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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° 375
10 février 2016
SOMMAIRE
ALL STAR Restaurants S.àr.l. . . . . . . . . . . . .
17955
Alzinger S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17954
Art Estate S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .
17954
ASTC Participations S.A. . . . . . . . . . . . . . . . . .
17954
Bacco Capital S.à r.l. . . . . . . . . . . . . . . . . . . . . .
17955
Belle-Ile S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . .
17954
B-Important . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17954
B-Important . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17954
Black Metallic Holdings S.à r.l. . . . . . . . . . . . .
17990
Cafor Holding S.A. . . . . . . . . . . . . . . . . . . . . . .
17990
CaixaBank Wealth SICAV . . . . . . . . . . . . . . . .
17960
Camden Finance S.A. . . . . . . . . . . . . . . . . . . . .
17989
Cotton Connect Global S.à r.l. . . . . . . . . . . . . .
17990
Eastspring Investments . . . . . . . . . . . . . . . . . . .
17976
Equinocse Sàrl . . . . . . . . . . . . . . . . . . . . . . . . . .
17994
Fisc & Consult s.à r.l. . . . . . . . . . . . . . . . . . . . .
18000
Hawi Energy Europe . . . . . . . . . . . . . . . . . . . . .
18000
Helfin S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18000
Hilton PCB S.à r.l. . . . . . . . . . . . . . . . . . . . . . . .
17999
Les Victorines S.à r.l. . . . . . . . . . . . . . . . . . . . . .
17955
Letzebuerger Stad Brauerei LSB S.A. . . . . . . .
17955
Maricopa S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .
17997
MK Luxinvest S.A. . . . . . . . . . . . . . . . . . . . . . .
17996
MM Publishing and Media S.A. . . . . . . . . . . . .
17955
MM Publishing S.A. . . . . . . . . . . . . . . . . . . . . .
17955
Next Luxembourg S.C.Sp . . . . . . . . . . . . . . . . .
17999
Palace Street II . . . . . . . . . . . . . . . . . . . . . . . . . .
17958
Palais de Chine S.à r.l. . . . . . . . . . . . . . . . . . . . .
17956
Palamal Sàrl . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17956
Palek Immo S.A. . . . . . . . . . . . . . . . . . . . . . . . .
17958
Palis Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17992
Pama Solidum S.à r.l. . . . . . . . . . . . . . . . . . . . .
17958
Panker Invest S.à r.l. . . . . . . . . . . . . . . . . . . . . .
17958
Pastificio Bolognese . . . . . . . . . . . . . . . . . . . . . .
17957
Patisserie Délice s.à r.l. . . . . . . . . . . . . . . . . . . .
17957
People Competences S.A. . . . . . . . . . . . . . . . . .
17957
Porta Nova Participations SA . . . . . . . . . . . . . .
17956
Portico Düsseldorf Sàrl . . . . . . . . . . . . . . . . . . .
17956
Portoazul S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .
17957
Presta Meat S.A. . . . . . . . . . . . . . . . . . . . . . . . .
17957
Promotion Yara S.A. . . . . . . . . . . . . . . . . . . . . .
17956
Repco 28 S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .
17959
Repco 31 S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .
17959
Repco 32 S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .
17959
Repco 33 S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .
17959
Repco 34 S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .
17959
Repco 36 S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .
17959
Rio Grande SA/SPF . . . . . . . . . . . . . . . . . . . . . .
17958
Uppernext S.C.Sp . . . . . . . . . . . . . . . . . . . . . . .
17998
17953
L
U X E M B O U R G
Art Estate S.A., Société Anonyme.
Siège social: L-1413 Luxembourg, 3, place Dargent.
R.C.S. Luxembourg B 124.844.
Les comptes annuels au 31 décembre 2014 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: 2015205150/9.
(150230444) Déposé au registre de commerce et des sociétés de Luxembourg, le 21 décembre 2015.
ASTC Participations S.A., Société Anonyme.
Siège social: L-1528 Luxembourg, 1, boulevard de la Foire.
R.C.S. Luxembourg B 145.100.
Les comptes annuels au 31 décembre 204 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: 2015205158/9.
(150231365) Déposé au registre de commerce et des sociétés de Luxembourg, le 21 décembre 2015.
B-Important, Société à responsabilité limitée.
Siège social: L-9991 Weiswampach, 22, Gruuss-Strooss.
R.C.S. Luxembourg B 160.641.
Les comptes annuels au 31/12/2013 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: 2015205170/9.
(150231193) Déposé au registre de commerce et des sociétés de Luxembourg, le 21 décembre 2015.
B-Important, Société à responsabilité limitée.
Siège social: L-9991 Weiswampach, 22, Gruuss-Strooss.
R.C.S. Luxembourg B 160.641.
Les comptes annuels au 31/12/2014 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: 2015205171/9.
(150231198) Déposé au registre de commerce et des sociétés de Luxembourg, le 21 décembre 2015.
Alzinger S.A., Société Anonyme.
Siège social: L-4123 Esch-sur-Alzette, 42, rue du Fossé.
R.C.S. Luxembourg B 109.176.
Les comptes annuels au 31 décembre 2014 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: 2015205137/9.
(150231013) Déposé au registre de commerce et des sociétés de Luxembourg, le 21 décembre 2015.
Belle-Ile S.à r.l., Société à responsabilité limitée.
Siège social: L-1528 Luxembourg, 2, boulevard de la Foire.
R.C.S. Luxembourg B 168.921.
Les comptes annuels au 31 décembre 2014 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: 2015205178/9.
(150230893) Déposé au registre de commerce et des sociétés de Luxembourg, le 21 décembre 2015.
17954
L
U X E M B O U R G
Bacco Capital S.à r.l., Société à responsabilité limitée.
Siège social: L-1330 Luxembourg, 48, boulevard Grande Duchesse-Charlotte.
R.C.S. Luxembourg B 148.372.
Les comptes annuels au 31/12/2014 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.
Luxembourg, le 16 décembre 2015.
Bacco Capital S.à r.l.
Robert van 't Hoeft
<i>Manager Bi>
Référence de publication: 2015205173/13.
(150230508) Déposé au registre de commerce et des sociétés de Luxembourg, le 21 décembre 2015.
ALL STAR Restaurants S.àr.l., Société à responsabilité limitée.
Siège social: L-1541 Luxembourg, 3, boulevard de la Fraternité.
R.C.S. Luxembourg B 59.130.
Les comptes annuels au 31 décembre 2014 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.
Luxembourg, le 17 décembre 2015.
<i>Un mandatairei>
Référence de publication: 2015205130/11.
(150230503) Déposé au registre de commerce et des sociétés de Luxembourg, le 21 décembre 2015.
MM Publishing and Media S.A., Société Anonyme,
(anc. MM Publishing S.A.).
Siège social: L-1618 Luxembourg, 10, rue des Gaulois.
R.C.S. Luxembourg B 95.211.
Les comptes annuels au 31 décembre 2014 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.
Luxembourg.
Référence de publication: 2015204762/10.
(150229802) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 décembre 2015.
Les Victorines S.à r.l., Société à responsabilité limitée.
Siège social: L-1713 Luxembourg, 56, rue de Hamm.
R.C.S. Luxembourg B 179.313.
Les comptes annuels au 31 décembre 2014 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.
Windhof, le 17/12/2015.
Référence de publication: 2015204696/10.
(150230141) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 décembre 2015.
Letzebuerger Stad Brauerei LSB S.A., Société Anonyme.
Siège social: L-1831 Luxembourg, 2, rue de la Tour Jacob.
R.C.S. Luxembourg B 114.762.
Le Bilan au 31 décembre 2013 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Signature.
Référence de publication: 2015204697/10.
(150229592) Déposé au registre de commerce et des sociétés de Luxembourg, le 18 décembre 2015.
17955
L
U X E M B O U R G
Porta Nova Participations SA, Société Anonyme.
Siège social: L-2557 Luxembourg, 9, rue Robert Stümper.
R.C.S. Luxembourg B 18.699.
Les comptes annuels au 31/12/2014 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.
Luxembourg, le 19/12/2015.
G.T. Experts Comptables Sàrl
Luxembourg
Référence de publication: 2015207153/12.
(150232046) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Portico Düsseldorf Sàrl, Société à responsabilité limitée.
Capital social: EUR 12.500,00.
Siège social: L-7257 Walferdange, 2, Millewee.
R.C.S. Luxembourg B 118.395.
Les comptes annuels arrêtés au 31 décembre 2014 de la société 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.
Walferdange.
<i>Un géranti>
Référence de publication: 2015207154/12.
(150232262) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Promotion Yara S.A., Société Anonyme.
Siège social: L-3371 Bergem, 1, Fassburgergronn.
R.C.S. Luxembourg B 190.160.
Les comptes annuels au 31/12/2014 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.
Luxembourg.
Référence de publication: 2015207158/10.
(150231929) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Palais de Chine S.à r.l., Société à responsabilité limitée.
Siège social: L-1449 Luxembourg, 18, rue de l'Eau.
R.C.S. Luxembourg B 24.952.
Les comptes annuels au 31 décembre 2014 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.
Windhof, le 21/12/2015.
Référence de publication: 2015207163/10.
(150232500) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Palamal Sàrl, Société à responsabilité limitée.
Siège social: L-5366 Munsbach, 197, rue Principale.
R.C.S. Luxembourg B 190.149.
Les comptes annuels au 31 DECEMBRE 2014 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.
FIDUCIAIRE CONTINENTALE S.A.
Référence de publication: 2015207164/10.
(150233479) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
17956
L
U X E M B O U R G
Portoazul S.A., Société Anonyme.
Siège social: L-2453 Luxembourg, 19, rue Eugène Ruppert.
R.C.S. Luxembourg B 187.903.
Les comptes annuels au 31 décembre 2014 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.
Extrait sincère et conforme
Portoazul S.A.
Signature
Référence de publication: 2015207155/12.
(150232617) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Presta Meat S.A., Société Anonyme.
Siège social: L-3279 Bettembourg, 10, rue de la Scierie.
R.C.S. Luxembourg B 140.454.
Les comptes annuels au 31/12/2014 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.
Luxembourg, le 19/12/2015.
G.T. Experts Comptables Sàrl
Luxembourg
Référence de publication: 2015207156/12.
(150232050) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Pastificio Bolognese, Société à responsabilité limitée.
Siège social: L-1160 Luxembourg, 12, boulevard d'Avranches.
R.C.S. Luxembourg B 17.696.
Le bilan et l'annexe au bilan au 31/12/2014 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.
Signature.
Référence de publication: 2015207174/10.
(150232019) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Patisserie Délice s.à r.l., Société à responsabilité limitée.
Siège social: L-4540 Differdange, 30, rue Dicks-Lentz.
R.C.S. Luxembourg B 158.957.
Le bilan et l'annexe au bilan au 31/12/2014 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.
Signature.
Référence de publication: 2015207175/10.
(150232018) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
People Competences S.A., Société Anonyme.
Siège social: L-4123 Esch-sur-Alzette, 4, rue du Fossé.
R.C.S. Luxembourg B 84.541.
Les comptes annuels au 31/12/2014 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.
Signature.
Référence de publication: 2015207176/10.
(150232557) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
17957
L
U X E M B O U R G
Palace Street II, Société à responsabilité limitée.
Siège social: L-2763 Luxembourg, 9, rue Sainte Zithe.
R.C.S. Luxembourg B 179.560.
Les comptes annuels au 31 Mars 2015 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.
Antoine Clauzel
<i>Géranti>
Référence de publication: 2015207134/11.
(150233221) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Pama Solidum S.à r.l., Société à responsabilité limitée.
Siège social: L-1461 Luxembourg, 33, rue d'Eich.
R.C.S. Luxembourg B 110.164.
Les comptes annuels au 31 décembre 2014 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.
Signature
<i>Mandatairei>
Référence de publication: 2015207136/11.
(150232702) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Panker Invest S.à r.l., Société à responsabilité limitée unipersonnelle.
Siège social: L-5365 Munsbach, 9, rue Gabriel Lippmann.
R.C.S. Luxembourg B 121.999.
Les comptes annuels au 30 avril 2015 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.
Signature
<i>Un Mandatairei>
Référence de publication: 2015207140/11.
(150233210) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Palek Immo S.A., Société Anonyme Unipersonnelle.
Siège social: L-2430 Luxembourg, 18-20, rue Michel Rodange.
R.C.S. Luxembourg B 121.573.
Les comptes annuels au 31 décembre 2014 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.
Signature.
Référence de publication: 2015207135/10.
(150231934) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Rio Grande SA/SPF, Société Anonyme - Société de Gestion de Patrimoine Familial.
Siège social: L-1528 Luxembourg, 16A, boulevard de la Foire.
R.C.S. Luxembourg B 22.604.
Les comptes annuels au 31 décembre 2014, ainsi que les informations et documents annexes 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.
Luxembourg.
Signature.
Référence de publication: 2015207214/11.
(150232943) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
17958
L
U X E M B O U R G
Repco 28 S.A., Société Anonyme.
Siège social: L-1233 Luxembourg, 2, rue Jean Bertholet.
R.C.S. Luxembourg B 118.329.
Les comptes annuels au 31 décembre 2014 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: 2015207227/9.
(150232642) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Repco 31 S.A., Société Anonyme.
Siège social: L-1233 Luxembourg, 2, rue Jean Bertholet.
R.C.S. Luxembourg B 126.175.
Les comptes annuels au 31 décembre 2014 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: 2015207229/9.
(150232641) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Repco 32 S.A., Société Anonyme.
Siège social: L-1233 Luxembourg, 2, rue Jean Bertholet.
R.C.S. Luxembourg B 126.423.
Les comptes annuels au 31 décembre 2014 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: 2015207231/9.
(150232640) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Repco 33 S.A., Société Anonyme.
Siège social: L-1233 Luxembourg, 2, rue Jean Bertholet.
R.C.S. Luxembourg B 126.174.
Les comptes annuels au 31 décembre 2014 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: 2015207233/9.
(150232740) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Repco 34 S.A., Société Anonyme.
Siège social: L-1233 Luxembourg, 2, rue Jean Bertholet.
R.C.S. Luxembourg B 126.176.
Les comptes annuels au 31 décembre 2014 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: 2015207235/9.
(150232739) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
Repco 36 S.A., Société Anonyme.
Siège social: L-1233 Luxembourg, 2, rue Jean Bertholet.
R.C.S. Luxembourg B 128.235.
Les comptes annuels au 31 décembre 2014 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: 2015207237/9.
(150232738) Déposé au registre de commerce et des sociétés de Luxembourg, le 22 décembre 2015.
17959
L
U X E M B O U R G
CaixaBank Wealth SICAV, Société d'Investissement à Capital Variable.
Siège social: L-1855 Luxembourg, 60, avenue J.F. Kennedy.
R.C.S. Luxembourg B 203.451.
STATUTES
In the year two thousand and sixteen on the twentieth day of January.
Before us, Maître Henri Hellinckx, notary, residing in Luxembourg, Grand-Duchy of Luxembourg.
There appeared:
CaixaBank, S.A., a public limited company (“sociedad anónima”) under the corporate law of Spain, registered in the
Commercial Register of Barcelona, volume 42,657, sheet 33, page B-41232, number 109, having its registered office at
Avenida Diagonal 621, 08028 Barcelona, Spain,
here represented by Antoine LE POAC, jurist, professionally residing in Luxembourg, by virtue of a proxy, given in
Barcelona (Spain), on the fifteenth of January 2016, and
The said proxy, initialled ne varietur by the proxyholder of the appearing party and the notary, shall remain annexed to
this deed to be filed with the registration authorities.
Such appearing party has required the officiating notary to enact the deed of incorporation of a public limited company
(société anonyme) which they wish to incorporate and the articles of incorporation of which shall be as follows:
Title I. Name - Registered office - Duration - Purpose - Definitions
Art. 1. Name. There is hereby established by the sole subscriber and all those who may become owners of shares hereafter
issued (the “Shares”) in the future, a public limited company (“société anonyme”) qualifying as an investment company
with variable share capital (“société d’investissement à capital variable”) under the name of “CaixaBank Wealth
SICAV” (hereinafter the “Company”).
Art. 2. Registered Office.
2.1 The registered office of the Company is established in the city of Luxembourg, Grand Duchy of Luxembourg.
2.2 The board of directors of the Company (the “Board of Directors”) may decide to transfer the registered office of the
Company within the same municipality, or from a municipality to another municipality within the Grand Duchy of Lu-
xembourg, if and to the extent permitted by Luxembourg law and practice relating to commercial companies.
2.3 Branches, subsidiaries or other offices may be established either in the Grand Duchy of Luxembourg or abroad (but
not, in any event in the United States of America, its territories or possessions) by resolution of the Board of Directors.
2.4 In the event that the Board of Directors determines that extraordinary political, economic, military or social deve-
lopments 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 measures shall have no
effect on the nationality of the Company which, notwithstanding the temporary transfer of its registered office, shall remain
a Luxembourg company.
Art. 3. Duration.
3.1 The Company is incorporated for an unlimited period of time.
3.2 It may be dissolved at any time and without cause by a resolution of the general meeting of holders of the Shares
(the “Shareholders”), adopted in the manner required for an amendment of these Articles of Incorporation.
Art. 4. Purpose.
4.1 The exclusive purpose of the Company is to invest the funds available to it in Transferable Securities and other liquid
financial assets permitted by law, with the purpose of spreading investment risks and affording its Shareholders the results
of the management of its assets.
4.2 The Company may take any measures and carry out any transaction which it may deem useful for the fulfilment and
development of its purpose to the largest extent permitted by Part I of the Law of 17 December 2010 on undertakings for
collective investment, as may be amended from time to time (the “UCI Law”).
Art. 5. Definitions. “Articles of Incorporation” means these articles of incorporation of the Company, as amended from
time to time.
“Board of Directors” means the board of directors of the Company, from time to time.
“Business Day” Any day when the banks are fully open in Luxembourg and/or such other place or places and such other
day or days as the Directors may determine and notify to Shareholders in advance.
“Class” / “Class of Shares” is a class of Shares of a Sub-Fund.
“Company” means “CaixaBank Wealth SICAV”.
“Depositary” means any depositary bank as defined under Article 29.1 hereof.
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“Designated Person” means any person to whom a transfer of Shares (legally or beneficially) or by whom a holding of
Shares (legally or beneficially) would or, in the opinion of the Directors, might: be in breach of the law or the requirements
of any country or governmental authority or result in the Company incurring any liability or taxation or suffering any other
disadvantage which the Company may not otherwise have incurred or suffered.
“Director(s)” means the member(s) of the Board of Directors.
“EU” means the European Union.
“EUR” or “Euro” means the legal currency of the European Monetary Union.
