate administrative and
other expenses of a regular or recurring nature and on estimated figure for yearly or other periods in advance, and may
accrue the same in equal proportions over any such period.
C. There shall be established a pool of assets for each Class of Shares in the following manner:
a) the proceeds from the issue of each Class of Shares shall be applied in the books of the Corporation to the pool
of assets established for that Class of Shares, and the assets and liabilities and income and expenditure attributable thereto
shall be applied to such pool subject to the provisions of this Article;
b) where any asset is derived from another asset, such derivative asset shall be applied in the books of the Corporation
to the same pool as the assets from which it was derived and on each revaluation of an asset, the increase or diminution
in value shall be applied to the relevant pool;
c) where the Corporation incurs a liability which relates to any asset of a particular pool or to any action taken in
connection with an asset of a particular pool, such liability shall be allocated to the relevant pool.
d) in the case where any asset or liability of the Corporation cannot be considered as being attributable to a particular
pool, such asset or liability shall be equally divided between all the pools or, insofar as justified by the amounts, shall be
allocated to the pools pro rata to the net asset values of the relevant Class of Shares;
65130
L
U X E M B O U R G
e) upon the record date for determination of the person entitled to any dividend declared on any Class of Shares, the
Net Asset Value of such Class of Shares shall be reduced by the amount of such dividends.
If there have been created, as more fully described in Article 5 hereof, within the same Class of Shares two or several
sub-Classes, the allocation rules set out above shall apply, mutatis mutandis, to such sub-Classes.
D. For the purposes of this Article:
a) Shares of the Corporation to be redeemed under Article 21 hereof shall be treated as existing and taken into account
until immediately after the close of business on the Valuation Day referred to in this Article, and from such time and until
paid the price therefore shall be deemed to be a liability of the Corporation;
b) all investments, cash balances and other assets of the Corporation not expressed in the currency in which the Net
Asset Value of any Class is denominated, shall be valued after taking into account the market rate or rates of exchange
in force at the date and time for determination of the asset value of Shares and
c) effect shall be given on any Valuation Day to any purchases or sales of securities contracted for by the Corporation
on such Valuation Day, to the extent practicable.
d) the valuation referred to above shall reflect that the Corporation is charged with all expenses and fees in relation
to the performance under contract or otherwise by agents for asset management, custodial, domiciliary, registrar and
transfer agency, audit, legal and other professional services and with the expenses of financial reporting, notices and
dividend payments to Shareholders, expenses of publishing the offering prices and all other customary administration
services and fiscal charges, if any.
Art. 24. Whenever the Corporation shall offer Shares for subscription, the price per Share at which such Shares shall
be offered and sold, shall be the Net Asset Value as hereinabove defined for the relevant Class of Shares together with
such sum as the Board may consider necessary to represent an appropriate provision for duties and charges (including
stamp and other duties, taxes, governmental charges, brokerage, bank charges, transfer fees, registration and certification
fees and other similar duties and charges) ("dealing charges") which would be incurred if all the assets held by the Cor-
poration and taken into account for the purposes of the relative valuation were to be acquired at the values attributed
to them in such valuation and taking into account any other factors which it is in the opinion of the Board proper to take
into account, plus such commission as the sales documents may provide, such price to be rounded up to the nearest
whole unit of the currency in which the net asset value of the relevant Shares is calculated. Any remuneration to agents
active in the placing of the Shares shall be paid out of such commission. The price so determined shall be payable not
later than seven (7) Business Days after the date on which the application was accepted or within such shorter days as
the Board may determine from time to time or as specified in the relevant sales documents. Such subscription price (not
including the sales commission) may, upon approval of the Board, and subject to all applicable laws, namely with respect
to a special audit report confirming the value of any assets contributed in kind, be paid by contributing to the Corporation
securities acceptable to the Board consistent with the investment policy and investment restrictions of the Corporation.
Art. 25. The accounting year of the Corporation shall begin on the first of January and shall terminate on the thirty-
first of December of the same year.