“Member State” means a Member State of the European Union. The states that are contracting parties to the Agreement
creating the European Economic Area other than the Member States of the European Union, within the limits set forth by
this Agreement and related acts, are considered as equivalent to Member States of the European Union.
“Money Market Instruments” means instruments normally dealt in on the money market which are liquid, and have a
value which can be accurately determined at any time.
“Net Asset Value per Share” means in relation to each Class of Share of any Sub-Fund, the value per Share determined
in accordance with the provisions set out in the section headed “Calculation of the Net Asset Value per Share” below.
“Other Regulated Market” means any market which is regulated, operates regularly and is recognised and open to the
public, namely a market (i) that meets the following cumulative criteria: liquidity; multilateral order matching (general
matching of bid and ask prices in order to establish a single price); transparency (the circulation of complete information
in order to give clients the possibility of tracking trades, thereby ensuring that their orders are executed on current condi-
tions); (ii) on which the securities are dealt in at a certain fixed frequency, (iii) which is recognised by a State or by a public
authority which has been delegated by that State or by another entity which is recognised by that State or by that public
authority such as a professional association and (iv) on which the securities dealt are accessible to the public.
“Other State” means any State of Europe which is not a Member State and any State of America, Africa, Asia, Australia
and Oceania.
“Prospectus” means the document(s) whereby Shares in the Company are offered to investors.
“Regulated Market” means a regulated market as defined in the EC Parliament and Council Directive 2004/39/EC dated
21 April 2004 on markets in financial instruments, as amended (“Directive 2004/39/EC”).
“Share” means each share within any Class of a Sub-Fund of the Company issued and outstanding from time to time.
“Shareholder” means a holder of Shares.
“Sub-Fund” or “Compartment” means a specific portfolio of assets, held within the Company which is invested in
accordance with a particular investment objective.
“Time” all references to time throughout these Articles of Incorporation shall be references to Luxembourg time, unless
otherwise indicated.
“Transferable Security” means (i) shares in companies and other securities equivalent to shares in companies (“shares”),
(ii) bonds and other forms of securities debt (“debt securities”), and/or (iii) any other negotiable securities which carry the
right to acquire any such transferable securities by subscription or exchange. For the purposes of this definition, the tech-
niques and instruments do not constitute transferable securities.
“UCI(s)” means undertaking(s) for collective investment.
“UCI Law” means the Luxembourg law of 17 December 2010 on undertakings for collective investment, as may be
amended from time to time.
“UCITS Directive” means EC Council Directive 2009/65/EC of 13 July 2009 on the co-ordination of laws, regulations
and administrative provisions relating to undertakings for collective investment in Transferable Securities (“UCITS”), as
may be amended from time to time.
“U.S. Person” has the meaning as disclosed in the Prospectus.
“US-Dollar” or “USD” means the legal currency of the United States of America.
“Dealing Day” means a Business Day for which the Net Asset Value per Share of each Sub-Fund is determined, as
provided for in the Prospectus.
Words importing a masculine gender also include the feminine gender, words importing a singular also include the
plural, and words importing persons or Shareholders also include corporations, partnerships associations and any other
organised group of persons whether incorporated or not.
Title II. Share capital - Shares - Net asset value
Art. 6. Share Capital - Classes of Shares.
6.1 The share capital of the Company shall be represented by fully paid up Shares of no par value and shall at any time
be equal to the total net assets of the Company calculated pursuant to Article 12 hereof. The minimum capital shall be as
provided by the UCI Law, i.e. one million two hundred and fifty thousand Euro (EUR 1,250,000.-). Such minimum capital
must be reached within a period of six (6) months after the date on which the Company has been authorised as a collective
investment undertaking under the UCI Law.
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6.2 The initial issued share capital of the Company is thirty-one thousand Euro (EUR 31,000.-) divided into thirty-one
(31) Shares of no par value.
6.3 The Shares of a Sub-Fund to be issued pursuant to Articles 7 and 8 hereof may, as the Board of Directors shall
determine, be of different Classes. The proceeds of the issue of each Share shall be invested in Transferable Securities of
any kind and any other liquid financial assets permitted by the UCI Law and Luxembourg regulations pursuant to the
investment policy determined by the Board of Directors for a Sub-Fund established in respect of the relevant Shares, subject
to the investment restrictions provided by the UCI Law and Luxembourg regulations or determined by the Board of Di-
rectors.
6.4 The Board of Directors shall establish a portfolio of assets constituting a Sub-Fund within the meaning of Article
181 of the UCI Law for each Class of Shares or for two or more Classes of Shares in the manner described in Article 12.2
III hereof. Each portfolio of assets shall be, as between shareholders thereof invested for the exclusive benefit of the relevant
Sub-Fund. With regard to third parties, in particular towards the Company’s creditors, each Sub-Fund shall be exclusively
responsible for all liabilities attributable to it.
6.5 The Board of Directors may create each Sub-Fund or Class of Shares for an unlimited or limited period of time; in
the latter case, the Board of Directors may, at the expiry of the initial period of time, prorogate the duration of the relevant
Sub-Fund or Class of Shares once or several times. At expiry of the duration of the Sub-Fund or Class of Shares, the
Company shall redeem all the Shares in the relevant Class(es) of Shares, in accordance with the provisions of Article 9
below. At each prorogation of a Sub-Fund or Class of Shares, the Shareholders shall be duly notified.
6.6 The Board of Directors, acting in the best interest of the Company, may decide, in the manner described in the
Prospectus of the Company, that all or part of the assets of two or more Sub-Funds be co-managed.
6.7 For the purpose of determining the share capital of the Company, the net assets attributable to each Sub-Fund shall,
if not expressed in EUR, be converted into EUR and the capital shall be the total aggregate of the net assets of each Sub-
Fund.
Art. 7. Form of Shares.
7.1 The Company shall issue Shares in registered form only.
All issued registered Shares of the Company shall be registered in the register of Shareholders which shall be kept by
the Company or by any entity designated thereto by the Company, and such register shall contain the name of each owner
of registered Shares, his residence or elected domicile as indicated to the Company and the number of registered Shares
held by him.
The inscription of the Shareholder’s name in the register of Shareholders evidences his right of ownership on such
registered Shares. Evidence of such inscription shall be delivered upon request to the Shareholder.
The Share certificates shall be signed by two Directors. Such signatures shall be either manual, or printed, or in facsimile.
The certificates will remain valid even if the list of authorised signatures of the Company is modified. However, one of
such signatures may be made by a person duly authorised thereto by the Board of Directors; in the latter case, it shall be
manual. The Company may issue temporary Share certificates in such form as the Board of Directors may determine.
7.2 Shareholders entitled to receive registered Shares shall provide the Company with an address to which all notices
and announcements may be sent. Such address will also be entered into the register of Shareholders.
In the event that a Shareholder does not provide an address, the Company may permit a notice to this effect to be entered
into the register of Shareholders and the Shareholder’s address will be deemed to be at the registered office of the Company,
or at such other address as may be so entered into by the Company from time to time, until another address shall be provided
to the Company by such Shareholder. A Shareholder may, at any time, change his address as entered into the register of
Shareholders by means of a written notification to the Company at its registered office, or at such other address as may be
set by the Company from time to time.
7.3 If any Shareholder can prove to the satisfaction of the Company that his Share certificate has been mislaid, mutilated
or destroyed, then, at his request, a duplicate Share certificate may be issued under such conditions and guarantees, including
but not restricted to a bond issued by an insurance company, as the Company 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 replacement of which
the new one has been issued shall become void.
Mutilated Share certificates may be cancelled by the Company and replaced by new certificates.
The Company may, at its election, charge to the Shareholder the costs of a duplicate or of a new Share certificate and
all reasonable expenses incurred by the Company in connection with the issue and registration thereof or in connection
with the annulment of the original Share certificate.
7.4 The Company recognises only one single owner per Share. If one or more Shares are jointly owned or if the ownership
of such Share(s) is disputed, all persons claiming a right to such Share(s) have to appoint one single attorney to represent
such Share(s) towards the Company. The failure to appoint such attorney implies a suspension of all rights attached to such
Share(s).
7.5 The Company may decide to issue fractional Shares. Such fractional Shares shall not be entitled to vote, unless the
number is so that they represent an entire Share in which case they confer a voting right, but shall be entitled to participate
in the net assets attributable to the relevant Class of Shares on a pro rata basis.
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Art. 8. Issue of Shares.
8.1 The Board of Directors is authorised without limitation to issue an unlimited number of fully paid up Shares at any
time without reserving to the existing Shareholders a preferential right to subscribe for the Shares to be issued.
8.2 The Board of Directors may impose restrictions on the frequency at which Shares shall be issued in any Sub-Fund
or Class of Shares. The Board of Directors may, in particular, decide that Shares of any Sub-Fund or Class of Shares shall
only be issued during one or more offering periods or at such other periodicity as provided for in the Prospectus.
8.3 Furthermore, the Board of Directors may impose restrictions in relation to the minimum amount of the aggregate
Net Asset Value of Shares to be initially subscribed, the minimum amount of any additional investments and the minimum
of any holding of Shares.
8.4 Whenever the Company offers Shares for subscription, the price per Share at which such Shares are offered after
the initial offer period as described in the Prospectus shall be the Net Asset Value per Share of the relevant Sub-Fund as
determined in compliance with Article 12 hereof for the relevant Dealing Day as may be determined in accordance with
such policy as the Board of Directors may from time to time determine. Unless otherwise provided for in the Prospectus,
such price may be increased by a percentage estimate of costs and expenses to be incurred by the Company when investing
the proceeds of the issue and by applicable sales commissions, as approved from time to time by the Board of Directors.
8.5 The issue price per Share so determined shall be payable within a period as determined by the Board of Directors
as stated in the Prospectus and which shall not exceed ten (10) Business Days after the relevant Dealing Day.
8.6 Where an applicant for Shares fails to pay issue price on subscription, the Board of Directors may cancel the allotment
or, if applicable, redeem the Shares. In this case the applicant may be required to indemnify the Company against any and
all losses, costs or expenses incurred (as conclusively determined by the Board of Directors in its discretion) directly or
indirectly as a result of the applicant’s failure to make timely payment. In computing such loss, account shall be taken,
where appropriate, of any movement in the price of the Shares concerned between allotment and cancellation or redemption
and the costs incurred by the Company in taking proceedings against the applicant.
8.7 No request for conversion or redemption of a Share shall be dealt with unless the issue price for such Share has been
paid and any confirmation delivered in accordance with this Article.
8.8 The Board of Directors may delegate to any director, manager, officer or other duly authorised agent the power to
accept subscriptions, to receive payment of the price of Shares to be issued and to deliver them.
8.9 The Company may agree to issue Shares as consideration for a contribution in kind of securities, in compliance with
the conditions set forth by Luxembourg law, in particular the obligation, if applicable, to deliver a valuation report from
the independent authorised auditor of the Company (“réviseur d’entreprises agréé”). The securities to be delivered by way
of a contribution in kind must correspond to the investment policy and restrictions of the Sub-Fund to which they are
contributed. Any costs incurred in connection with a contribution in kind of securities shall be borne by the relevant
Shareholders.
Art. 9. Redemption of Shares.
9.1 Under the terms and procedures set forth by the Board of Directors in the Prospectus and within the limits provided
by law and these Articles of Incorporation any Shareholder may request the redemption of all or part of his Shares in the
Company.
9.2 Subject to the provisions of Article 13 hereof, the redemption price per Share shall be paid within such period as
may be determined by the Board of Directors in its discretion from time to time, but which shall not, in any event, exceed
ten (10) Business Days from the Dealing Day which next follows receipt of such redemption request, provided that the
Share certificates (if any) and such instruments for redemption as may be required by the Board of Directors have been
received, and are in a form which is satisfactory to the Company.
9.3 The redemption price shall be equal to the Net Asset Value per Share of the relevant Class within the relevant Sub-
Fund, as determined in accordance with the provisions of Article 12 hereof, less such charges and commissions (if any) at
the rate provided for in the Prospectus. Unless otherwise provided for in the Prospectus, such price may be decreased by
a percentage estimate of costs and expenses to be incurred by the Company when disposing of assets in order to pay the
redemption proceeds to redeeming Shareholders. Furthermore, the redemption price may be rounded up or down as further
detailed in the Prospectus.
9.4 If as a result of any request for redemption, the number, the minimum subscription amount or the aggregate Net
Asset Value of the Shares held by any Shareholder in any Class of the relevant Sub-Fund would fall below these thresholds
as set out in the Prospectus as determined by the Board of Directors in its discretion from time to time, then the Company
may decide that this request be treated as a request for redemption for the full balance of such Shareholder’s holding of
Shares in such Class.
9.5 The Board of Directors may defer redemptions as of a particular Dealing Day to the next Dealing Day as of which
redemptions are accepted, where the requested redemptions exceed 10% of a Sub-Fund’s Net Asset Value. The Board of
Directors will ensure the consistent treatment of all Shareholders who have sought to redeem Shares as of any Dealing Day
at which redemptions are deferred. The Board of Directors will pro-rate all such redemption requests to the stated level
(i.e. 10% of the relevant Sub-Fund’s Net Asset Value) and will defer the remainder until the next Dealing Day as of which
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redemptions are accepted. The Directors will also ensure that all deals relating to an earlier Dealing Day are completed
before those relating to a later Dealing Day as of which redemptions are accepted are considered.
9.6 The Company shall have the right, if the Board of Directors so determines, and with the express consent of the
relevant Shareholder, to satisfy payment of the redemption price to any Shareholder in specie by allocating to the Share-
holder investments from the portfolio of assets in such Class or Classes of Shares equal in value (as calculated in the manner
described in Article 12 hereof) as of the Dealing Day on which the redemption price is determined to the value of the Shares
to be redeemed. 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 Shareholders of the Class or Classes of Shares and the valuation
used shall be confirmed, as applicable, by a special report of the authorised auditor of the Company. The costs of any such
transfers shall be borne by the Shareholder.
9.7 All redeemed Shares shall be cancelled.
Art. 10. Conversion of Shares.
10.1 Unless otherwise determined by the Board of Directors for certain Classes of Shares or Sub-Funds, any Shareholder
is entitled to request the conversion of whole or part of his Shares in one Sub-Fund into Shares of another Sub-Fund or in
one Share Class into another Share Class of the same Sub-Fund, provided that the Board of Directors may: (i) at its absolute
discretion reject any request for the conversion of Shares in whole or in part; (ii) set restrictions, terms and conditions as
to the right to and frequency of conversions between certain Sub-Funds and Share Classes; (iii) subject to the payment of
such charges and commissions as the Board of Directors shall determine (unless otherwise provided for in the Prospectus).
10.2 The price for the conversion of Shares shall be computed by reference to the respective Net Asset Values per Share
of the two Sub-Funds or the two Share Classes concerned, determined as of the same Dealing Day.
10.3 If as a result of any request for conversion the number or the aggregate Net Asset Value of the Shares held by any
Shareholder in any Sub-Fund or Class of Shares would fall below such minimum number or value as determined by the
Board of Directors, then the Company may decide that this request be treated as a request for conversion for the full balance
of such Shareholder’s holding of Shares in such Class or Sub-Fund.
10.4 The Shares which have been converted into Shares of another Sub-Fund or of another Share Class within the same
Sub-Fund shall be cancelled.
Art. 11. Restrictions on Ownership of Shares.
11.1 The Company may restrict or prevent the ownership of Shares in the Company by any person, firm or corporate
body, if in the opinion of the Company such holding may be detrimental to the Company, if it may result in a breach of
any law or regulation, whether Luxembourg or foreign, or if as a result thereof the Company may become subject to laws
other than those of the Grand Duchy of Luxembourg (including but without limitation tax laws).
11.2 Specifically, but without limitation, the Company may restrict the ownership of Shares in the Company by any
U.S. Person or any Designated Person, and for such purposes the Company may:
11.2.1 decline to issue any Shares and decline to register any transfer of Shares where it appears to it that such registration
or transfer would or might result in the legal or beneficial ownership of such Shares by a U.S. Person or by any Designated
Person; and
11.2.2 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 information, supported by affidavit, which it may consider necessary
for the purpose of determining whether or not beneficial ownership of such Shareholder’s Shares rests in a U.S. Person or
any Designated Person, or whether such entry in the register will result in the beneficial ownership of such Shares by a
U.S. Person or any Designated Person; and
11.2.3 decline to accept the vote of any U.S. Person or any Designated Person at any meeting of Shareholders of the
Company.
11.3 Where it appears to the Company that: (i) any U.S. Person or any Designated Person either alone or in conjunction
with any other person is a beneficial owner of Shares; or that (ii) the aggregate Net Asset Value of Shares or the number
of Shares held by a Shareholder falls below such value or number of Shares respectively as determined by the Board of
Directors of the Company, or (iii) where in exceptional circumstances the Board of Directors determines that a compulsory
redemption is in the interest of the other Shareholders, the Company may compulsorily redeem or cause to be redeemed
from any such Shareholder all Shares held by such Shareholder in the following manner:
11.3.1 The Company shall serve a notice (the “purchase notice”) upon the Shareholder holding such Shares or appearing
in the register of Shareholders as the owner of the Shares to be purchased, specifying the Shares to be purchased, the manner
in which the purchase price will be calculated and the name of the purchaser;
11.3.2 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 Company. The said Shareholder
shall thereupon forthwith be obliged to deliver to the Company the Share certificate or certificates (if any) representing the
Shares specified in the purchase notice;
11.3.3 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 his name shall be removed from the register of Shareholders;
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11.3.4 The price at which each such Share is to be purchased (the “purchase price”) shall be an amount based on the
Net Asset Value per Share of the relevant Class as of the Dealing Day next succeeding the date of the purchase notice or
next succeeding the surrender of the Share certificate or certificates (if any) representing the Shares specified in such notice,
all as determined by the Board of Directors, less any service charge provided therein;
11.3.5 Payment of the purchase price will be made available to the former owner of such Shares normally in the currency
set by the Board of Directors for the payment of the redemption price of the Shares of the relevant Class and will be: (i)
deposited for payment to such owner by the Company with a bank in Luxembourg or elsewhere; or (ii) paid by a check
sent to the last known address on the Company’s books (as specified in the purchase notice) upon final determination of
the purchase price following surrender of the Share certificate or certificates (if any) specified in such notice and unmatured
dividend coupons attached thereto;
11.3.6 Upon service of the purchase notice as aforesaid, such former owner shall have no further interest in such Shares
or any of them, nor any claim against the Company or its assets in respect thereof, except the right to receive the purchase
price (without interest) from such bank following effective surrender of the Share certificate or certificates (if any) as
aforesaid. Any funds receivable by a Shareholder under this paragraph, but not collected within a period of five (5) years
from the date specified in the purchase notice, may not thereafter be claimed and shall revert to the Sub-Fund relating to
the relevant Class or Classes of Shares. The Board of Directors shall have power from time to time to take all steps necessary
to perfect such reversion and to authorise such action on behalf of the Company;
11.3.7 The exercise by the Company of the power conferred by this Article 11 hereof shall not be questioned or inva-
lidated in any case, on the grounds 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 Company at the date of any purchase notice, provided in
such case the said powers were exercised by the Company in good faith.