The accounts of the Corporation shall be expressed in USD. When there shall be different Classes as provided for in
Article 5 hereof, and if the accounts within such Classes are expressed in different currencies, such accounts shall be
translated into USD and added together for the purpose of the determination of the accounts of the Corporation.
Art. 26. The appropriation of the annual results and any other distributions shall be determined by the annual general
meeting upon proposal by the Board.
Class meetings shall, upon proposal from the Board and within the limits provided by the Luxembourg law, determine
how the results of the Corporation shall be disposed of, and may from time to time declare, or authorise the Board to
declare, distributions.
For any Share Class or Classes entitled to distributions, the Board may decide to pay interim dividends in compliance
with the conditions set forth by the Luxembourg law. The annual general meeting shall ratify any interim dividends resolved
by the Board.
No distribution may be made if as a result thereof the capital of the Corporation became less than the minimum
prescribed by law.
The dividends declared will normally be paid in the currency in which the relevant Class of Shares is expressed or, in
exceptional circumstances, in such other currency as selected by the Board and may be paid at such places and times as
may be determined by the Board.
Dividends may further, in respect of any Class of Shares, include an allocation from an equalization account which may
be maintained in respect of any such Class and which, in such event, will, in respect of such Class be credited upon issue
of Shares and debited upon redemption of Shares, in an amount calculated by reference to the accrued income attributable
to such Shares.
Art. 27. The Corporation shall enter into a custodian agreement with a bank which shall satisfy the requirements of
the law regarding collective investment undertakings (the "Custodian"). All securities and cash of the Corporation are to
65131
L
U X E M B O U R G
be held by or to the order of the Custodian who shall assume towards the Corporation and its Shareholders the res-
ponsibilities provided by law.
In the event of the Custodian desiring to retire the Board shall use their best endeavours to find a corporation to act
as custodian and upon doing so the Directors shall appoint such corporation to be custodian in place of the retiring
Custodian. The Directors may terminate the appointment of the Custodian, but shall not remove the Custodian unless
and until a successor custodian shall have been appointed in accordance with this provision to act in the place thereof.
Art. 28. For the management of the assets of the Corporation and assist it with respect to its portfolio selection, the
Corporation shall enter into investment advisory agreements with undertakings which are authorised or registered for
the purpose of asset management and are subject to prudential supervision.
Alternatively, the Corporation may enter into a management company services agreement with a management com-
pany authorised under chapter 15 of the Law (the "Management Company") pursuant to which it designates such
Management Company to supply the Corporation with investment management, administration and marketing services.
Art. 29. In the event of a dissolution of the Corporation, liquidation shall be carried out by one or several liquidators
(who may be physical persons or legal entities) named by the meeting of Shareholders effecting such dissolution and which
shall determine their powers and their compensation. The net proceeds of liquidation corresponding to each Class of
Shares shall be distributed by the liquidators to the holders of Shares of each Class in proportion of their holding of Shares
in such Class.
The Board of the Corporation has the discretionary power to liquidate one Class of Shares if the net assets of such
Class fall below or do not reach an amount determined by the Board to be the minimum level for such Class to be
operated in an economically efficient manner or if a change in the economic or political situation relating to the Class
concerned would justify such liquidation. The decision of the liquidation will be published by the Corporation prior to
the effective date of the liquidation and the publication will indicate the reasons for, and the procedures of, the liquidation
operations. Unless the Board otherwise decides in the interests of, or to keep equal treatment between the Shareholders,
the Shareholders of the Class concerned may continue to request redemption or conversion of their Shares. Assets which
could not be distributed to their beneficiaries upon the close of the liquidation of the Class will be deposited at the Caisse
de Consignation in Luxembourg. If not claimed, they shall be forfeited in accordance with Luxembourg law. The Board
may also decide to amalgamate different series of the same Class after a simple notification to the Shareholders concerned.
The Board may decide to merge one Class into another Class or to contribute one or more Classes to another
undertaking for collective investment registered pursuant to Part I of the Law or another UCITS legislation.
The Board may decide to submit the decision for the merger to the meeting of Shareholders of the Class concerned.