Art. 12. Calculation of the Net Asset Value per Share.
12.1 The Net Asset Value per Share of each Sub-Fund or Class of Shares as the case may be shall be expressed in the
base currency or pricing currency (as defined in the Prospectus) respectively of the relevant Sub-Fund or Class of Shares
concerned and shall be determined for any Dealing Day by dividing the net assets of the Company attributable to each Sub-
Fund, being the value of the portion of assets less the portion of liabilities attributable to such Sub-Fund, for any such
Dealing Day, by the number of Shares in the relevant Sub-Fund then outstanding, in accordance with the valuation rules
set forth below. The Net Asset Value per Share may be rounded up or down to two (2) decimal places or such number of
decimal places as the Directors shall determine. If, since the time of determination of the Net Asset Value, there has been
a material change in the quotations in the markets on which a substantial portion of the investments attributable to a Sub-
Fund are dealt in or quoted, the Company may, in order to safeguard the interests of the Shareholders and the Company,
cancel the first valuation and carry out a second valuation. In such a case, instructions for subscription, redemption or
conversion of Shares shall be executed on the basis of the second valuation.
12.2 The valuation of the Net Asset Value of each Sub-Fund shall be made in the following manner:
I. The assets of the Company shall include:
1) all cash on hand or on deposit, including any interest accrued thereon;
2) all bills and demand notes payable and accounts receivable (including proceeds of securities sold but not delivered);
3) all bonds, time notes, certificates of deposit, shares, stock, debentures, debenture stocks, subscription rights, warrants,
options and other securities, financial instruments and similar assets owned or contracted for by the Company (provided
that the Company may make adjustments in a manner not inconsistent with paragraph a) below with regards to fluctuations
in the market value of securities caused by trading ex-dividends, ex-rights, or by similar practices);
4) all stock dividends, cash dividends and cash distributions receivable by the Company to the extent information thereon
is reasonably available to the Company;
5) all interest accrued on any interest-bearing securities owned by the Company except to the extent that the same is
included or reflected in the principal amount of such asset;
6) the primary expenses of the Company, including the cost of issuing and distributing Shares of the Company, insofar
as the same have not been written off;
7) all other assets of any kind and nature including expenses paid in advance.
The valuation of assets of each Sub-Fund of the Company shall be calculated in the following manner:
a) The value of any cash in hand or on deposit, bills and demand notes payable and accounts receivable, prepaid expenses,
cash dividends and interest declared or accrued as aforesaid and not yet received is 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 Board of Directors may consider appropriate in such case to reflect the true value thereof.
b) The value of Transferable Securities, Money Market Instruments and any financial assets listed or dealt in on any
stock exchange of an Other State or on a Regulated Market, or on any Other Regulated Market of a Member State or of an
Other State, shall be based on the last available closing or settlement price in the relevant market prior to the time of
valuation, or any other price deemed appropriate by the Board of Directors.
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c) The value of any assets held in a Sub-Fund which are not listed or dealt in on a stock exchange of an Other State or
on a Regulated Market or on any Other Regulated Market of a Member State or of an Other State or if, with respect to
assets quoted or dealt in on any stock exchange or dealt in on any such Regulated Markets, the last available closing or
settlement price is not representative of their value, such assets are stated at fair market value or otherwise at the fair value
at which it is expected they may be resold, as determined in good faith by or under the direction of the Board of Directors.
d) Units or shares of open-ended UCIs will be valued at their last determined and available official net asset value as
reported or provided by such UCIs or their agents, or, if such price is not representative of the fair market value of such
assets, then the price shall be determined by the Company on a fair and equitable basis. Units or shares of a closed-ended
UCIs will be valued in accordance with the valuation rules set out in items b) and c) above.
e) The liquidating value of futures, forward or options contracts not traded on a stock exchange of an Other State or on
Regulated Markets, or on Other Regulated Markets shall mean their net liquidating value determined, pursuant to the
policies established prudently and in good faith by the Board of Directors, on a basis consistently applied for each different
variety of contracts. The liquidating value of futures, forward or options contracts traded on a stock exchange of an Other
State or on Regulated Markets, or on other Regulated Markets shall be based upon the last available settlement or closing
prices as applicable to these contracts on a stock exchange or on Regulated Markets, or on Other Regulated Markets on
which the particular futures, forward or options contracts are traded on behalf of the Company; provided that if a future,
forward or options contract could not be liquidated on the day with respect to which assets are being determined, the basis
for determining the liquidating value of such contract shall be such value as the Board of Directors may deem fair and
reasonable.
f) Interest rate swaps will be valued on the basis of their market value established by reference to the applicable interest
rate curve.
Credit default swaps are valued on the frequency of the Net Asset Value founding on a market value obtained by external
price providers. The calculation of the market value is based on the credit risk of the reference party respectively the issuer,
the maturity of the credit default swap and its liquidity on the secondary market. The valuation method is recognised by
the Board of Directors.
Total return swaps will be valued at fair value under procedures approved by the Board of Directors. As these swaps
are not exchange-traded, but are private contracts into which the Company and a swap counterparty enter as principals, the
data inputs for valuation models are usually established by reference to active markets. However it is possible that such
market data will not be available for total return swaps near the Dealing Day. Where such markets inputs are not available,
quoted market data for similar instruments (e.g. a different underlying instrument for the same or a similar reference entity)
will be used provided that appropriate adjustments be made to reflect any differences between the total return swaps being
valued and the similar financial instrument for which a price is available. Market input data and prices may be sourced
from exchanges, a broker, an external pricing agency or a counterparty.
If no such market input data are available, total return swaps will be valued at their fair value pursuant to a valuation
method adopted by the Board of Directors which shall be a valuation method widely accepted as good market practice (i.e.
used by active participants on setting prices in the market place or which has demonstrated to provide reliable estimate of
market prices) provided that adjustments that the Board of Directors may deem fair and reasonable be made. In any way
the Company will always value total return swaps on an armlength basis.
All other swaps, will be valued at fair value as determined in good faith pursuant to procedures established by the Board
of Directors.
g) The value of contracts for differences will be based, on the value of the underlying assets and vary similarly to the
value of such underlying assets. Contracts for differences will be valued at fair market value, as determined in good faith
pursuant to procedures established by the Board of Directors.
h) All other securities, instruments and other assets will be valued at fair market value, as determined in good faith
pursuant to procedures established by the Board of Directors.
To the extent that the Board of Directors considers that it is in the best interests of the Company, given the prevailing
market conditions and the level of subscriptions or redemptions requested by Shareholders in relation to the size of any
Sub-Fund, an adjustment, as determined by the Board of Directors at its discretion, may be reflected in the Net Asset Value
of the Sub-Fund for such sum as may represent the percentage estimate of costs and expenses which may be incurred by
the relevant Sub-Fund under such conditions.
The Board of Directors may at its discretion permit any other method of valuation to be used if they consider that such
method of valuation better reflects value generally or in particular markets or market conditions and is in accordance with
the good practice.
II. The liabilities of the Company shall include:
1) all loans, bills and accounts payable;
2) all accrued interest on loans of the Company (including accrued fees for commitment for such loans);
3) all accrued or payable expenses, including, but not limited to, administrative expenses investment advisory and/or
management fees, incentive fees, Depositary and paying agent fees, administrator fees, listing fees, domiciliary and cor-
porate agent fees, auditors’ and legal fees;
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4) 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 Company where the Dealing Day falls on the record
date for determination of the person entitled thereto or is subsequent thereto;
5) an appropriate provision for future taxes based on capital and income to the Dealing Day, as determined from time
to time by the Company, and other reserves, if any, authorised and approved by the Board of Directors, as well as such
amount (if any) as the Board of Directors may consider to be an appropriate allowance in respect of any contingent liabilities
of the Company;
6) the formation expenses of the Company insofar as the same have not been written off; and
7) all other liabilities of the Company of whatsoever kind and nature except liabilities represented by Shares in the
Company.
In determining the amount of such other liabilities, the Company shall take into account all expenses payable by the
Company which shall comprise promotion, printing, formation expenses, fees payable to its investment manager or adviser,
including performance fees, fees and expenses payable to its auditors and accountants, Depositary and its correspondents,
domiciliary and corporate agent, registrar and transfer agent, listing agent, any paying agent, any permanent representatives
in places of registration, as well as any other agent employed by the Company, the remuneration of the directors (if any)
and their reasonable outof-pocket expenses, insurance coverage, and reasonable travelling costs in connection with board
meetings, fees and expenses for legal and auditing services, any fees and expenses involved in registering and maintaining
the registration of the Company with any governmental agencies or stock exchanges in the Grand Duchy of Luxembourg
and in any other country, reporting and publishing expenses, including the cost of advertising, preparing, translating,
printing and distributing of prospectuses, explanatory memoranda, Company documentation or registration statements,
annual and semi-annual reports, the costs of any reports to shareholders, all taxes, duties, governmental and similar charges,
and all other operating expenses, including the cost of buying and selling assets, interest, bank charges and brokerage,
postage, telephone, facsimile and other electronic means of communication.
The Company may calculate administrative and other expenses of a regular or recurring nature on an estimated figure
for yearly or other periods in advance and may accrue the same in equal proportions over any such period.
The value of all assets and liabilities not expressed in the base currency or pricing currency of a Sub-Fund or Class will
be converted into the base currency or pricing currency of such Sub-Fund or Class at the rate of exchange determined as
of the relevant Dealing Day in good faith by or under procedures established by the Board of Directors.
The Board of Directors, in its absolute discretion, may permit some other method of valuation to be used if it considers
that such valuation better reflects the fair value of any asset and / or liability of the Company.
III. The assets shall be allocated as follows:
The Board of Directors shall establish a Sub-Fund in respect of each Class of Shares and may establish a Sub-Fund in
respect of two or more Classes of Shares in the following manner:
1) if two or more Classes of Shares relate to one Sub-Fund, the assets attributable to such Classes shall be commonly
invested pursuant to the specific investment policy of the Sub-Fund concerned. Within a Sub-Fund, Classes of Shares may
be defined from time to time by the Board of Directors so as to correspond to: (i) a specific distribution policy, such as
entitling to distributions (“distribution Shares”) or not entitling to distributions (“capitalisation Shares”); and/or (ii) a
specific sales and redemption charge structure; and/or (iii) a specific management or advisory fee structure; and/or (iv) a
specific assignment of distribution, Shareholder services or other fees; and/or (v) a specific type of investor; and/or (vi) a
specific currency; (vii) the use of different hedging techniques in order to protect in the base currency or pricing currency
of the relevant Sub-Fund the assets and returns quoted in the currency of the relevant Class of Shares against long-term
movements of their currency of quotation; and/or (viii) any other specific features applicable to one Class of Shares.
The Board of Directors may, at its discretion, decide to change the characteristics of any Class as described in the
Prospectus in accordance with the procedures determined by the Board of Directors from time to time.
2) the proceeds to be received from the issue of Shares of a Class shall be applied in the books of the Company to the
Sub-Fund corresponding to that Class of Shares, provided that if several Classes of Shares are outstanding in such Sub-
Fund, the relevant amount shall increase the proportion of the net assets of such Sub-Fund attributable to the Class of Shares
to be issued;
3) the assets and liabilities and the income and expenditure applied to a Sub-Fund shall be attributable to the Class or
Classes of Shares corresponding to such Sub-Fund;
4) where any asset is derived from another asset, such derivative asset shall be applied in the books of the Company to
the same Sub-Fund as the asset from which it was derived and on each revaluation of an asset, the increase or decrease in
value shall be applied to the relevant Sub-Fund;
5) where the Company incurs a liability which relates to any asset of a particular Sub-Fund or to any action taken in
connection with an asset of a particular Sub-Fund, such liability shall be allocated to the relevant Sub-Fund;
6) in the case where any asset or liability of the Company cannot be considered as being attributable to a particular Sub-
Fund, such asset or liability shall be allocated to all the Sub-Funds pro rata to the Net Asset Value of the relevant Classes
of Shares or in such other manner as determined by the Board of Directors acting in good faith. The Company shall be
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considered as one single entity. However, with regard to third parties, in particular towards the creditors, each Sub-Fund
shall only be responsible for the liabilities which are attributable to such Sub-Fund; and
7) upon the payment of distributions to the holders of any Class of Shares, the Net Asset Value of such Class of Shares
shall be reduced by the amount of such distributions.
All valuation regulations and determinations shall be interpreted and made in accordance with generally accepted ac-
counting principles.
In the absence of fraud, bad faith, gross negligence or manifest error, every decision in calculating the Net Asset Value
taken by the Board of Directors or by any bank, company or other organisation which the Board of Directors may appoint
for the purpose of calculating the Net Asset Value, shall be final and binding on the Company and present, past or future
Shareholders, subject to Article 12.1 hereof.
IV. For the purpose of this Article:
1) Shares of the Company to be redeemed under Article 9 hereof shall be treated as existing and taken into account until
immediately after the time specified by the Board of Directors as of the Dealing Day on which such redemption is made
and from such time and until paid by the Company the price therefore shall be deemed to be a liability of the Company;
2) Shares to be issued by the Company shall be treated as being in issue as from the time specified by the Board of
Directors as of the Dealing Day on which such issue is made and from such time and until received by the Company. The
price therefore shall be deemed to be a debt due to the Company;
3) all investments, cash balances and other assets expressed in currencies other than the base currency of the relevant
Sub-Fund shall be valued after taking into account the rates of exchange as determined by the Board of Directors for
determination of the Net Asset Value of Shares; and
4) where as of any Dealing Day the Company has contracted to:
- purchase any asset, the value of the consideration to be paid for such asset shall be shown as a liability of the Company
and the value of the asset to be acquired shall be shown as an asset of the Company;
- sell any asset, the value of the consideration to be received for such asset shall be shown as an asset of the Company
and the asset to be delivered shall not be included in the assets of the Company;
provided however, that if the exact value or nature of such consideration or such asset is not known as of such Dealing
Day, then its value shall be estimated by the Company.
Art. 13. Frequency and Temporary Suspension of Calculation of Net Asset Value per Share, of Issue, Redemption and
Conversion of Shares.
13.1 With respect to each Sub-Fund or Class of Shares, the Net Asset Value per Share and the price for the issue,
redemption and conversion of Shares shall be calculated from time to time by the Company or any agent appointed thereto
by the Company, at least twice a month at a frequency determined by the Board of Directors and determined in the Pros-
pectus, such date or time of determination being the Dealing Day.
13.2 The Company may temporarily suspend the determination of the Net Asset Value per Share of any particular Sub-
Fund and the issue and redemption of its Shares to and from its Shareholders as well as the conversion from and to Shares
of each Sub-Fund:
13.2.1 during any period when any of the principal stock exchanges, Regulated Market or any Other Regulated Market
in a Member State or in an Other State on which a substantial part of the investments attributable to such Sub-Fund is
quoted, or when one or more foreign exchange markets in the currency in which a substantial portion of the assets of the
Sub-Fund is denominated, are closed otherwise than for ordinary holidays or during which dealings are substantially
restricted or suspended; or
13.2.2 when political, economic, military, monetary or other emergency events beyond the control, liability and influence
of the Company make the disposal of the assets of any Sub-Fund impossible under normal conditions or such disposal
would be detrimental to the interests of the Shareholders; or
13.2.3 during any breakdown in the means of communication network normally employed in determining the price or
value of any of the relevant Sub-Fund’s investments or the current price or value on any market or stock exchange in respect
of the assets attributable to such Sub-Fund; or
13.2.4 during any period when the Company is unable to repatriate funds for the purpose of making payments on the
redemption of Shares of such Sub-Fund 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 of Directors, be effected at normal
rates of exchange; or
13.2.5 during any period when for any other reason the prices of any investments owned by the Company, including in
particular the financial derivative instruments and repurchase transactions entered into by the Company in respect of any
Sub-Fund, cannot promptly or accurately be ascertained; or
13.2.6 during any period when the Board of Directors so decides, provided all Shareholders are treated on an equal
footing and all relevant laws and regulations are applied (i) as soon as an extraordinary general meeting of Shareholders
of the Company or a Sub-Fund has been convened for the purpose of deciding on the liquidation or dissolution of the
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Company or a Sub-Fund and (ii) when the Board of Directors is empowered to decide on this matter, upon its decision to
liquidate or dissolve a Sub-Fund; or
13.2.7 following the suspension of (i) the calculation of the net asset value, ii) the issue, (iii) the redemptions and/or (iv)
the conversions of shares/units of a master UCITS in which the Company or a Sub-Fund invests as its feeder UCITS.
13.3 Any such suspension shall be published, if appropriate, by the Company and may be notified to Shareholders having
made an application for subscription, redemption or conversion of Shares for which the calculation of the Net Asset Value
has been suspended.
13.4 Such suspension as to any Sub-Fund shall have no effect on the calculation of the Net Asset Value per Share, the
issue, redemption and conversion of Shares of any other Sub-Fund if the assets within such other Sub-Fund are not affected
to the same extent by the same circumstances.
13.5 Any request for subscription, redemption or conversion shall be irrevocable except in the event of a suspension of
the calculation of the Net Asset Value per Share.
Title III. Administration and supervision
Art. 14. Board of Directors.
14.1 The Company shall be managed by the Board of Directors composed of not less than three members, who need
not be Shareholders of the Company. They shall be elected for a term not exceeding six years. They may be re-elected.
The Directors shall be elected by the Shareholders at a general meeting of Shareholders; in particular by the Shareholders
at their annual general meeting for a period ending in principle at the next annual general meeting or until their successors
are elected and qualified, provided however that a Director may be removed with or without cause and/or replaced at any
time by resolution adopted by the Shareholders. The general meeting of Shareholders shall also determine the number of
Directors, their remuneration and the term of their office.
In the event an elected Director is a legal entity, a permanent individual representative thereof should be designated as
member of the Board of Directors. Such individual is submitted to the same obligations than the other Directors.
Such individual may only be revoked upon appointment of a replacement individual.
14.2 Directors shall be elected by the majority of the votes of the Shares validly cast and shall be subject to the approval
of the Luxembourg regulatory authorities.
14.3 In the event of a vacancy in the office of Director, the remaining Directors may meet and elect, by majority vote,
a director to temporarily fill such vacancy. The Shareholders shall take a final decision regarding such nomination at their
next general meeting.
Art. 15. Board Meetings.
15.1 The Board of Directors shall choose from among its members a chairperson and may choose one or more vice-
chairperson(s). The Board of Directors may also choose a secretary (who need not be a director) who shall write and keep
the minutes of the meetings of the Board of Directors and of the Shareholders. Either the chairperson or any two directors
may at any time summon a meeting of the Directors by notice in writing to every director which notice shall set forth the
general nature of the business to be considered and the place at which the meeting is to be convened.
15.2 Written notice of any meeting of the Board of Directors shall be given to all Directors at least twenty-four hours
prior to the date set for such meeting, except in circumstances of an emergency, in which case the nature of such circums-
tances shall be set forth in the notice of meeting. This notice may be waived by consent in writing by mail, e-mail, facsimile
or any other similar means of communication, or when all Directors are present or represented at the meeting. Separate
notice shall not be required for meetings held at times and places fixed in a resolution adopted by the Board of Directors.
15.3 The chairperson shall preside at the meetings of the Directors and of the Shareholders. In his absence, the Share-
holders or the Directors shall decide by a majority vote that another Director, or in the case of a Shareholders’ meeting,
that any other person shall be in the chair of such meetings.
15.4 The Board of Directors may from time to time and at any time by powers of attorney appoint any company, firm,
person or body of persons, with full power of substitution, to be the attorney or attorneys of the Company for such purpose
and with such powers, authorities and discretions (not exceeding those vested in or exercisable by the Board of Directors
under these Articles of Incorporation) and for such period and subject to such conditions as they may think fit, and any
such powers of attorney may contain such provisions for the protection and convenience of persons dealing with any such
attorneys as the Board of Directors may think fit and may also authorise any such attorney to delegate all or any of the
powers, authorities and discretions vested in him.
15.5 Any Director may act at any meeting by appointing in writing, by mail, e-mail or facsimile or any other similar
means of communication another director as his proxy. A Director may represent several of his colleagues.
15.6 The Directors may only act at duly convened meetings of the Board of Directors. The Directors may not bind the
Company by their individual signatures, except if specifically authorised thereto by resolution of the Board of Directors.
15.7 The Board of Directors can deliberate or act validly only if at least the majority of the Directors are present or
represented.
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15.8 Resolutions of the Board of Directors will be recorded in minutes signed by the chairperson of the meeting. Copies
of extracts of such minutes to be produced in judicial proceedings or elsewhere will be validly signed where they are signed
by the chairperson of the meeting or any two Directors.
15.9 Resolutions are taken by a majority vote of the Directors present or represented. In the event that at any meeting
the numbers of votes for or against a resolution are equal, the chairperson of the meeting shall have a casting vote.
15.10 Resolutions in writing approved and signed by all Directors shall have the same effect as resolutions voted at the
Board of Directors’ meetings. Each Director shall approve such resolution in writing, by mail, facsimile or any other similar
means of communication. Such approval shall be confirmed in writing and all documents shall form the record that proves
that such decision has been taken.
15.11 Members of the Board of Directors or of any committee thereof may participate in a meeting of the Board of
Directors or of such committee by means of conference telephone, videoconference, or similar communications equipment
by means of which all persons participating in the meeting can hear each other and participation in a meeting pursuant to
this provision shall constitute presence in person at such meeting.
Art. 16. Powers of the Board of Directors.
16.1 The Board of Directors is vested with the broadest powers to perform all acts of disposition and administration
within the Company’s purpose, in compliance with the investment policies as determined in Article 19 hereof.
16.2 All powers not expressly reserved by law or by the present Articles of Incorporation to the general meeting of
Shareholders are in the competence of the Board of Directors.
Art. 17. Corporate Signature. Vis-à-vis third parties, the Company is validly bound by the joint signatures of any two
Directors or by the joint or single signature of any officer(s) of the Company or of any other person(s) to whom authority
has been delegated by the Board of Directors.
Art. 18. Delegation of Powers.
18.1 The Board of Directors may delegate its powers to conduct the daily management and affairs of the Company
(including the right to act as authorised signatory for the Company) and its powers to carry out acts in furtherance of the
corporate policy and purpose to one or several physical persons or corporate entities, which need not be members of the
Board of Directors, who shall have the powers determined by the Board of Directors and who may, if the Board of Directors
so authorises, sub-delegate their powers.
18.2 The Board of Directors may also confer special powers of attorney by notarial or private proxy.
18.3 In particular, the Board of Directors may appoint a management company to act in this quality for the Company.
In this capacity, the management company shall perform management functions and shall in particular provide the
Company with advice and recommendations on the Company’s investment policy, as stated in Article 19 hereof, and on
its sales policy. The management company may, under the supervision of the Board of Directors and on a daily basis, buy
and sell at its discretion Transferable Securities and other assets of any kind belonging to the Company in accordance with
the provisions of a written contract.
The designated management company shall also be involved in the central administration of the Company and in the
distribution of its Shares.
The management company shall be authorised to delegate its functions of investment management, central administra-
tion and distribution mentioned above in accordance with the UCI Law.
Art. 19. Investment Policies and Restrictions.
19.1 The Board of Directors, based upon the principle of risk spreading, has the power to determine the investment
policies and strategies to be applied in respect of each Sub-Fund and the course of conduct of the management and business
affairs of the Company, within the restrictions as shall be set forth by the Board of Directors in compliance with applicable
laws and regulations.
19.2 Within those restrictions, the Board of Directors may decide that investments be made in:
19.2.1 Transferable Securities or Money Market Instruments;
19.2.2 shares or units of other UCIs, including shares or units of a master fund qualified as a UCITS;
19.2.3 deposits with credit institutions, which are repayable on demand or have the right to be withdrawn and which are
maturing in no more than twelve(12) months;
19.2.4 financial derivative instruments.
19.2.5 shares issued by one or several other Sub-Funds of the Company under the conditions provided for by the UCI
Law.
19.3 The investment policy of the Company may replicate the composition of an index of securities or debt securities
recognised by the Luxembourg supervisory authority.
19.4 The Company may in particular purchase the above mentioned assets on any Regulated Market of a state of Europe,
being or not Member State, of America, Africa, Asia, Australia or Oceania.
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19.5 The Company may also invest in recently issued Transferable Securities and Money Market Instruments, provided
that the terms of issue include an undertaking that application will be made for admission to official listing on a Regulated
Market and that such admission be secured within one year of issue.
19.6 In accordance with the principle of risk spreading, the Company is authorised to invest up to 100% of the net assets
attributable to each Sub-Fund in Transferable Securities or Money Market Instruments issued or guaranteed by (i) a Member
State, its local authorities, or a public international body of which one or more Member State(s) are member(s), (ii) any
OECD Member Sate or any member country of the G-20, (iii) Singapore or Hong Kong or (iv) such nonmember state(s)
of the OECD as set out in the Prospectus, being provided that if the Company uses the possibility described above, it shall
hold, on behalf of each relevant Sub-Fund, securities belonging to six different issues at least. The securities belonging to
one issue cannot exceed 30% of the total net assets attributable to that Sub-Fund.
19.7 The Board of Directors, acting in the best interest of the Company, may decide, in the manner described in the
Prospectus, that: (i) all or part of the assets of the Company or of any Sub-Fund be co-managed on a segregated basis with
other assets held by other investors, including other undertakings for collective investment and/or their sub-funds; or that
(ii) all or part of the assets of two or more Sub-Funds of the Company be co-managed amongst themselves on a segregated
or on a pooled basis.
19.8 Investments of each Sub-Fund of the Company may be made either directly or indirectly through wholly-owned
subsidiaries, as the Board of Directors may from time to time decide and as described in the Prospectus. Reference in these
Articles 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.
19.9 The Company is authorised to employ techniques and instruments relating to Transferable Securities and Money
Market Instruments provided that such techniques and instruments may be used for hedging purposes, for the purpose of
efficient portfolio management or for investment purposes.
Art. 20. Conflict of Interest.
20.1 No contract or other transaction between the Company and any other company or firm shall be affected or invali-
dated by the fact that any one or more of the Board of Directors or officers of the Company is interested in, or is a director,
associate, officer or employee of, such other company or firm. Any Director or officer of the Company who serves as a
director, officer or employee of any company or firm with which the Company shall contract or otherwise engage in business
shall not, by reason of such affiliation with such other company or firm, be prevented from considering and voting or acting
upon any matters with respect to such contract or other business.
20.2 In the event that any Directors or officers of the Company may have an interest in any transaction of the Company
which conflicts with the interests of the Company, such Director or officer shall make known to the Board of Directors
such conflict of 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 general meeting of Shareholders.
20.3 Such conflict of interest as referred to in this Article, shall not include any relationship with or without interest in
any matter, position or transaction involving any affiliated or associated company of any external investment manager
appointed by the Company, or such other person, company or entity as may from time to time be determined by the Board
of Directors in its discretion.
Art. 21. Indemnification of Directors. Every Director, agent, auditor, or officer of the Company and his personal repre-
sentatives shall be indemnified and secured harmless out of the assets of the relevant Sub-Fund(s) against all actions,
proceedings, costs, charges, expenses, losses, damages or liabilities (“Losses”) incurred or sustained by him in or about
the conduct of the Company business or affairs or in the execution or discharge of his duties, powers, authorities or
discretions, including Losses incurred by him in defending (whether successfully or otherwise) any civil proceedings
concerning the Company in any court whether in Luxembourg or elsewhere. No such person shall be liable: (i) for the acts,
receipts, neglects, defaults or omissions of any other such person; or (ii) by reason of his having joined in any receipt for
money not received by him personally; or (iii) for any loss on account of defect of title to any property of the Company;
or (iv) on account of the insufficiency of any security in or upon which any money of the Company shall be invested; or
(v) for any loss incurred through any bank, broker or other agent; or (vi) for any loss, damage or misfortune whatsoever
which may happen in or arise from the execution or discharge of the duties, powers, authorities, or discretions of his office
or in relation thereto, unless the same shall happen through his own gross negligence or willful misconduct against the
Company.
Art. 22. Auditors.
22.1 The accounting data related in the annual report of the Company shall be examined by an authorised auditor
(“réviseur d’entreprises agréé”) appointed by the general meeting of Shareholders and remunerated by the Company.
22.2 The auditor shall fulfil all duties prescribed by the UCI Law.
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Title IV. General meetings - Accounting year - Distributions
Art. 23. General Meetings of Shareholders of the Company.
23.1 The general meeting of Shareholders of the Company shall represent the entire body of Shareholders of the Com-
pany. Its resolutions shall be binding upon all the Shareholders regardless of the Class of Shares held by them. It shall have
the broadest powers to order, carry out or ratify acts relating to the operations of the Company.
23.2 The general meeting of Shareholders shall meet upon call by the Board of Directors.
23.3 It may also be called upon the request of Shareholders representing at least one tenth of the share capital of the
Company.
23.4 The annual general meeting shall be held in accordance with Luxembourg law at the registered office or at a place
specified in the notice of meeting, at 2:00 p.m. (Luxembourg time) on the second Tuesday of the month of April of each
year.
23.5 If such day is a legal or a bank holiday in Luxembourg, the annual general meeting shall be held on the next
following Business Day.
23.6 Other meetings of Shareholders may be held at such places and times as may be specified in the respective notices
of meeting.
23.7 The Board of Directors may convene a general meeting of Shareholders pursuant to a notice setting forth the agenda
published to the extent and in the manner required by Luxembourg law and/or sent at least eight (8) days prior to the meeting
to each registered Shareholder at the Shareholder’s address in the register of Shareholders or at such other address indicated
by the relevant Shareholder. No evidence of the giving of such notice to registered Shareholders is required by the meeting.
The agenda shall be prepared by the Board of Directors except in the instance where the meeting is called on the written
demand of the Shareholders in which instance the Board of Directors may prepare a supplementary agenda.
Shareholders representing at least one tenth of the share capital may request the adjunction of one or several items to
the agenda of any general meeting of Shareholders. Such a request must be sent to the registered office of the Company
by registered mail five days at the latest before the relevant meeting.
23.8 If all Shares are in registered form and if no publications are made, notices to Shareholders may be mailed by
registered mail only.
23.9 If all Shareholders are present or represented and consider themselves as being duly convened and informed of the
agenda, the general meeting may take place without notice of meeting.
23.10 The Board of Directors may determine all other conditions that must be fulfilled by Shareholders in order to attend
any meeting of Shareholders.
23.11 The business transacted at any meeting of the Shareholders shall be limited to the matters contained in the agenda
(which shall include all matters required by law) and business incidental to such matters.
23.12 Each Share of whatever Class is entitled to one vote, in compliance with Luxembourg law and these Articles of
Incorporation. A Shareholder may act at any meeting of Shareholders by appointing another person as his proxy in writing,
by mail or by facsimile transmission, who need not be a Shareholder and who may be a Director.
23.13 Unless otherwise provided by law or herein, resolutions of the general meeting of Shareholders are passed by a
simple majority vote of the Shareholders validly cast, regardless of the portion of capital represented. Abstentions and nihil
vote shall not be taken into account.
23.14 Each Shareholder may vote at a general meeting through a signed voting form sent by post, electronic mail,
facsimile or any other means of communication to the Company’s registered office or to the address specified in the
convening notice. The Shareholders may only use voting forms provided by the Company which contain at least the place,
date and time of the meeting, the agenda of the meeting, the proposal submitted to the decision of the meeting, as well as
for each proposal three boxes allowing the shareholder to vote in favour of, against, or abstain from voting on each proposed
resolution by ticking the appropriate box.
23.15 Voting forms which, for a proposed resolution, do not show only (i) a vote in favour or (ii) a vote against the
proposed resolution or (iii) an abstention are void with respect to such resolution. The Company shall only take into account
voting forms received prior to the general meeting which they relate to.
Art. 24. General Meetings of Shareholders of Sub-Funds or of Classes of Shares.
24.1 The Shareholders of the Class or Classes issued in respect of any Sub-Fund may hold, at any time, general meetings
to decide on any matters which relate exclusively to such Sub-Fund.
24.2 In addition, the Shareholders of any Class of Shares may hold, at any time, general meetings to decide on any
matters which relate exclusively to such Class.
24.3 The provisions of Article 23, paragraphs 2, 3, 7, 8, 9, 10, 11, 12, 13, 14 and 15 shall apply to such general meetings
of Shareholders.
24.4 Each Share is entitled to one vote in compliance with Luxembourg law and these Articles of Incorporation. Sha-
reholders may act either in person or by giving a proxy in writing, by mail or by facsimile transmission to another person
who need not be a Shareholder and may be a Director.
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24.5 Unless otherwise provided for by law or herein, resolutions of the general meeting of Shareholders of a Sub-Fund
or of a Class are passed by a simple majority of the validly cast votes.
Art. 25. Closure of Sub-Funds and/or Classes.
25.1 In the event that for any reason the value of the assets in any Sub-Fund or Class has decreased to an amount
determined by the Board of Directors to be the minimum level for such Sub-Fund or Class to be operated in an economically
efficient manner, or if a change in the economical, political or monetary situation relating to the Sub-Fund or Class con-
cerned would have material adverse consequences on the investments of that Sub-Fund or if the range of products offered
to investors is rationalised, the Board of Directors may decide to compulsorily redeem all the Shares of the relevant Class
or Classes issued in such Sub-Fund or the relevant Class at the Net Asset Value per Share (taking into account actual
realisation prices of investments and realisation expenses), determined as of the Dealing Day at which such decision shall
take effect and therefore close the relevant Sub-Fund or Class. The Company shall serve a notice to the Shareholders of
the relevant Class or Classes of Shares prior to the effective date for the compulsory redemption, which will indicate the
reasons for, and the procedure of, the redemption operations. Unless it is otherwise decided in the interests of, or to keep
equal treatment between, the Shareholders, the Shareholders of the Sub-Fund or Class concerned may continue to request
redemption or conversion of their Shares free of charge (but taking into account actual realisation prices of investments
and realisation expenses) prior to the effective date of the compulsory redemption.
25.2 Notwithstanding the powers conferred to the Board of Directors by paragraph 25.1 of this Article, the general
meeting of Shareholders of any Sub-Fund or Class within any Sub-Fund may, upon a proposal from the Board of Directors,
redeem all the Shares of the relevant Class within the relevant Sub-Fund and refund to the Shareholders the Net Asset
Value of their Shares (taking into account actual realisation prices of investments and realisation expenses) determined as
of the Dealing Day at which such decision shall take effect. There shall be no quorum requirements for such general meeting
of Shareholders which shall decide by resolution taken by simple majority of those present or represented and voting.
25.3 Assets which may not be distributed to the relevant beneficiaries upon the implementation of the redemption will
be deposited with the Depositary for the period required by Luxembourg law; after such period, the assets will be deposited
with the “Caisse de Consignation” on behalf of the persons entitled thereto.
25.4 All redeemed Shares shall be cancelled.
25.5 The liquidation of the last remaining Sub-Fund of the Company will result in the liquidation of the Company under
the conditions of the UCI Law.
Art. 26. Mergers. Any cost associated with the preparation and the completion of the merger shall neither be charged
to the Company nor to its Shareholders.
26.1. Mergers decided by the Board of Directors.
26.1.1. Company
The Board of Directors may decide to proceed with a merger (within the meaning of the UCI Law) of the Company,
either as receiving or absorbed UCITS, with:
- another existing or new Luxembourg or foreign UCITS (the “New UCITS”); or
- a sub-fund thereof,
and, as appropriate, to re-designate the Shares of the Company concerned as Shares of this New UCITS, or of the relevant
sub-fund thereof as applicable.
In case the Company is the receiving UCITS (within the meaning of the UCI Law), solely the Board of Directors will
decide on the merger and effective date thereof.
In the case the Company is the absorbed UCITS (within the meaning of the UCI Law), and hence ceases to exist, the
general meeting of the Shareholders, rather than the Board of Directors, has to approve, and decide on the effective date
of such merger by a resolution adopted with no quorum requirement and at a simple majority of the votes cast at such
meeting.
Such a merger shall be subject to the conditions and procedures imposed by the UCI Law, in particular concerning the
merger project and the information to be provided to the Shareholders.
26.1.2. Sub-Funds
The Board of Directors may decide to proceed with a merger (within the meaning of the UCI Law) of any Sub-Fund,
either as receiving or absorbed Sub-Fund, with:
- another existing or new Sub-Fund within the Company or another subfund within a New UCITS (the “New Sub-
Fund”); or
- a New UCITS,
and, as appropriate, to re-designate the Shares of the Sub-Fund concerned as Shares of the New UCITS, or of the New
Sub-Fund as applicable.