In the latter case, no quorum is required for this meeting and the decision for the merger is taken by a simple majority
of the votes cast. In the case of a merger of a Class of Shares where, as a result, the Corporation ceases to exist, the
merger shall, notwithstanding the foregoing, be decided by a meeting of Shareholders resolving in accordance with the
quorum and majority requirements for the amendment of the Articles of Incorporation.
The general meeting of Shareholders of a Class, resolving with a simple majority of the Shares represented, may
consolidate or split the Shares of such Class.
Art. 30. These Articles of Incorporation may be amended from time to time by a meeting of Shareholders, subject to
the quorum and voting requirements provided by the laws of Luxembourg.
Art. 31. All matters not governed by these Articles of Incorporation shall be determined in accordance with the law
of 10 August 1915 on commercial companies (as amended) and the Law."
The Meeting noted that the French translation of the Articles is not required anymore in accordance with article 26
(2) of the law of 17 December 2010 on undertakings for collective investment and that therefore no French translation
of the Articles will follow the English version.
There being no further business on the agenda, the Meeting is thereupon closed.
The undersigned notary who understands and speaks English, states herewith that on request of the above appearing
persons, the present deed is worded in English.
Whereof, the present notarial deed was drawn up in Luxembourg on the day named at the beginning of this document.
The document having been read to the Meeting, the members of the Bureau, all of whom are known to the notary by
their names, civil status and residences, signed together with us, the Notary, the present original deed.
Signé: C. SCHNEIDER, O. ADRIAN, H. MURASE et H. HELLINCKX.
Enregistré à Luxembourg A.C., le 20 mars 2012. Relation: LAC/2012/12771. Reçu soixante-quinze euros (75.- EUR)
<i>Le Receveuri> (signé): I. THILL.
- POUR EXPEDITION CONFORME - délivrée à la société sur demande.
Luxembourg, le 18 avril 2012.
Référence de publication: 2012047845/701.
(120064321) Déposé au registre de commerce et des sociétés de Luxembourg, le 23 avril 2012.
65132
L
U X E M B O U R G
Gofinco S.A. - SPF, Société Anonyme - Société de Gestion de Patrimoine Familial.
Siège social: L-1724 Luxembourg, 9B, boulevard du Prince Henri.
R.C.S. Luxembourg B 69.850.
Messieurs les actionnaires de la Société Anonyme GOFINCO S.A. - SPF sont priés d'assister à
l'ASSEMBLEE GENERALE ORDINAIRE
qui se tiendra le lundi, <i>11 juin 2012i> à 11.00 heures au siège social de la société à Luxembourg, 9b, boulevard du Prince
Henri.
<i>Ordre du jour:i>
1. Rapports du Conseil d'Administration et du Commissaire aux Comptes.
2. Approbation des comptes annuels et affectation des résultats au 31.12.2011.
3. Décharge à donner aux Administrateurs et au Commissaire aux Comptes.
4. Divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012059855/750/16.
E.M.E.A. Management Services S.A., Société Anonyme.
Siège social: L-1611 Luxembourg, 65, avenue de la Gare.
R.C.S. Luxembourg B 72.799.
Messieurs les actionnaires sont convoqués par le présent avis à
l'ASSEMBLEE GENERALE STATUTAIRE
qui aura lieu lundi <i>11 juin 2012i> à 10:00 heures au siège social de la société, avec l'ordre du jour suivant:
<i>Ordre du jour:i>
1. Approbation des comptes annuels et affectation des résultats au 31/12/2011.
2. Approbation du rapport du commissaire aux comptes.
3. Décharge à donner aux administrateurs et au commissaire aux comptes.
4. Divers.
<i>Le Conseil d'Administration.i>
Référence de publication: 2012059850/1267/15.
CAIVS S.C.A. SICAR, Société en Commandite par Actions sous la forme d'une Société d'Investissement
en Capital à Risque,
(anc. Crédit Agricole Israël Venture Sélection 1 S.C.A. SICAR).
Siège social: L-2520 Luxembourg, 5, allée Scheffer.
R.C.S. Luxembourg B 139.632.
L’an deux mille douze, le vingt-neuf février.
Par-devant Nous Maître Martine SCHAEFFER, notaire de résidence à Luxembourg.
S’est tenue une assemblée générale extraordinaire des actionnaires (l’Assemblée) de Crédit Agricole Israël Venture
Sélection 1 S.C.A., SICAR, une société en commandite par actions sous la forme d’une société d’investissement en capital
à risque selon la loi luxembourgeoise du 15 juin 2004, telle que modifiée, ayant son siège social au 5, allée Scheffer, L-2520
Luxembourg, enregistrée au Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 139.632, constituée
suivant acte du notaire instrumentaire, en date du 17 juin 2008, publié au Mémorial C, Recueil des Sociétés et Associations,
numéro 1708, en date du 11 juillet 2008 (la Société). Les statuts de la Société ont été modifiés en dernier lieu suivant
acte reçu par Maître Paul DECKER, notaire de résidence à Luxembourg, en date du 29 juin 2011, publié au Mémorial C,
Recueil des Sociétés et Associations, numéro 2116 du 9 septembre 2011.
L’Assemblée est présidée par Madame Céline Parmentier, employée, de résidence professionnelle à Luxembourg.
La présidente nomme Monsieur Matthieu BARO, employé, de résidence professionnelle à Luxembourg, en tant que
secrétaire de l’Assemblée.
L’Assemblée choisit Madame Marie BERNOT, employée, de résidence professionnelle à Luxembourg en tant que
scrutatrice de l’Assemblée (la présidente, le secrétaire et le scrutateur sont ensemble désignés comme le Bureau de
l’Assemblée).
Le Bureau ayant ainsi été constitué, Madame le Président déclare et demande au notaire d’acter:
65133
L
U X E M B O U R G
I. Les actionnaires représentés à l’Assemblée et le nombre d’actions qu’ils détiennent sont indiqués sur une liste de
présence. Cette liste ainsi que les procurations, après avoir été signée «ne varietur» par les comparantes et le notaire
instrumentant, resteront annexées au présent acte pour être enregistrées en même temps auprès des autorités de l’en-
registrement.
II. Que la Société a émis uniquement des actions nominatives et que selon la loi luxembourgeoise sur les sociétés
commerciales du 10 août 1915, article 70, alinéas 4 et 5, tels que modifiés, les convocations à la présente assemblée
générale extraordinaire, ont été faites par lettre recommandées en date du 20 février 2012.
Les preuves de convocation par lettre recommandée ont été soumises au bureau de l’assemblée.
III. L’ordre du jour de l’Assemblée est le suivant:
1. Décision de procéder au changement de nom de la Société en «CAIVS S.C.A. SICAR»;
2. Décision de modifier l'article 1.1. des statuts de la Société pour y refléter le changement de nom de la Société;
3. Divers.
IV. La liste de présence montre que sur les trois cent cinquante-sept mille six cent deux (357.602) actions en circulation,
trois cent cinquante-sept mille six cent une actions (357.601) sont présentes à la présente Assemblée (99,99%) de sorte
que l’Assemblée peut valablement décider sur toutes les questions de l’ordre du jour qui sont connues par les actionnaires.
Ces faits ayant été exposés et reconnus comme vrais par l’Assemblée, l’Assemblée, dûment représentée, décide una-
nimement comme suit:
<i>Première et unique résolutioni>
L’Assemblée décide de changer la dénomination sociale de la Société en «CAIVS S.C.A. SICAR» avec effet immédiat.
En conséquence, l'article 1.1. des statuts est modifié comme suit:
« Art. 1
er
. Dénomination et Forme.
1.1. Il est formé entre les souscripteurs et tous ceux qui deviendront propriétaires par la suite des actions ci-après
crées, une société en commandite par actions sous la dénomination de «CAIVS S.C.A. SICAR» (la Société), qui sera
gouvernée par la loi du 15 juin 2004 sur les sociétés d’investissement en capital à risque (la Loi SICAR) ainsi que par les
présents statuts (les Statuts).»