Such a merger shall be subject to the conditions and procedures imposed by the UCI Law, in particular concerning the
merger project and the information to be provided to the Shareholders.
26.2. Mergers decided by the Shareholders
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26.2.1. Company
Notwithstanding the powers conferred to the Board of Directors by the preceding section, a merger (within the meaning
of the UCI Law) of the Company, either as receiving or absorbed UCITS, with:
- a New UCITS; or
- a sub-fund thereof,
may be decided by a general meeting of the Shareholders for which there shall be no quorum requirement and which
will decide on such a merger and its effective date by a resolution adopted at a simple majority of the votes validly cast at
such meeting.
Such a merger shall be subject to the conditions and procedures imposed by the UCI Law, in particular concerning the
merger project and the information to be provided to the Shareholders.
26.2.2. Sub-Funds
The general meeting of the Shareholders of a Sub-Fund may also decide a merger (within the meaning of the UCI Law)
of the relevant Sub-Fund, either as receiving or absorbed Sub-Fund, with:
- any New UCITS; or
- a New Sub-Fund.
by a resolution adopted with no quorum requirement at a simple majority of the votes validly cast at such meeting.
Such a merger shall be subject to the conditions and procedures imposed by the UCI Law, in particular concerning the
merger project and the information to be provided to the Shareholders.
General
Shareholders will in any case be entitled to request, without any charge other than those retained by the Company or
the Sub-Fund to meet disinvestment costs, the repurchase or redemption of their Shares, or, where possible, to convert them
into units or shares of another UCITS pursuing a similar investment policy and managed by the same management company
or by any other company with which the management company is linked by common management or control, or by
substantial direct or indirect holding, in accordance with the provisions of the UCI Law.
The Company or a Sub-Fund thereof may also absorb a UCI or a sub-fund thereof in compliance with the applicable
law, either by decision of the Board of Directors or of the general meeting of the Shareholders.
Art. 27. Accounting Year. The accounting year of the Company shall commence on the 1
st
January of each year and
terminates on the 31
st
December of the same year.
Art. 28. Distributions.
28.1 The general meeting of Shareholders of the Class or Classes issued in respect of any Sub-Fund shall, upon proposal
from the Board of Directors and within the limits provided by law, determine how the results of such Sub-Fund shall be
disposed of, and may from time to time declare, or authorise the Board of Directors to declare, distributions.
28.2 For any Class or Classes of Shares entitled to distributions, the Board of Directors may decide to pay interim
dividends in the frequency and amounts determined by the Board of Directors in compliance with the conditions set forth
by law.
28.3 Payments of distributions to holders of registered Shares shall be made to such Shareholders at their addresses in
the register of Shareholders.
28.4 Distributions may be paid in such currency and at such time and place that the Board of Directors shall in its
discretion determine from time to time.
28.5. For each Sub-Fund or Class of Shares, the Board of Directors may decide on the payment of interim dividends in
compliance with legal requirements.
28.6 The Board of Directors may decide to distribute stock dividends in lieu of cash dividends upon such terms and
conditions as may be set forth by the Board of Directors.
28.7 Any distribution that has not been claimed within five (5) years of its declaration shall be forfeited and revert to
the Sub-Fund relating to the relevant Class or Classes of Shares.
28.8 No interest shall be payable by the Company on a dividend which has not been claimed by a Shareholder.
Title V. Final provisions
Art. 29. Depositary.
29.1 To the extent required by law, the Company shall enter into a custody agreement with a banking or savings institution
- a depositary (the “Depositary”) - as defined by the law of 5 April 1993 on the financial sector, as amended.
29.2 The Depositary shall fulfil the duties and responsibilities as provided for by the UCI Law.
29.3 If the Depositary wishes to retire, the Board of Directors shall use its best endeavours to find a successor Depositary
within two (2) months of the effectiveness of such retirement. The Board of Directors may terminate the appointment of
the Depositary but shall not remove the Depositary unless and until a successor Depositary shall have been appointed to
act in the place thereof.
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Art. 30. Dissolution of the Company.
30.1 The Company may at any time be dissolved by a resolution of the general meeting of Shareholders subject to the
quorum and majority requirements referred to in Article 32 hereof.
30.2 Whenever the share capital falls below two-thirds of the minimum capital indicated in Article 6 hereof, the question
of the dissolution of the Company shall be referred to the general meeting of Shareholders by the Board of Directors. The
general meeting of Shareholders, for which no quorum shall be required, shall decide by a simple majority of the validly
cast votes.
30.3 The question of the dissolution of the Company shall further be referred to the general meeting of Shareholders
whenever the share capital falls below one quarter of the minimum capital set by Article 6 hereof; in such an event, the
general meeting of Shareholders shall be held without any quorum requirements and the dissolution may be decided by
Shareholders holding one quarter of the votes of the Shares represented and validly cast at the meeting.
30.4 The general meeting of Shareholders must be convened so that it is held within a period of forty days from ascer-
tainment that the net assets of the Company have fallen below two-thirds or one quarter of the legal minimum, as the case
may be.
Art. 31. Liquidation of the Company. Liquidation shall be carried out by one or several liquidators, who may be physical
persons or legal entities, appointed by the general meeting of Shareholders which shall determine their powers and their
compensation.
Should the Company be voluntarily or compulsorily liquidated, its liquidation will be carried out in accordance with
the provisions of the UCI Law. Such law specifies the steps to be taken to enable the Shareholders to participate in the
distribution(s) of the liquidation proceeds and provides for a deposit in escrow at the Caisse de Consignation at the time
of the close of the liquidation. Liquidation proceeds available for distribution to Shareholders in the course of the liquidation
that are not claimed by Shareholders at the close of the liquidation be deposited at the Caisse de Consignation in Luxem-
bourg, where for a period of 30 years they will be held at the disposal of the Shareholders entitled thereto.
Art. 32. Amendments to the Articles of Incorporation. These Articles of Incorporation may be amended by a general
meeting of Shareholders subject to the quorum and majority requirements provided by the law of 10 August 1915 on
commercial companies, as amended from time to time. For the avoidance of doubt, such quorum and majority requirements
shall be as follows: fifty percent of the share capital issued must be present or represented at the general meeting and a
super-majority of two thirds of the Shareholders present or represented and validly voting is required to adopt a resolution.
In the event that the quorum is not reached, the general meeting must be adjourned and reconvened. There is no quorum
requirement for the second meeting but the majority requirement remains unchanged.
Art. 33. Applicable Law. 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 from time to time, and the UCI Law, as may be
amended.
<i>Transitory Dispositionsi>
1) The first accounting year will begin on the date of incorporation of the Company and will end on 31 December 2016.
2) The first annual general meeting of Shareholders will be held on the second Tuesday of the month of April of the
year 2017 at 2:00 p.m. (Luxembourg time), unless such date falls on a day which is not a Business Day, in which case the
first annual general meeting of Shareholders will be held on the next Business Day at 2:00 p.m.
3) Interim dividends may also be distributed during the Company’s first financial year.
<i>Subscription and Paymenti>
The share capital of the Company is subscribed as follows:
- thirty-one (31) Shares have been subscribed by CaixaBank, S.A., aforementioned, for the total price of thirty-one
thousand euro (EUR 31,000.-).
Evidence of the above payments, totalling thirty-one thousand euro (EUR 31,000.-) was given to the undersigned notary.
The subscriber declared that upon determination by the Board of Directors, pursuant to the Articles of Incorporation,
of the various Classes of Shares which the Company shall have, it will elect the Class or Classes of Shares to which the
Shares subscribed to shall appertain.
<i>Declarationi>
The undersigned notary herewith declares having verified the existence of the conditions enumerated in articles 26-1,
26-3 and 26-5 of the law of 10 August 1915 on commercial companies, as amended and expressly states that they have
been fulfilled.
<i>Expensesi>
The expenses of the Company as a result of its creation are estimated at approximately EUR 3,000.-.
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<i>Resolutions of the sole Shareholderi>
The incorporating shareholder representing the entire share capital of the Company and considering itself as duly con-
vened have thereupon passed the following resolutions:
1. The address of the registered office of the Company is set at 60, avenue J.F. Kennedy, L-1855 Luxembourg (Grand
Duchy of Luxembourg);
2. The following persons are appointed as directors of the Company until the next annual general meeting of shareholders
to be held in 2017:
- Juan Pedro BERNAL ARANDA, born in Cordoba (Spain) on 23 July 1972, residing professionally at Calle María de
Molina, 6, 28004 Madrid (Spain);
- Francisco Javier ESTRADA FERNANDEZ HONTORIA, born in Madrid (Spain) on 20 November 1967, residing
professionally at Paseo de Recoletos 37, 28004 Madrid (Spain);
- Henry Cannell KELLY, born in Douglas (Isle of Man, United Kingdom) on 5 October 1955, residing professionally
at 4, rue Jean-Pierre Lanter, L-5943 Itzig (Grand Duchy of Luxembourg);
- Jean-Michel LOEHR, born in Dudelange (Grand Duchy of Luxembourg) on 22 May 1956, residing at 15, Parc Lesigny,
L-5753 Frisange (Grand Duchy of Luxembourg);
- Michèle EISENHUTH, born in Verviers (Belgium), on 31 December 1964, residing professionally at 41A, avenue
J.F. Kennedy, L-2082 Luxembourg (Grand Duchy of Luxembourg).
3. The following person is appointed as authorised auditor (“révsieur d’entreprises agréé”) until the general meeting of
shareholders convened to approve the Company’s annual accounts for the first financial year:
Deloitte Audit S.à r.l., a company incorporated and existing under the laws of Luxembourg, registered with Luxembourg
Trade and Companies’ Register (“Registre de Commerce et des Sociétés” - “R.C.S.”) under number B-67.895, having its
registered office at 560, rue de Neudorf, L-2220 Luxembourg, Grand Duchy of Luxembourg.
WHEREOF, this notarial deed was drawn up in Luxembourg, on the day specified at the beginning of this document.
The undersigned notary who understands and speaks English, states herewith that on request of the appearing party, this
deed is worded in English.
The document having been read to the proxyholder of the appearing person known to the notary by name, first name,
and residence, the said proxyholder of the appearing person signed together with the notary this deed.
Signé: A. LE POAC et H. HELLINCKX.
Enregistré à Luxembourg Actes Civils 1, le 21 janvier 2016. Relation: 1LAC/2016/2012. Reçu soixante-quinze euros
(75.- EUR)
<i>Le Receveuri> (signé): P. MOLLING.
- POUR EXPEDITION CONFORME - délivrée à la société sur demande.
Luxembourg, le 29 janvier 2016.
Référence de publication: 2016059460/939.
(160020231) Déposé au registre de commerce et des sociétés de Luxembourg, le 2 février 2016.
Eastspring Investments, Société d'Investissement à Capital Variable.
Siège social: L-2449 Luxembourg, 26, boulevard Royal.
R.C.S. Luxembourg B 81.110.
In the year two thousand and sixteen,
on the twenty-ninth day of the month of January.
Before Us, Maître Jean-Joseph WAGNER, notary, residing in SANEM, Grand Duchy of Luxembourg,
was held
an extraordinary general meeting of shareholders (the "Meeting") of "EASTSPRING INVESTMENTS", a Luxembourg
public limited liability company (société anonyme) qualifying as an undertaking for collective investment in transferable
securities ("UCITS") set up as an investment company with variable capital (société d'investissement à capital variable)
governed by Part I of the Luxembourg law of 17 December 2010 on undertakings for collective investment (the "UCI
Law"), incorporated for an unlimited duration, by a notarial deed enacted on 20 March 2001, that has been published in
the Mémorial C, Recueil des Sociétés et Associations (the “Mémorial”) on 27 April 2001, number 314 (the "Company").
The Articles of Incorporation of the Company (the "Articles") were amended for the last time pursuant to a notarial deed
enacted by the undersigned notary on 22 December 2011, which were published in the Mémorial, on 30 January 2012,
under number 249 and page 11916. The Company is registered with the Luxembourg Register of Trade and Companies
under number B 81.110.
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The Meeting is opened at the registered office of the Company at 11.00 a.m. and elected Mr Christophe Bécue, profes-
sionally residing in Luxembourg, as chairman, who appointed Mrs Catherine Dugué, professionally residing in Luxem-
bourg, as secretary.
The Meeting elected Mr Louis de Crayencour, professionally residing in Luxembourg, as scrutineer.
The office of the Meeting having thus been constituted, the chairman declared and requested the notary to record that:
I. The agenda of the present Meeting is the following:
<i>Agendai>
1. Amendment of articles 5, 22 and 27 of the Articles in order to align the provisions on mergers, liquidations and
reorganisation with the provisions of the UCI Law.
2. Amendment to articles 6 and 8 of the Articles in order to delete the references to bearer shares as there are only
registered shares in the Company;
3. Amendment of article 11 of the Articles in order to refer to the legal possibility to establish a ‘record date’ prior to
the date of the relevant meeting to calculate the quorum requirements before each general meeting;
4. Amendment of article 16. 3. (g) (v) of the Articles in order to delete the reference to the prohibition of duplication of
fees. Whilst the prohibition of duplication of fees remains applicable and provided for in article 46 (3) of the UCI Law;
this amendment is made to avoid interpretation issues and to align with article 181 (8) of the UCI Law;
5. Amendment of article 21 of the Articles in order to introduce a mechanism of redemption in kind which aims to
provide flexibility for the Company, with the consent of the redeeming shareholders;
6. Amendment of articles 21, 23 and 24 of the Articles in order to provide for a swing pricing mechanism which aims
to enhance protection offered to shareholders from the impact of dilution caused by shareholder activity. Swing pricing is
implemented when the net subscription or redemption amount exceeds a threshold determined by the Board of Directors
of the Company, beyond which the latter believes the amount of dilution could be material to the Sub-Funds. Swing pricing
may be applied across all Sub-Funds. The extent of the price adjustment will be determined by the Board of Directors of
the Company to reflect dealing and other costs and various factors. Such adjustment may vary from Sub-Fund to Sub-Fund
and the adjustment rate will not exceed 2% of the original Net Asset Value of a Sub-Fund;
7. Amendment of article 28 of the Articles in order to permit master-feeder sub-funds under the conditions provided for
by the UCI Law;
8. General restatement of the Articles in order to reflect the preceding resolutions, to harmonise the terminology and
definitions used throughout the Articles and to ensure consistency with those contained in the Company's prospectus.
II. The names of the shareholders present at the Meeting or duly represented by proxy, as well as the number of shares
held by each shareholder, are set forth on the attendance list, signed by the shareholders present, the proxies of the share-
holders represented, the office of the Meeting and the notary. The proxies of the represented shareholders will also remain
annexed to the present deed. The aforesaid list shall be attached to the present deed and registered therewith.
III. A convening notice reproducing the agenda of the present Meeting was sent by registered letter to all the shareholders
of the Company on 18 December 2015.
IV. It appears from the attendance list that, out of three billion hundred forty-three million five hundred six thousand
hundred and ninety-nine point five seven two (3’143’506’199.572) shares in issue, one billion eight hundred ninety-one
million one hundred seventy-two thousand eight hundred forty-eight point two one (1,891,172,848.21) shares, thus repre-
senting 60.16%, are present or represented at the present Meeting.
V. As a result of the foregoing, the present Meeting is regularly constituted and may validly deliberate and vote on the
agenda.
After deliberation, the meeting unanimously took the following resolutions:
<i>First resolutioni>
The meeting RESOLVES to amend articles 5, 22 and 27 of the Articles in order to align the provisions on mergers,
liquidations and reorganisation with the provisions of the UCI Law.
<i>Second resolutioni>
The meeting RESOLVES to amend articles 6 and 8 of the Articles in order to delete the references to bearer shares as
there are only registered shares in the Company.
<i>Third resolutioni>
The meeting RESOLVES to amend article 11 of the Articles in order to refer to the legal possibility to establish a 'record
date' prior to the date of the relevant meeting to calculate the quorum requirements before each general meeting.
<i>Fourth resolutioni>
The meeting RESOLVES to amend article 16. 3. (g) (v) of the Articles in order to delete the reference to the prohibition
of duplication of fees. Whilst the prohibition of duplication of fees remains applicable and provided for in article 46 (3) of
the UCI Law; this amendment is made to avoid interpretation issues and to align with article 181 (8) of the UCI Law.
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<i>Fifth resolutioni>
The meeting RESOLVES to amend article 21 of the Articles in order to introduce a mechanism of redemption in kind
which aims to provide flexibility for the Company, with the consent of the redeeming shareholders.
<i>Sixth resolutioni>
The meeting RESOLVES to amend articles 21, 23 and 24 of the Articles in order to provide for a swing pricing me-
chanism which aims to enhance protection offered to shareholders from the impact of dilution caused by shareholder
activity. Swing pricing is implemented when the net subscription or redemption amount exceeds a threshold determined
by the Board of Directors of the Company, beyond which the latter believes the amount of dilution could be material to
the Sub-Funds. Swing pricing may be applied across all Sub-Funds. The extent of the price adjustment will be determined
by the Board of Directors of the Company to reflect dealing and other costs and various factors. Such adjustment may vary
from Sub-Fund to Sub-Fund and the adjustment rate will not exceed 2% of the original Net Asset Value of a Sub-Fund.
<i>Seventh resolutioni>
The meeting RESOLVES to amend article 28 of the Articles in order to permit master-feeder sub-funds under the
conditions provided for by the UCI Law.
<i>Eighth resolutioni>
The meeting RESOLVES to fully restate the Articles to be effective as from 1 April 2016 in order to reflect the preceding
resolutions, to harmonise the terminology and definitions used throughout the Articles and to ensure consistency with those
contained in the Company's prospectus. As a result, the Articles shall henceforth read as follows:
RESTATED ARTICLES OF INCORPORATION
AS AT 1 APRIL 2016
Art. 1. There exists a company in the form of a «société anonyme» qualifying as a «société d’investissement à capital
variable» under the name of "Eastspring Investments" (the "Company").
Art. 2. The Company is established for an unlimited period. The Company may be dissolved at any moment by a
resolution of the shareholders adopted in the manner required for amendment of these Articles of Incorporation.
The Board of Directors is entitled to determine the period for which the Sub-Funds of the Company are established.
Art. 3. The exclusive object of the Company is to place the funds available to it in transferable securities of any kind
and other permitted assets, with the purpose of spreading investment risks and affording its shareholders the results of the
management of its portfolios.
The Company 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 Luxembourg law of 17 December 2010 on undertakings for
collective investment (the "2010 Law").
Art. 4. The Company has its registered office in Luxembourg.
Branches or other offices may be established either in Luxembourg or abroad by resolution of the Board of Directors.
The address of the registered office in Luxembourg City may be changed by resolution of the Board of Directors.