Plus rien ne figurant à l’ordre du jour, l’Assemblée est terminée.
<i>Evaluation des fraisi>
Le montant des frais, dépenses, rémunérations et charges, de quelque nature que ce soit, qui incomberont à la Société
ou qui seront mis à sa charge en raison du présent acte est estimé approximativement à la somme de mille cents euros
(1.100,- EUR).
Dont acte, fait et passé à Luxembourg, date qu'en tête des présentes.
Et après lecture faite et interprétation donnée aux mandataires des parties comparantes, ceux-ci ont signé le présent
acte avec le notaire.
Signé: C. Parmentier, M. Baro, M. Bernot et M. Schaeffer.
Enregistré à Luxembourg Actes Civils, le 2 mars 2012. Relation: LAC/2012/9834. Reçu soixante-quinze euros (EUR
75,-).
<i>Le Receveur ff.i> (signé): Carole FRISING.
POUR EXPEDITION CONFORME, délivrée à la demande de la prédite société, aux fins d’inscription au Registre de
Commerce.
Luxembourg, le 27 avril 2012.
Référence de publication: 2012049683/66.
(120068424) Déposé au registre de commerce et des sociétés de Luxembourg, le 27 avril 2012.
Hydre Éditions S.à r.l., Société à responsabilité limitée.
Siège social: L-8120 Luxembourg, 12, rue Biergerkraiz.
R.C.S. Luxembourg B 168.411.
STATUTS
L'an deux mille douze, le vingt-cinq avril.
Par-devant Maître Blanche MOUTRIER, notaire de résidence à Esch-sur-Alzette.
A comparu:
Monsieur Ian De Toffoli, travailleur intellectuel indépendant, demeurant à 12, rue Biergerkraiz, L-8120 Bridel,
agissant en son nom personnel.
65134
L
U X E M B O U R G
Lequel comparant, a arrêté ainsi qu'il suit les statuts d'une société à responsabilité limitée unipersonnelle à constituer.
Art. 1
er
. Il est formé par les présentes une société à responsabilité limitée unipersonnelle sous la dénomination de:
«Hydre Éditions S.à r.l.».
L'associé unique pourra à tout moment se réunir avec un ou plusieurs associés et les futurs associés pourront également
prendre toutes les mesures nécessaires afin de rétablir le caractère uni-personnel de la société.
Art. 2. Le siège social est établi à Bridel (commune de Kopstal).
Il pourra être transféré en tout autre localité du Grand-Duché de Luxembourg par simple décision de l'associé.
Art. 3. La société a pour objet l’édition et la publication de textes littéraires (avant tout des pièces de théâtre, mais
également des romans, de la poésie, des essais littéraires) inédits ou traduits en langue française, allemande, anglaise ou
luxembourgeoise, de jeunes auteurs luxembourgeois ou étrangers, ainsi que la diffusion et la vente des livres tirés desdits
textes.
Elle peut poser tous les actes se rapportant directement ou indirectement à son objet. Elle peut prêter son concours
et s'intéresser à toute activité similaire à celui-ci, notamment dans les domaines artistique, audiovisuel et numérique,
comme, par exemple, les arts plastiques, la musique, la vidéo ou le film. Elle peut également poser des actes commerciaux
dans le cadre du soutien de son objet social.
En outre, la société pourra exercer toute autre activité commerciale à moins qu’elle ne soit spécialement réglementée.
D’une façon générale, elle pourra faire toutes les opérations commerciales, financières, mobilières et immobilières se
rattachant directement à son objet social ou qui seraient de nature à en faciliter ou développer la réalisation.
Art. 4. La durée de la société est illimitée.
Art. 5. L'année sociale commence le premier janvier et finit le trente et un décembre de chaque année.
Chaque année, le trente et un décembre les comptes annuels sont arrêtés et la gérance dresse inventaire comprenant
l'indication des valeurs actives et passives de la société ainsi qu'un bilan et un compte de pertes et de profits.