In the event that the Board of Directors determines that extraordinary social, political or military 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 measures shall have no effect on the
nationality of the Company which, notwithstanding the temporary transfer of its registered office, will remain a Luxembourg
company.
Art. 5. The capital of the Company shall be represented by shares of no par value and shall at any time be equal to the
total net assets of the Company as defined in Article 23 hereof.
The shares may, as the Board of Directors shall determine, be of different classes and the proceeds of the issue of each
Class of shares shall be invested pursuant to Article 3 hereof in transferable securities or other assets corresponding to such
geographical areas, industrial sectors or monetary zones or such specific types of securities as the Board of Directors shall
from time to time determine in respect of each Class of shares. Each such Class of shares shall constitute a «Sub-Fund»
designated by a generic name.
Further, the shares of each Sub-Fund may, as the Board of Directors shall so determine, be issued in several sub-classes
of shares. Each such sub-class of shares shall constitute a «Class». The Board of Directors decides as and when shares of
a Class are sold publicly.
The Board of Directors may create at any moment additional Sub-Funds and/or Classes, provided that the rights and
duties of the shareholders of the existing Sub-Funds and/or Classes will not be modified by such creation.
The minimum capital of the Company shall be the equivalent in USD (Dollar of the United States of America) of one
million two hundred fifty thousand Euro (EUR 1,250,000) and must be reached within six (6) months following the date
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of the registration of the Company in Luxembourg on the official list of collective investment undertakings, and thereafter
may not be less than this amount or any other minimum amount foreseen by any applicable law.
The Board of Directors is authorised to issue further fully paid shares at any time for cash or, subject to the conditions
of the law, contribution in kind of securities and other assets in accordance with Article 22 hereof at a price based on the
respective Net Asset Value per share determined in accordance with Article 23 hereof without reserving to the existing
shareholder a preferential right to subscribe for the additional share to be issued.
The Board of Directors may delegate to any duly authorised director or officer of the Company or to another duly
authorised person, the duty of accepting subscriptions and of delivering and receiving payment for such new shares.
For the purpose of determining the capital of the Company, the net assets attributable to each Sub-Fund shall, if not
expressed in USD, be converted into USD and the capital shall be the total of the net assets of all the Sub-Funds. The
consolidated capital of the Company is expressed in USD.
Art. 6. For each Sub-Fund, the Company will issue shares in registered form only.
Ownership of registered shares is evidenced by the entry in the register of shareholders of the Company, the «Register
of Shareholders» and shareholders shall receive a confirmation of their shareholding. The Board of Directors may, however,
decide to issue share certificates, as disclosed in the prospectus of the Company. Share certificates, if issued, shall be signed
by two directors. Both such signatures may be manual, printed, by facsimile or electronic. However, one of such signatures
may be by a person delegated to this effect by the Board of Directors. In such latter case, the signature shall be manual.
The Company may issue temporary share certificates in such form as the Board of Directors may from time to time
determine.
Shares may be allotted only upon acceptance of the subscription and after receipt of the purchase price. The subscriber
will, without delay, upon acceptance of the subscription and receipt of the purchase price by the Company, receive title to
the shares purchased by him and obtain delivery of confirmation of his shareholding or a definitive share certificates in
registered form (if applicable).
If it is decided to pay a dividend, it is paid to registered shareholders entitled thereto at their addresses in the Register
of Shareholders.
All issued registered shares of the Company shall be registered in the Register of Shareholders which shall be kept by
the Company or by one or more persons designated therefore by the Company and such Register shall contain the name
of each holder of registered shares, his residence or elected domicile, the number of shares held by him and the amount
paid in on each such share. Every transfer of a registered share shall be entered in the Register of Shareholders.
Transfer of registered shares shall be effected (a) if share certificates have been issued, upon delivering the certificate
or certificates representing such shares to the Company along with other instruments of transfer satisfactory to the Company,
and (b) if no share certificates have been issued, by written declaration of transfer to be registered in the Register of
Shareholders, dated and signed by the transferor and the transferee, or by persons holding suitable powers of attorney to
act therefore.
Every registered shareholder must provide the Company with an address to which all notices and announcements from
the Company may be sent. Such address will also be entered in the Register of Shareholders. In the event that a registered
shareholder does not provide such an address, the Company 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 Company, or at such other
address as may be so entered by the Company from time to time, until another address shall be provided to the Company
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 Company at its registered office, or at such other address as may be set by the Company
from time to time.
If payment made by any subscriber results in the entitlement to a fraction of a share, the subscriber shall not be entitled
to vote in respect of such fraction, but shall, to the extent the Company shall determine as to, the calculation of fractions,
be entitled to dividends and other distributions on a pro rata basis.
In the event of joint ownership or bare ownership and usufruct, the Company will recognise, as to voting issues, only
one holder, i.e. subscriber 1, in respect of a share in the Company. All other issues or transactions may be done by each of
the owners in respect of all owners.
Art. 7. If any shareholder can prove to the satisfaction of the Company 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, including
a bond delivered by an insurance company but without restriction thereto, as the Company may determine.
On the issue 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 or defaced share certificates may be exchanged for new ones by order of the Company. The mutilated or
defaced certificates shall be delivered to the Company and shall be annulled immediately.
The Company 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 Company in connection with the issuance and registration thereof, or in connection
with the annulment of the old share certificate.
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Art. 8. The Board of Directors may restrict or prevent the ownership of shares in the Company by any person, firm or
corporate body, if it appears to the Company that such ownership results in a breach of law in Luxembourg or abroad, may
make the Company subject to tax in a country other than the Grand Duchy of Luxembourg or may otherwise be detrimental
to the Company.
More specifically, the Company may restrict or prevent the ownership of shares in the Company by any «U.S. person»,
as defined hereafter.
For such purposes the Company 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 person who is precluded from holding shares
in the Company,
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 information, supported by affidavit, which it may consider necessary
for the purpose of determining whether or not beneficial ownership of such shareholder’s shares rests or will rest in a person
who, is precluded from holding shares in the Company,
c) where it appears to the Company that any person, who is precluded from holding shares in the Company, either alone
or in conjunction with any other person, is a beneficial owner of shares, compulsorily purchase from any such shareholder
all shares held by such shareholder or where it appears to the Company that one or more persons are the owners of a
proportion of the shares in the Company which would make the Company subject to tax or other regulations of jurisdictions
other than Luxembourg, compulsorily redeem all or a proportion of the shares held by such shareholders, as may be
necessary, in the following manner:
1) The Company shall serve a notice (hereinafter called the «purchase notice») upon the shareholder bearing such shares
or 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 Company.
The said shareholder shall thereupon forthwith be obliged to deliver to the Company the share certificate or certificates,
if any, representing the shares specified in the purchase notice. 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 his name
shall be removed as the holder of such shares from the Register of Shareholders;
2) The price at which the shares specified in any purchase notice shall be purchased (herein called «the purchase price»)
shall be an amount equal to the relevant per share Net Asset Value determined in accordance with Articles 23 and 24 hereof,
as at the date of the purchase notice;
3) Payment of the purchase price will be made to the owner of such shares in the currency of the Sub-Fund concerned,
except during periods of exchange restrictions, and will be deposited by the Company 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 certi-
ficates, if issued, representing the shares specified in such notice.
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 Company 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, if issued, as aforesaid;
4) The exercise by the Company 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 Company at the date of any purchase notice, provided that in such case
the said powers were exercised by the Company in good faith; and
d) decline to accept the vote of any person who is precluded from holding shares in the Company at any meeting of
shareholders of the Company.
Whenever used in these Articles, the term «U.S. person» shall mean any «U.S. person» as such term is defined in
Regulation S under the United States Securities Act of 1933, as amended.
Art. 9. Any regularly constituted meeting of the shareholders of the Company shall represent the entire body of share-
holders of the Company. It shall have the broadest powers to order, carry out or ratify acts relating to the operations of the
Company.
Art. 10. The annual general meeting of shareholders shall be held, in accordance with Luxembourg law, in Luxembourg
at the registered office of the Company, or at such other place in Luxembourg as may be specified in the notice of meeting,
on the second Friday of the month of April in each year at 11.00 a.m. If such day is not a bank business day in Luxembourg,
the annual general meeting shall be held on the next following bank business day in Luxembourg. The annual general
meeting may be held abroad if, in the absolute and final judgement of the Board of Directors, exceptional circumstances
so require.
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Other meetings of shareholders may be held at such place and time as may be specified in the respective notices of
meeting.
Art. 11. The quorum and time required by law shall govern the notice for and conduct of the meetings of shareholders
of the Company, unless otherwise provided herein.
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 applicable for this general meeting will 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 attached to his shares will be
determined by reference to the shares held by this shareholder as at the Record Date.
Each entire share 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 cable, telegram, telex or facsimile transmission. A company may execute a form of
proxy under the hand of a duly authorised officer.
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 those present or represented and voting.
Resolutions with respect to any Class or Sub-Fund will also be passed, unless otherwise required by law or otherwise
provided herein, by a simple majority of the shareholders of the relevant Class or Sub-Fund present or represented and
voting.
The Board of Directors 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 of Directors. Notices setting forth the agenda shall be sent by
mail at least eight (8) days prior to the meeting to each shareholder at the shareholder’s address in the Register of Share-
holders.
To the extent required by law, notices shall, in addition, be published in the Mémorial, Recueil des Sociétés et Asso-
ciations of Luxembourg, in a Luxembourg newspaper, and in such other newspapers as the Board of Directors may decide.
Art. 13. The Company shall be managed by a Board of Directors composed of not less than three (3) members; members
of the Board of Directors need not be shareholders of the Company.
The directors shall be elected by the shareholders at their 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.
The Company may appoint a management company submitted to Chapter 15 of the 2010 Law in order to carry out the
functions of collective management as these functions are described in Annex II of the 2010 Law. Details regarding the
appointment of the management company, if any, will be incorporated in the prospectus of the Company.
Art. 14. The Board of Directors will 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 of Directors and of the shareholders. The Board of Directors shall
meet upon call by the chairman, or any two directors, at the place indicated in the notice of meeting.
The chairman shall preside at all meetings of shareholders and the Board of Directors, but in his absence the shareholders
or the Board of Directors may appoint another director and, in the absence of any director at a shareholders’ meeting, any
other person as chairman pro tempore by vote of the majority present at any such meeting.
The Board of Directors from time to time may appoint the officers of the Company, including a general manager, a
secretary, any assistant general managers, assistant secretaries or other officers considered necessary for the operation and
management of the Company. Any such appointment may be revoked at any time by the Board of Directors. Officers need
not be directors or shareholders of the Company. The officers appointed, unless otherwise stipulated in these Articles, shall
only have the powers and duties given them by the Board of Directors.
Written notice of any meeting of the Board of Directors 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 and the reasons
of such circumstances shall be set forth in the notice of meeting. This notice may be waived by the consent in writing or
by cable, telegram, telex or facsimile transmission 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 of Directors.
Any director may act at any meeting of the Board of Directors by appointing in writing or by cable, telegram, telex or
facsimile transmission another director as his proxy.
The directors may only act at duly convened meetings of the Board of Directors. Directors may not bind the Company
by their individual acts, except as specifically permitted by previous resolution of the Board of Directors.
The Board of Directors can deliberate or act validly only if at least the majority of the directors are present or represented
at a meeting of the Board of Directors (which may be by way of a conference telephone call). Decisions shall be taken by
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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. In the event of a conference
telephone call, decisions validly taken by the directors will thereafter appear on regular minutes.
Resolutions signed by all members of the board will be as valid and effectual as if passed at a meeting duly convened
and held. Such signatures may appear on a single document or multiple copies of an identical resolution and may be
evidenced by letters, cables, telegrams, telexes, facsimile transmissions or similar means. The date of the decisions con-
templated by these resolutions shall be the latest signature date.
The Board of Directors may delegate its powers to conduct the daily management and affairs of the Company and its
powers to carry out acts in furtherance of the corporate policy and purpose, to natural persons or corporate entities which
need not be members of the board.
Art. 15. The minutes of any meeting of the Board of Directors and of any general meeting of shareholders shall be signed
by the chairman or, in his absence, by the chairman pro tempore who presided at such meeting.
Copies or extracts of such minutes which may be produced in judicial proceedings or otherwise shall be signed by such
chairman, or by the secretary, or by any two (2) directors.
Art. 16. The Board of Directors shall, based upon the principle of spreading of risks, have power to determine the
corporate and investment policy for the investments relating to each Sub-Fund and the course of conduct of the management
and business affairs of the Company provided that at all times the investment policy of the Company and of each Sub-Fund
of the Company complies with Part I of the 2010 Law and any other law or regulation with which it must comply in order
to qualify as an undertaking for collective investment in transferable securities ("UCITS") under article 1(2) of Directive
2009/65/EC.
1. In the determination and implementation of the investment policy the Board of Directors may cause the assets of each
Sub-Fund to be invested in:
(a) transferable securities and money market instruments admitted to or dealt in on a regulated market, as defined in
article 4(1)(14) of Directive 2004/39/EC;
(b) transferable securities and money market instruments dealt in on another regulated market in a Member State which
operates regularly and is recognised and open to the public. For the purpose of these Articles of Incorporation, the term
"Member State" refers to a Member State of the European Union, it being understood that the States that are contracting
parties to the Agreement creating the European Economic Area other than the Member States of the European Union,
within the limits set forth by this Agreement and related acts, are considered as equivalent to Member States of the European
Union;
(c) transferable securities and money market instruments admitted to official listing on a stock exchange in a non-Member
State or dealt in on another regulated market in a non-Member State which operates regularly and is recognised and open
to the public, located within any other country of Europe, Asia, Oceania, the American continents or Africa;
(d) recently issued transferable securities and money market instruments, provided that the terms of issue include an
undertaking that application will be made for admission to official listing on a stock exchange or to another regulated
market referred to under a) to c) above; such admission is secured within one year of issue;
(e) shares or units of UCITS authorised according to Directive 2009/65/EC and/or other UCI within the meaning of
article 1(2)(a) and (b) of Directive 2009/65/EC, should they be situated in a Member State or not, provided that:
i. such other UCI are authorised under laws which provide that they are subject to supervision considered by the Com-
mission de Surveillance du Secteur Financier («CSSF») to be equivalent to that laid down in Community law, and that
cooperation between authorities is sufficiently ensured;
ii. the level of guaranteed protection for unit-holders in such other UCI is equivalent to that provided for unit-holders
in a UCITS, and in particular that the rules on asset segregation, borrowing, lending, and uncovered sales of transferable
securities and money market instruments are equivalent to the requirements of Directive 2009/65/EC;
iii. the business of the other UCI is reported in half-yearly and annual reports to enable an assessment to be made of the
assets and liabilities, income and operations over the reporting period;
iv. no more than 10% of the UCITS or the other UCI assets, whose acquisition is contemplated, can be, according to its
instruments of incorporation, invested in aggregate in units of other UCITS or other UCIs;
v. the Sub-Funds may not invest in units of other UCITS or other UCIs for more than 10% of their assets, unless otherwise
provided in respect of particular Sub-Funds in the prospectus;
(f) deposits with credit institutions which are repayable on demand or have the right to be withdrawn, and maturing in
no more than twelve (12) months, provided that the credit institution has its registered office in a Member State or if the
credit institution has its registered office in a non-Member State, provided that it is subject to prudential rules considered
by the competent authorities of the UCITS home Member State as equivalent to those laid down in Community law;
(g) financial derivative instruments, including equivalent cash-settled instruments, dealt in on a regulated market referred
to in sub-paragraphs a), b) and c); and/or financial derivative instruments dealt in over-thecounter («OTC derivatives»),
provided that:
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i. the underlying consists of instruments covered by (a) to (h), financial indices, interest rates, foreign exchange rates or
currencies, in which the Company may invest according to the investment objectives of its Sub-Funds,
ii. the counter-parties to OTC derivative transactions are institutions subject to prudential supervision, and belonging to
the categories approved by the CSSF, and
iii. the OTC derivatives are subject to reliable and verifiable valuation on a daily basis and can be sold, liquidated or
closed by an offsetting transaction at any time at their fair market value at the Company’s initiative;
(h) money market instruments other than those dealt in on a regulated market and referred to in paragraphs (a) to (d)
above, if the issue or issuer of such instruments is itself regulated for the purpose of protecting investors and savings, and
provided that they are:
i. issued or guaranteed by a central, regional or local authority, a central bank of a Member State, the European Central
Bank, the European Union or the European Investment Bank, a non-Member State or, in the case of a Federal State, by
one of the members making up the federation, or by a public international body to which one or more Member States
belong, or
ii. issued by an undertaking any securities of which are dealt in on regulated markets referred to in sub-paragraphs a),
b) or c), or
iii. issued or guaranteed by an establishment subject to prudential supervision, in accordance with criteria defined by
Community law or by an establishment which is subject to and comply with prudential rules considered by the CSSF to
be at least as stringent as those laid down by Community law, or
iv. issued by other bodies belonging to the categories approved by the CSSF provided that investments in such instru-
ments are subject to investor protection equivalent to that laid down in the first, the second or the third indent and provided
that the issuer is a company whose capital and reserves amount at least to ten million Euro (EUR 10,000,000.-) and which
presents and publishes its annual accounts in accordance with Fourth Directive 78/660/EEC, is an entity which, within a
group of companies which includes one or several listed companies, is dedicated to the financing of the group or is an entity
which is dedicated to the financing of securitisation vehicles which benefit from a banking liquidity line.
2. However:
The Company may invest no more than 10% of the assets of any sub-fund in transferable securities and money market
instruments other than those referred to in paragraph (1) above.
3. Moreover:
(a) The Company may acquire movable and immovable property which is essential for the direct pursuit of its business;
(b) The Company may not acquire either precious metals or certificates representing them;
(c) The Company may hold ancillary liquid assets;
(d) The Company is authorised for each of its Sub-Funds to employ techniques and instruments relating to transferable
securities and money market instruments under the conditions and within the limits laid down by the CSSF provided that
such techniques and instruments are used for the purpose of efficient portfolio management. When these operations concern
the use of derivative instruments, these conditions and limits shall conform to the provisions laid down in the present articles
as well as in the Company’s prospectus. Under no circumstances shall these operations cause the Company to diverge, for
any Sub-Fund, from its investment objectives as laid down, the case being for the relevant Sub-Fund, in these articles or
in the Company’s prospectus;
(e) The Company may further invest up to 100% of the net assets of any Sub-Fund, in accordance with the principle of
risk-spreading, in transferable securities and money market instruments issued or guaranteed by a Member State, its local
authorities, the OECD or public international bodies of which one or more Member States are members; provided that in
such event, the Sub-Fund concerned must hold securities from at least six (6) different issues, but securities from any one
issue may not account for more than 30% of the total amount;
(f) The Company may invest in any other securities, instruments or other assets within the restrictions as shall be set
forth by the Board of Directors of the Company in compliance with applicable laws and regulations;
(g) Each Sub-Fund may also subscribe for, acquire and/or hold shares issued or to be issued by one or more other Sub-
Funds of the Company subject to additional requirements which may be specified in the prospectus, if:
(i) the target sub-fund does not, in turn, invest in the Sub-Fund invested in this target sub-fund; and
(ii) no more than 10% of the assets of the target sub-funds whose acquisition is contemplated may, pursuant to the
prospectus and the Articles of incorporation, be invested in shares of other target sub-funds; and
(iii) voting rights, if any, attaching to the relevant shares are suspended for as long as they are held by the Sub-Fund
concerned; and
(iv) in any event, for as long as these shares are held by the relevant Sub-Fund, their value will not be taken into
consideration for the purposes of verifying the minimum threshold of the net assets imposed by the 2010 Law.
(h) The Company may also, to the widest extent permitted by the 2010 Law and all applicable Luxembourg regulations,
and in accordance with the prospectus:
(i) create a Sub-Fund qualifying as a feeder UCITS sub-fund;
(ii) convert any existing Sub-Fund into a feeder UCITS sub-fund;
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(iii) change the master UCITS of any feeder UCITS sub-fund.
4. Each Sub-Fund has six (6) months from its date of authorization to achieve compliance with paragraphs (1) to (3).
5. All other investment restrictions are specified in the prospectus.
Art. 17. No contract or other transaction between the Company and any other company or firm shall be affected or
invalidated by the fact that any one or more of the directors or officers of the Company is interested in, or is a director,
associate, officer or employee of such other company or firm.
Any director or officer of the Company who serves as a director, associate, officer or employee of any company or firm
with which the Company shall contract or otherwise engage in business shall not, by reason of such affiliation with such
other company 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 Company may have any personal interest in any transaction of the Company,
such director or officer shall make known to the Board of Directors such personal 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.
The term «personal interest», as used in the preceding sentence, shall not include any relationship with or interest in any
matter, position or transaction involving Prudential Group and its subsidiaries and associated companies or such other
company or entity as may from time to time be determined by the Board of Directors on its discretion.
Art. 18. The Company may 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 Company or, at its request, of any other company of which
the Company 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 gross negligence or 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 Company 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 Company will be bound by the joint signature of any two (2) directors or by the individual signature of any
director duly authorised or by the individual signature of any duly authorised officer of the Company or by the individual
signature of any other person to whom authority has been delegated by the Board of Directors.
Art. 20. The operations of the Company and its financial situation including particularly its books shall be supervised
by one or several auditors who shall satisfy the requirements of Luxembourg law as to honourableness and professional
experience and who shall carry out the duties prescribed by the 2010 Law.
Such an auditor will be appointed by the shareholders at their annual general meeting and will act as such until being
replaced by its successor.
Art. 21. As is more especially prescribed hereinbelow, the Company 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 Company subject to such
advance notice as the Board of Directors may determine. The redemption price shall be paid in no event no later than five
(5) Luxembourg bank business days from the applicable Valuation Day and shall be equal to the relevant per share Net
Asset Value determined in accordance with the provisions of Article 23 hereof less a redemption charge and/or dilution
levy, if any, as determined by the Board of Directors and specified in the prospectus of the Company. Any such request
must be filed by such shareholder in written form at the registered office of the Company in Luxembourg or with any other
person or entity appointed by the Company as its agent for redemption of shares, together with the delivery of the certificate
(s) (if issued) for such shares in proper form and accompanied by proper evidence of transfer or assignment.
The Company shall have the right, if the Board of Directors so determines and with the consent of the redeeming
shareholder(s), to satisfy payment of the redemption price to any shareholder in whole or in part "inkind" by allocating to
such shareholder assets of the relevant Sub-Fund(s) equal in value as of the Valuation Day on which the redemption price
is calculated to the Net Asset Value of the shares to be redeemed, less any applicable fees and charges, as more fully
specified in the prospectus of the Company. 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 shareholders of the relevant Class(es) of
shares. Any such in-kind redemptions will be valued in a report by the auditors which qualifies as a "réviseur d'entreprises
agréé". The costs of such report shall be borne by the redeeming shareholder(s) unless such in-kind payments are in the
interests of all the shareholders in which case such costs will be borne entirely or partially by the relevant Sub-Fund or
Class.
Shares of the capital of the Company redeemed by the Company shall be cancelled.
Any request for redemption or conversion shall be irrevocable except in the event of suspension of redemptions and
conversions pursuant to the related provisions of Article 22 hereof. In the absence of revocation, redemptions and conver-
sions will occur as of the first applicable Valuation Day after the end of the suspension.
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Subject to any limitation or provision contained in the sales documents any shareholder may request conversion of all
or part of his shares corresponding to a particular Class and Sub-Fund into shares of another existing Class and/or Sub-
Fund, based on the Net Asset Value per share of the Sub-Funds involved. The conversion formula is determined from time
to time by the Board of Directors and disclosed in the current sales documents of the Company.
The Board of Directors may, from time to time, fix for any particular Class or Sub-Fund a minimum redemption or
conversion amount, all as disclosed in the current sales documents of the Company.
The Board of Directors may also limit or even suppress the right of conversion for any particular Sub-Fund.
Art. 22. For the purpose of determining the issue, redemption and conversion price per share, the Net Asset Value of
shares shall be determined by the Company, or by any other person or entity appointed by the Company as its agent for
this purpose, from time to time, but in no instance less than twice monthly, as the Board of Directors may determine (every
such day 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, such Valuation Day shall
then be the next following bank business day in Luxembourg.
If since the last Valuation Day there has been a material change in the quotations on the markets on which a substantial
portion of the investments of the Company attributable to a particular Sub-Fund is dealt in or listed, the Board of Directors
may, in order to safeguard the interests of the shareholders and the Company, cancel the first valuation and carry out a
second valuation; in this case, all the requests for subscription, redemption or conversion received to be executed on the
first valuation will be executed on the second valuation.
The Company may suspend from time to time the determination of the Net Asset Value of shares of any particular Sub-
Fund and the issue and redemption of the shares in such Sub-Fund as well as the conversion from and to shares of such
Sub-Fund during
a) any period when any of the principal markets or stock exchanges on which a substantial portion of the investments
of any Sub-Fund of the Company is quoted, is closed otherwise than for ordinary holidays, or during which dealings thereon
are restricted or suspended;
b) the existence of any state of affairs which constitutes an emergency as a result of which disposal or valuation of assets
owned by any Sub-Fund of the Company would be impracticable;
c) any breakdown in the means of communication normally employed in determining the price or value of any of the
investments attributable to any Sub-Fund or the current prices or values on any market or stock exchange;
d) any period when the Company is unable to repatriate funds for the purpose of making payments on the redemption
of shares of any Sub-Fund or during which any transfer of funds involved in the realisation or acquisition of investments
or payments due on redemption of shares of any Sub-Fund cannot in the opinion of the Board of Directors be effected at
normal prices or rates of exchange;
e) any period when the Company is being or may be liquidated or as from the date on which notice is given of a meeting
of shareholders at which a resolution to liquidate the Company is proposed;
f) in the case of a merger, if the Board of Directors deems this to be justified for the protection of the shareholders;
g) any other situation provided for in the 2010 Law and any applicable regulations.
Any such suspension shall be notified to investors requesting issue, redemption or conversion of shares by the Company
at the time of the application for such issue, redemption or conversion and shall be published by the Company (if in the
opinion of the directors it is likely to exceed fourteen (14) days).
Such suspension as to any Sub-Fund shall have no effect on the determination of the Net Asset Value, the issue, re-
demption and conversion of the shares of any other Sub-Fund.
Pending issues, redemptions or conversions are taken into consideration on the next following Valuation Day after the
end of such suspension.
Art. 23. The Net Asset Value of shares of each Sub-Fund in the Company shall be expressed in the currency of the
relevant Sub-Fund (except that when there exists any state of affairs which, in the opinion of the Board of Directors, makes
the determination in such currency either not reasonably practical or prejudicial to the shareholders, the Net Asset Value
may temporarily be determined in such other currency as the Board of Directors may determine) as a per share figure and
shall be determined in respect of any Valuation Day by dividing the net assets of the Company corresponding to each Sub-
Fund (being the value of the assets of the Company corresponding to such Sub-Fund less the liabilities attributable to such
Sub-Fund) by the number of shares of the relevant Sub-Fund then outstanding.
Where the Board of Directors is of the view that the level of subscriptions, conversions or redemptions in a particular
Sub-Fund will require significant purchases of assets, or sales of assets in order to provide the required liquidity, the Board
of Directors or its delegate may decide, in the best interests of Shareholders, to adjust the Net Asset Value of such Sub-
Fund to account for the estimated dealing spreads, costs and charges incurred in purchasing or liquidating investments and
thus more closely reflect the actual prices of the underlying transactions. The adjustment shall not exceed such percentage
of the Net Asset Value of the relevant Sub-Fund as is set out in the prospectus of the Company on the relevant Valuation
Day.
A. The assets of the Company may include:
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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, time notes, shares, debenture stocks, subscription rights, warrants, options and other investments and
securities owned or contracted for by the Company;
d) all stocks, stock dividends, cash dividends and cash distributions receivable by the Company (provided that the
Company may make adjustments with regard to fluctuations in the market value of securities caused by trading ex-divi-
dends, ex-rights, or by similar practices);
e) all interest accrued on any interest-bearing securities owned by the Company except to the extent that the same is
included or reflected in the principal amount of such security;
f) the preliminary expenses of the Company 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, in principle, 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 Board of Directors may consider appropriate in such case to reflect the true value thereof.
2) The value of securities which are quoted or dealt in on any stock exchange shall be in respect of each security, the
last known price, and where appropriate, the middle market price on the stock exchange which is normally the principal
market for such security.
3) Securities dealt in on another regulated market are valued in a manner as near as possible to that described in the
preceding subparagraph.
4) In the event that any of the securities held in any Sub-Fund’s portfolio on the relevant Valuation Day are not quoted
or dealt in on a stock exchange or another regulated market or, for any of the securities, no price quotation is available, or
if the price as determined pursuant to sub-paragraphs
2) and/or 3) is not in the opinion of the Board of Directors 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.
5) All other assets will be valued at their respective fair values as determined in good faith by the Board of Directors in
accordance with generally accepted valuation principles and procedures.
The Board of Directors, in its discretion, may permit some other method of valuation to be used if it considers that such
valuation better reflects the fair value of any asset.
B. The liabilities of the Company may include:
a) all loans, bills and accounts payable;
b) all accrued or payable administrative fees and expenses (including but not limited to investment advisory fees, cus-
todian fees and central administrative 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 Company where the Valuation Day falls on the
record date for determination of the persons 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 Company, and other reserves if any authorised and approved by the Board of Directors; and
e) all other liabilities of the Company of whatsoever kind and nature except liabilities represented by shares in the
Company. In determining the amount of such liabilities the Company shall take into account all expenses payable by the
Company which may comprise, as applicable, formation expenses, fees and expenses payable to its management company
(if any), investment advisers or investment managers, accountant, custodian, administrative, domiciliary, registrar and
transfer agents, paying agents and permanent representatives in places of registration, any other agent employed by the
Company, fees for legal and auditing services, stock exchange listing costs, promotional, printing, reporting and publishing
expenses, including the cost of advertising or preparing and printing of certificates, prospectuses, explanatory memoranda
or registration statements, financial reports, taxes or governmental charges, and all other operating expenses, including the
cost of buying and selling assets, interest, bank charges, brokerage and communication expenses.
The Company may calculate administrative and other expenses of a regular or recurring nature on an estimated figure
for yearly or other periods in advance, and may accrue the same in equal proportions over any such period.
C. The net assets of the Company shall mean the assets of the Company as hereinabove defined less the liabilities as
hereinabove defined, on the Valuation Day on which the Net Asset Value of the shares is determined. The capital of the
Company shall be at any time equal to the total net assets of the Company, comprising net assets of all Sub-Funds, USD
being the base currency.
D. Allocation of assets and liabilities:
The Board of Directors shall establish a pool of assets for each Sub-Fund in the following manner:
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a) the proceeds from the issue of shares of each Sub-Fund shall be applied in the books of the Company to the Sub-Fund
established for the relevant Class of shares and the assets and liabilities and income and expenditure attributable thereto
shall be applied to such Sub-Fund, 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 Company to
the same Sub-Fund as the asset from which it was derived and on each revaluation of an asset, the increase or decrease in
value shall be applied to the relevant Sub-Fund;
c) where the Company incurs a liability which relates to any asset of a particular Sub-Fund or to any action taken in
connection with an asset of a particular Sub-Fund, such liability shall be allocated to the relevant Sub-Fund;
d) in the case where any asset or liability of the Company cannot be considered as being attributable to a particular Sub-
Fund, such asset or liability shall be allocated to all the Sub-Funds in equal parts or, if the amounts so require, pro rata to
the value of the respective net assets of each Sub-Fund;
e) upon the payment of dividends to the shareholders in any Sub-Fund, the Net Asset Value of such Sub-Fund shall be
reduced by the amount of such dividends.
The Board of Directors may reallocate any asset or liability previously allocated by them if in their opinion circumstances
so require. The Company is one single entity; however, the right of investors and creditors regarding a Sub-Fund or raised
by the constitution, operation or liquidation of a Sub-Fund are limited to the assets of this Sub-Fund, and the assets of a
Sub-fund will be answerable exclusively for the rights of the shareholders relating to this Sub-Fund and for those of the
creditors whose claim arose in relation to the constitution, operation or liquidation of this Sub-Fund. In the relations between
the Company’s shareholders, each Sub-Fund is treated as a separate entity.
E. In case where dividend shares and capitalisation shares are issued in a Sub-Fund as provided in Article 5 hereof, the
Net Asset Value per share of each Class of shares of the relevant Sub-Fund is computed by dividing the net assets of the
relevant Sub-Fund attributable to each Class by the number of shares of each Class then outstanding.
The percentage of net assets of the relevant Sub-Fund to be attributed to each Class of shares, which has been initially
the same as the percentage of the total number of shares represented by such Class, changes pursuant to dividends or other
distributions with respect to dividend shares shall be accounted for in the following manner:
a) at the time of any dividend or other distribution with respect to dividend shares, the net assets attributable to such
Class shall be reduced by the amount of such dividend or other distribution (thus decreasing the percentage of net assets
of the relevant Sub-Fund attributable to the dividend shares) and the net assets attributable to the capitalisation shares shall
remain the same (thus increasing the percentage of net assets of the relevant Sub-Fund attributable to the capitalisation
shares);
b) at the time of any increase of the capital of the Company pursuant to the issue of new shares of either Class, the net
assets attributable to the corresponding Class shall be increased by the amount received with respect to such issue;
c) at the time of redemption by the Company of shares of either Class, the net assets attributable to the corresponding
Class shall be decreased by the amount paid for with respect to such redemption;
d) at the time of conversion of shares of one Class into shares of the other Class, the net assets attributable to such Class
shall be decreased by the net asset value of the shares converted and the net asset value attributable to the corresponding
Class shall be increased by such amount;
e) where the Company incurs a liability which relates to any asset of a particular Class or particular Classes of shares
within a Sub-Fund or to any action taken in connection with an asset of a particular Class or particular Classes of shares
within a Sub-Fund, such liability shall be allocated to the relevant Class or Classes of shares;
f) In the case where any asset or liability of the Company cannot be considered as being attributable to a particular Class
of shares, such asset or liability shall be allocated to all the Classes of shares pro rata to their respective net asset values or
in such other manner as determined by the Board of Directors acting in good faith, provided that (i) where assets, on behalf
of several Sub-Funds, are held in one account and/or are comanaged as a segregated pool of assets by an agent of the Board
of Directors, the respective right of each Class of shares shall correspond to the prorated portion resulting from the con-
tribution of the relevant Class of shares to the relevant account or pool, and (ii) the right shall vary in accordance with the
contributions and withdrawals made for the account of the Class of shares, as described in the sales documents for the
shares of the Company, and finally (iii) all liabilities, whatever Class of shares they are attributable to, shall, unless otherwise
agreed upon with the creditors, be binding upon the Company as a whole.
F. In the interest of efficient management of its assets, the Company, respectively the Fund’s appointed management
company, as far as required by law, may manage all or part of the assets of one or more Sub-Funds on the basis of pooling,
in compliance with their respective investment policies.
G. For the purposes of this Article:
a) shares of the Company to be redeemed shall be treated as existing and taken into account until immediately after the
close of business on the Valuation Day referred to in the Article 22, and from such time and until paid the price therefore
shall be deemed to be a liability of the Company;
b) shares to be issued by the Company pursuant to subscription applications received shall be treated as being in issue
as from the close of business on the Valuation Day referred to in the Article 22 and such price, until received by the
Company, shall be deemed to be a debt due to the Company;
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c) all investments, cash balances and other assets of the Company expressed otherwise than in Euro shall be valued after
taking into account the market rate or rates of exchange in force at the date for determination of the Net Asset Value of
shares and
d) effect shall be given on any Valuation Day to any purchases or sales of securities contracted for by the Company on
such Valuation Day, to the extent practicable.
Art. 24. Whenever the Company shall offer shares of any Sub-Fund for subscription, the price per share at which such
shares shall be offered and sold shall be the Net Asset Value as described in Article 23 for the relevant Class and Sub-Fund
plus, as the case may be, such commissions and/or dilution levy, if any, as determined by the Board of Directors and
specified in the prospectus of the Company. Any remuneration to agents active in the placing of the shares shall be paid
out of such commissions. The price so determined shall be payable within the time period established by the Board of
Directors but in no event no later than 5 Luxembourg bank business days from the applicable Valuation Day.
Art. 25. The financial year of the Company shall begin on the first day of January in each year and shall terminate on
the last day of December of the same year.
Art. 26. For each Sub-Fund and with respect to dividend shares, the general meeting of shareholders may, upon the
proposal of the Board of Directors and within the limits provided by law, resolve a distribution of dividends to such
shareholders.
The Board of Directors may also declare interim dividends with respect to dividend shares.
Any resolution of a general meeting of shareholders deciding whether or not dividends are to be distributed to share-
holders of any Sub-Fund entitled thereto shall, in addition, be subject to a prior vote of the shareholders of the relevant
Class, as far as these shareholders are present or represented, deciding at the quorum and majority requirements provided
by Article 11 here above.
No dividends shall be paid on capitalisation shares. The holders of capitalisation shares participate equally in the results
of the Company, their related part staying invested in the Company and remaining credited to the capitalisation shares.