Art. 6. Le capital social est fixé à la somme de DOUZE MILLE CINQ CENTS EUROS (EUR 12.500.-), représenté par
CINQ CENTS (500) parts sociales de VINGT-CINQ EUROS (EUR 25.-) chacune.
Art. 7. Chaque part sociale donne droit à une fraction proportionnelle dans l'actif social et dans les bénéfices.
Art. 8.
a) La cession entre vifs:
Tant que la société ne comprendra qu'un associé, celui-ci sera libre de céder tout ou partie des parts à qui il entend.
En présence de plusieurs associés, et pour toutes cessions de parts sociales, les associés bénéficieront d'un droit de
préemption.
b) La transmission pour cause de mort:
Le décès de l'associé unique n'entraîne pas la dissolution de la société. Si l'associé unique n'a laissé aucune disposition
de dernière volonté concernant l'exercice des droits afférents aux parts sociales, lesdits droits seront exercés par les
héritiers et légataires régulièrement saisis ou envoyés en possession, proportionnellement à leurs droits dans la succes-
sion. Jusqu'au partage des-dites parts ou jusqu'à la délivrance de legs portant sur celles-ci.
Pour le cas où il y aurait des parts sociales non proportionnellement partageables, lesdits héritiers et légataires auront
l'obligation pour lesdites parts sociales de désigner un mandataire.
En présence de plusieurs associés, les parts sociales peuvent être transmises pour cause de mort à des non-associés
que moyennant l'agrément des propriétaires des parts sociales représentant les trois quarts des droits appartenant aux
survivants.
Pour le surplus, les articles 189 et 190 de la loi du 10 août 1915 sur les sociétés commerciales, telle que modifiée, sont
applicables.
Art. 9. La société est administrée par un ou plusieurs gérants, associés ou non, choisis par l'associé qui fixe les pouvoirs.
Ils peuvent être à tout moment révoqués par décision de l'associé.
A moins que l'associée n'en décide autrement, le ou les gérants ont les pouvoirs les plus étendus pour agir au nom de
la société en toutes circonstances.
L'associée unique est habilité à instituer des succursales partout, selon qu'il appartiendra, aussi bien dans le Grand-
Duché qu'à l'étranger.
Art. 10. Simples mandataires de la société, le ou les gérants ne contractent en raison de leur fonctions aucune obligation
personnelle relativement à celles-ci, ils ne seront responsables que de l'exécution de leur mandat.
Art. 11. Chaque année, au dernier jour de décembre, il sera dressé un inventaire de l'actif et du passif de la société.
Le bénéfice net constaté, déduction faite des frais généraux, traitements et amortissements, sera réparti de la façon
suivante:
65135
L
U X E M B O U R G
- cinq pour cent (5%) pour la constitution d'un fonds de réserve légal, dans la mesure des dispositions légales,
- le solde restera à la libre disposition de l'associé.
Art. 12. En cas de dissolution de la société, la liquidation sera faite par un ou plusieurs liquidateurs, associés ou non,
désignés par l'associé.
Art. 13. Pour tous les points non prévus expressément dans les présents statuts, la partie s'en réfère aux dispositions
légales.
<i>Disposition transitoirei>
Le premier exercice social commencera le jour de la constitution et se terminera le trente et un décembre deux mille
douze (31.12.2012).
<i>Souscription et libérationi>
Toutes les parts sociales sont souscrites en numéraire par l'associé unique Monsieur Ian De Toffoli, travailleur intel-
lectuel indépendant, demeurant à 12, rue Biergerkraiz, L-8120 Bridel, préqualifié.
L'associé unique déclare que toutes les parts sociales souscrites sont intégralement libérées par des versements en
espèces, de sorte que la somme de DOUZE MILLE CINQ CENTS EUROS (EUR 12.500.-) se trouve dès à présent à la
libre disposition de la société, ainsi qu'il en a été justifié au notaire instrumentaire qui le constate expressément.
<i>Estimation des fraisi>
Le montant des charges, frais, dépenses, ou rémunérations, sous quelque forme que ce soit, qui incombent à la société
ou qui sont mis à sa charge en raison de sa constitution est évalué sans nul préjudice à environ mille euros.
<i>Assemblée générale extraordinairei>
L'associé unique, agissant en lieu et place de l'assemblée générale, prend les résolutions suivantes:
1. Est nommé gérant unique de la société pour une durée indéterminée:
Monsieur Ian De Toffoli, travailleur intellectuel indépendant, né à Luxembourg le 25 juin 1981, demeurant à 12, rue
Biergerkraiz, L-8120 Bridel,
La société est valablement engagée en toutes circonstances par la signature du gérant unique.
2. Le siège social de la société est établi à l'adresse suivante: L-8120 Bridel (Commune de Kopstal), 12, rue Biergerkraiz.
Le notaire instrumentant a rendu attentif le comparant au fait qu'avant toute activité commerciale de la société pré-
sentement fondée, celle-ci doit être en possession d'une autorisation de commerce en bonne et due forme en relation
avec l'objet social, ce qui est expressément reconnu par le comparant.
Dont acte, fait et passé à Esch-sur-Alzette, en l'étude du notaire instrumentaire, date qu'en tête des présentes.
Et après lecture faite et interprétation donnée au comparant, connu du notaire par nom, prénom usuel, état et de-
meure, il a signé avec moi, notaire, la présente minute.
Signé: I. De Toffoli, Moutrier Blanche.
Enregistré à Esch/Alzette Actes Civils, le 26 avril 2012. Relation: EAC/2012/5338. Reçu soixante-quinze euros (75,- €).
<i>Le Receveuri> (signé): Monique HALSDORF.
Pour expédition conforme délivrée aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Esch-sur-Alzette, le 27 avril 2012.
Référence de publication: 2012049814/102.
(120068585) Déposé au registre de commerce et des sociétés de Luxembourg, le 27 avril 2012.
Molitor Luxembourg S.A., Société Anonyme.
Siège social: L-8070 Bertrange, 10B, rue des Mérovingiens.
R.C.S. Luxembourg B 76.179.
Les comptes annuels au 31 décembre 2008 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2012050484/9.
(120069404) Déposé au registre de commerce et des sociétés de Luxembourg, le 30 avril 2012.
Editeur:
Service Central de Législation, 43, boulevard F.-D. Roosevelt, L-2450 Luxembourg
Imprimeur: Association momentanée Imprimerie Centrale / Victor Buck
65136
Allianz Global Investors Fund II
ALVA Luxembourg S.A.
ALVA Luxembourg S.A.
August Lux Holding Company
Banorabe S.A., S.P.F.
Bio-Products and Bio-Engineering S.A., SPF
Blue Lux S.A.
BSI-Multinvest SICAV
CAIVS S.C.A. SICAR
Castle Holding S.A.
Cielo S.A.
Commerzbank International Portfolio Management
Crédit Agricole Israël Venture Sélection 1 S.C.A. SICAR
Desalline S.A.
Donerston Trading S.A.
Dresdner Euro Money Management
D-VB Finapa S.A., SPF
E.M.E.A. Management Services S.A.
E.S.A.R. Group S.A., SPF
European CleanTech I SE
Evermore S.A.
Financière Asturias S.A.
Fortinvest Investments Holding S.A. SPF
Geninvest Group S.A.
Gestielle Investment Sicav
Global Investors
Gofinco S.A. - SPF
Greensoft S.A.
Hydre Éditions S.à r.l.
IFICOM Financial Company S.A.
Locafer S.A.
Maraton International S.A.
Mirambeau S.A.
Molitor Luxembourg S.A.
Nikko AM Global Umbrella Fund
NSV Investments S.A.
POLUNIN Emerging Markets Strategy Funds
Procédés et Brevets Industriels S.A.
Sanguine Investments S.A.
Soclair Commerciale S.A.
Soclair Equipements S.A.
Sofindex
Stratège S.A.
Tideway UCITS Funds
Transair S.A. - SPF
Tschingel S.A.
Vahina
Westray Business S.A.