Art. 27. In the event of a dissolution of the Company, 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 operations of liquidation will be carried out pursuant to the 2010 Law.
The net proceeds of liquidation corresponding to each Sub-Fund shall be distributed by the liquidators to the holders of
shares of each Sub-Fund in proportion to their holding in the respective Sub-Fund(s).
In the event that for any reason the aggregate value of the shares of a given Sub-Fund or Class has decreased to, or has
not reached, a certain amount determined by the Board of Directors to be the minimum level for a Sub-Fund or Class to
be operated in an economically efficient manner or if a change in the social, economic or political situation relating to the
Sub-Fund or Class concerned would justify a liquidation of the Sub-Fund or Class concerned or if the interests of the
shareholders would justify it, the Board of Directors may decide to liquidate the Sub-Fund or Class concerned by a com-
pulsory redemption of the shares related to such Sub-Fund or Class.
The liquidation of a Sub-Fund has no implications on the remaining Sub-Funds or the Company as a whole. Only the
liquidation of the last remaining Sub-Fund will result in the liquidation of the Company itself, which will be carried out
pursuant to this Article 27 and to the 2010 Law.
The decision of the liquidation will be published or notified to the shareholders by the Company prior to the effective
date of the liquidation and the publication or notification will indicate the reasons for, and the procedures of, the liquidation
operations. Unless the Board of Directors otherwise decides in the interests of, or to keep equal treatment between, the
shareholders, the shareholders of the Sub-Fund or 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 Sub-Fund
or Class concerned will be deposited with the Caisse de Consignation on behalf of their beneficiaries.
In all other circumstances or where the Board of Directors determines that the decision should be put for shareholders'
approval, the decision to liquidate a Sub-Fund or Class may be taken at a meeting of shareholders of the Sub-Fund or Class
to be liquidated. At such Sub-Fund or Class meeting, no quorum shall be required and the decision to liquidate will be
taken by simple majority of the votes cast. The decision of the meeting will be notified and/or published by the Company
in accordance with applicable laws and regulations.
In accordance with the definitions and conditions set out in the 2010 Law any Sub-Fund may, either as a merging Sub-
Fund or as a receiving Sub-Fund, be subject to mergers with another Sub-Fund of the Company or another UCITS, on a
domestic or cross-border basis. The Company itself may also, either as a merging UCITS or as a receiving UCITS be
subject to domestic and cross-border mergers in accordance with the conditions set out in the 2010 Law.
Any merger of a Sub-Fund or of the Company shall be decided upon by the Board of Directors, unless the Board of
Directors decided to submit the decision for a merger to a meeting of shareholders. No quorum is required for this meeting
and decisions are taken by the simple majority of the votes cast. In case of a merger of one or more Sub-Funds where, as
a result, the Company ceases to exist, the merger shall be decided by a meeting of shareholders for which no quorum is
required and that may decide with a simple majority of the votes cast. Insofar as a merger requires the approval of the
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shareholders pursuant to this paragraph and the provisions of the 2010 Law, only the approval of the shareholders of the
Sub-Fund(s) concerned by the merger shall be required. In addition, the provisions on mergers of UCITS set forth in the
2010 Law and any implementing regulations (relating in particular to the notification of the shareholders) shall apply.
The Board of Directors may also, under the circumstances provided in the fourth paragraph of this Article 27 decide the
reorganisation of any Sub-Fund by means of a division into two or more separate Sub-Funds. To the extent required by
Luxembourg law, such decision will be published or notified, if appropriate, in the same manner as described in the fifth
paragraph of this Article 27 and, in addition, the publication or notification will contain information in relation to the Sub-
Funds resulting from the reorganisation.
In the circumstances provided in the fourth paragraph of this Article 27, the Board of Directors may also, subject to
regulatory approval (if required), decide to consolidate or split any Class within a Sub-Fund. To the extent required by
Luxembourg law, such decision will be published or notified in the same manner as described in the fifth paragraph of this
Article 27 and the publication and/or notification will contain information in relation to the proposed split or consolidation.
The Board of Directors may also decide to submit the question of the consolidation or split of Class to a meeting of
shareholders of such Class. No quorum is required for this meeting and decisions are taken by the simple majority of the
votes cast.
Art. 28. Under the conditions set forth in Luxembourg laws and regulations, the Board of Directors may, 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 prospectus of the Company, (i) create any Sub-Fund qualifying either as a feeder UCITS
sub-fund or as a master UCITS sub-fund, (ii) convert any existing Sub-Fund into a feeder UCITS sub-fund or (iii) change
the master UCITS of any of its feeder UCITS sub-funds.
Art. 29. These Articles of Incorporation may be amended from time to time by a general meeting of shareholders, subject
to the quorum and voting requirements provided by the laws of Luxembourg.
Any amendment affecting the rights of the holders of shares of any Class vis-à-vis those of any other Class or Sub-Fund
shall be subject, further, to the said quorum and majority requirements in respect of each such Class as far as the shareholders
of this Class are present or represented.
Art. 30. All matters not governed by these Articles of Incorporation shall be determined in accordance with the Lu-
xembourg law of 10
th
August 1915 on commercial companies and amendments thereto and the 2010 Law.”
<i>Costsi>
The expenses, costs, remunerations or charges in any form whatsoever which shall be borne by the Company as a result
of the present deed are estimated at approximately thousand euro.
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 only in accordance with Article 26 (2) of the 2010 Law.
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 appearing persons, known to the notary, by their surnames, first names, civil
status and residences, said appearing persons signed together with Us, notary, the present original deed.
Signé: C. BÉCUE, C. DUGUÉ, L. DE CRAYENCOUR, J.J. WAGNER.
Enregistré à Esch-sur-Alzette A.C., le 1
er
février 2016. Relation: EAC/2016/2817. Reçu soixante-quinze Euros (75.-
EUR).
<i>Le Receveuri> (signé): SANTIONI.
Référence de publication: 2016060937/745.
(160022291) Déposé au registre de commerce et des sociétés de Luxembourg, le 4 février 2016.
Camden Finance S.A., Société Anonyme.
Siège social: L-2450 Luxembourg, 15, boulevard Roosevelt.
R.C.S. Luxembourg B 145.483.
- Constituée suivant acte reçu par Maître Karine REUTER, notaire de résidence à Redange-Attert, en date du 25 mars
2009, publié au Mémorial Recueil Spécial C n°813 du 16 avril 2009.
Il résulte du procès-verbal de l'assemblée générale extraordinaire tenue le 17 juin 2015, que les mandats suivants ont
été renouvelés pour une période de 6 ans, jusqu'à la prochaine assemblée générale ordinaire qui se tiendra en 2021:
- Monsieur Jean FABER, licencié en sciences économiques et sociales, demeurant professionnellement à 15, boulevard
Roosevelt, L-2450 Luxembourg: administrateur.
- Madame Claude KRAUS, expert-comptable, demeurant professionnellement à 15, boulevard Roosevelt, L-2450 Lu-
xembourg: administrateur.
- REVILUX S.A., inscrite auprès du registre de commerce de Luxembourg sous le n° B-25.549, avec siège social au
17, boulevard Roosevelt, L-2450 Luxembourg: commissaire aux comptes.
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Luxembourg, le 30 novembre 2015.
<i>Pour la société CAMDEN FINANCE S.A.
i>FIDUCIAIRE FERNAND FABER
Référence de publication: 2015193323/20.
(150217187) Déposé au registre de commerce et des sociétés de Luxembourg, le 1
er
décembre 2015.
Cotton Connect Global S.à r.l., Société à responsabilité limitée.
Capital social: EUR 12.500,00.
Siège social: L-1255 Luxembourg, 48, rue de Bragance.
R.C.S. Luxembourg B 150.383.
EXTRAIT
La fondation Textile Exchange (dénommée ci-après la Fondation), associée de la Société, a modifié son siège social en
date du 01/10/2014. Le siège social de la Fondation se situe au: 511 South 1
st
Street, Lamesa, Texas, 79331-6245, United
States of America.
Référence de publication: 2015193315/12.
(150217084) Déposé au registre de commerce et des sociétés de Luxembourg, le 1
er
décembre 2015.
Cafor Holding S.A., Société Anonyme.
Siège social: L-1417 Luxembourg, 8, rue Dicks.
R.C.S. Luxembourg B 97.864.
<i>Extrait du procès-verbal de la Réunion du Conseil d'administration tenue le 30 novembre 2015 à 11.30 heuresi>
<i>Extrait des résolutions prises:i>
Après discussion pleine et entière,
1. Le Conseil d'Administration constate que le siège social de la société a été transféré du 9, Boulevard Dr Charles Marx,
L-2130 Luxembourg au 8, rue Dicks, L-1417 Luxembourg, en date du 27 novembre 2015.
Référence de publication: 2015193319/12.
(150216841) Déposé au registre de commerce et des sociétés de Luxembourg, le 1
er
décembre 2015.
Black Metallic Holdings S.à r.l., Société à responsabilité limitée.
Siège social: L-2520 Luxembourg, 1, allée Scheffer.
R.C.S. Luxembourg B 163.359.
DISSOLUTION
In the year two thousand and fifteen, on the twenty-third day of November.
Before Us Me Carlo WERSANDT, notary residing in Luxembourg (Grand-Duchy of Luxembourg), undersigned;
THERE APPEARED:
Iron Khan Metals Inc., a company governed by the laws of Canada, having its registered office at 2900 - 550 Burrard
Street, Vancouver, BC V6C 0A3, and registered with the Register of Companies, Province of British Columbia (Canada)
under number BC0903740 (the “Sole Shareholder”),
here represented by Me Christine RENNER, Rechtsanwältin, residing professionally in Luxembourg, by virtue of a
proxy given under private seal.
Said proxy after signature ne varietur by the proxyholder and the undersigned notary shall remain attached to the present
deed to be filed at the same time with the registration authorities.
Such appearing party, through its proxyholder, has requested the undersigned notary to state that:
- The company Black Metallic Holdings S.à r.l., a private limited liability company (société à responsabilité limitée)
governed by the laws of the Grand Duchy of Luxembourg, with registered office at 1, Allée Scheffer, L-2520 Luxembourg,
Grand Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number
B 163359, has been incorporated pursuant to a deed of Maître Joseph ELVINGER, notary residing in Luxembourg on 31
August 2011, published in the Mémorial C, Recueil des Sociétés et Associations, number 2650 on 2 November 2011
(hereafter referred to as the “Company”).
- The Company's capital is currently set at eighteen thousand United States Dollars (USD 18,000.-), represented by one
hundred eighty (180) shares with a par value of one hundred United States Dollars (USD 100.-) each, all fully subscribed
and entirely paid up.
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- The Sole Shareholder is the owner of all the shares of the Company.
- The Sole Shareholder resolves to dissolve the Company with immediate effect and to act as liquidator of the Company.
- The Sole Shareholder declares that it has full knowledge of the articles of association of the Company and that it
approves the financial situation of the Company for the period from 1 January 2015 to 11 November 2015.
- The Sole Shareholder, as liquidator of the Company, declares that the activity of the Company has ceased, that the
known liabilities of the Company have been settled or fully provided for, that it is, as sole shareholder of the Company,
vested with all the assets of the Company and hereby expressly declares that it will take over and assume all liabilities of
the Company (including tax liabilities), any known but unpaid liabilities and in particular any hidden and unknown liabilities
at the present time; consequently the liquidation of the Company is deemed to have been carried out and closed.
- The Sole Shareholder hereby grants full discharge to the current managers of the Company for their mandates as
managers of the Company up to this date.
- The books, documents and records of the dissolved Company shall be kept for five years at the former registered office
of the Company.
Upon these facts the notary stated that the Company was dissolved.
<i>Statementi>
The undersigned notary, who understands and speaks English and French, states herewith that, on request of the above
appearing party, the present deed is worded in English followed by a French version; on request of the same appearing
party, and in case of discrepancies between the English and the French text, the English version will prevail.
WHEREOF, the present deed was drawn up in Luxembourg, at the date indicated at the beginning of the document.
After reading the present deed to the proxyholder of the appearing party, known to the notary by name, first name, civil
status and residence, the said proxyholder has signed with Us, the notary, the present original deed.
Suit la traduction française du texte qui précède
L'an deux mille quinze, le vingt-troisième jour du mois de juillet.
Par-devant Maître Carlo WERSANDT, notaire de résidence à Luxembourg (Grand-Duché de Luxembourg), soussigné.
A COMPARU:
Iron Khan Metals Inc., une société régie par les lois du Canada ayant son siège social au 2900 - 550 Burrard Street,
Vancouver, BC V6C 0A3, Canada et immatriculée auprès du Register of Companies, Province de Colombie Britanique
(Canada) sous le numéro BC0903740 (l'«Associée Unique»),
ici représenté par Maître Christine RENNER, Rechtsanwältin, résidant professionnellement à Luxembourg, en vertu
d'une procuration donnée sous seing privé.
Laquelle procuration, après signature ne varietur par le mandataire et le notaire instrumentant, demeurera annexée aux
présentes pour être enregistrée en même temps.
Laquelle comparante, par son mandataire, a requis le notaire instrumentant d'acter ce qui suit:
- La société Black Metallic Holdings S.à r.l., une société à responsabilité limitée régie par les lois du Grand-Duché de
Luxembourg, ayant son siège social au 1, Allée Scheffer, L-2520 Luxembourg, Grand-Duché de Luxembourg et imma-
triculée auprès du Registre de Commerce et des Sociétés de Luxembourg sous le numéro B 163359, a été constituée suivant
un acte de Maître Joseph ELVINGER, notaire de résidence à Luxembourg, le 31 août 2011, publié au Mémorial C, Recueil
des Sociétés et Associations numéro 2650 du 2 Novembre 2011 (ci-après dénommée la «Société»).
- Le capital social de la Société est actuellement fixé à dix-huit mille Dollars des Etats-Unis d'Amérique (USD 18.000,-),
représenté par cent quatre-vingt (180) parts sociales d'une valeur nominale de cent Dollars des Etats-Unis d'Amérique (USD
100,-) chacune, toutes intégralement souscrites et entièrement libérées.
- L'Associée Unique est l'unique propriétaire de la totalité des parts sociales de la Société.
- L'Associée Unique décide de prononcer la dissolution de la Société avec effet immédiat et d'agir en tant que liquidateur
de la Société.
- L'Associée Unique déclare qu'il a pleine connaissance des statuts de la Société et qu'il approuve la situation financière
de la Société pour la période du 1
er
janvier 2015 au 11 novembre 2015.
- L'Associée Unique, en sa qualité de liquidateur de la Société déclare que l'activité de la Société a cessé, que le passif
connu de ladite Société a été réglé ou provisionné, et qu'elle est, en tant qu'associée unique de la Société, investie de tout
l'actif de la Société et qu'elle s'engage expressément à prendre à sa charge tout le passif de la Société (charges fiscales
comprises), tout passif connu mais impayé, et en particulier tout passif dissimulé et inconnu à ce jour; en conséquence la
liquidation de la Société est à considérer comme effectuée et clôturée.
- L'Associée Unique donne décharge pleine et entière aux actuels gérants de la Société pour leur mandat de gérants de
la Société jusqu'à ce jour.
- Les livres documents et pièces relatifs à la Société dissoute resteront conservés durant cinq ans à l'ancien siège social
de la Société.
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Sur base de ces faits le notaire a constaté la dissolution de la Société.
<i>Déclarationi>
Le notaire soussigné, qui comprend et parle l'anglais et le français, déclare par les présentes, qu'à la requête de la partie
comparante le présent acte est rédigé en anglais suivi d'une version française; à la requête de la même partie comparante,
et en cas de divergences entre le texte anglais et français, la version anglaise prévaudra.
DONT ACTE, passé à Luxembourg, à la date indiquée en tête des présentes.
Après lecture du présent acte au mandataire de la partie comparante, connu du notaire par nom, prénom, état civil et
domicile, ledit mandataire a signé avec Nous, notaire, la présente minute.
Signé: C. RENNER, C. WERSANDT.
Enregistré à Luxembourg A.C. 2, le 26 novembre 2015. 2LAC/2015/26845. Reçu soixante-quinze euros 75,00 €.
<i>Le Receveuri> (signé): André MULLER.
POUR EXPEDITION CONFORME, délivrée;
Luxembourg, le 30 novembre 2015.
Référence de publication: 2015193269/96.
(150217621) Déposé au registre de commerce et des sociétés de Luxembourg, le 1
er
décembre 2015.
Palis Limited, Société à responsabilité limitée.
Capital social: GBP 12.500,00.
Siège social: L-1882 Luxembourg, 5, rue Guillaume Kroll.
R.C.S. Luxembourg B 167.975.
In the year two thousand and fifteen, on the second day of November.
Before Us, Maître Jacques Kesseler, notary residing in Pétange (Grand Duchy of Luxembourg).
THERE APPEARED:
Palis Holding S.à r.l., a société à responsabilité limitée, existing under Luxembourg law, established and having its
registered office at 5, rue Guillaume Kroll, L-1882 Luxembourg, registered with the Luxembourg Trade and Companies
Register under number B163142 (the "Sole Shareholder"), here represented by Mrs Sofia AFONSO-DA CHAO CONDE,
notary clerk, residing professionally in Pétange, by virtue of a power of attorney given on 27 October 2015, which power
of attorney, after having been signed ne varietur by the attorney of the appearing party and the undersigned notary, will be
registered with the present deed.
The appearing party is the Sole Shareholder of Palis Limited, a company having its registered office in Guernsey and
having its business and administrative office and the principal establishment at 5, rue Guillaume Kroll, L-1882 Luxembourg,
registered with the Luxembourg Trade and Companies Register number B167.975, registered in Luxembourg by a deed
enacted by Maître Martine SCHAEFFER on 9 February 2012, published in the Luxembourg Mémorial C, Recueil des
Sociétés et Associations, number 1259 dated 21 May 2012 (the "Company").
The following documents are submitted to the notary:
1. A copy of the minutes of the board meeting of the Company held on 24 September 2015 and resolving upon the
relocation of the place of central administration and effective management of the Company from Luxembourg-City, Grand
Duchy of Luxembourg to London, United Kingdom, with immediate effect; and
2. An interim balance sheet of the Company dated 2 November 2015 (the “Interim Balance Sheet”).
All the above documents signed "ne varietur" by the proxyholder of the appearing party and the undersigned notary will
remain annexed to the present deed for the purpose of registration.
The appearing party representing the whole share capital of the Company requires the notary to act the following
resolutions with immediate effect:
<i>First resolutioni>
The Sole Shareholder resolves to transfer the central administration and effective management of the Company from
Luxembourg-City, Grand Duchy of Luxembourg, to London, United Kingdom, without the Company being dissolved but
on the contrary with full corporate and legal continuance.
<i>Second resolutioni>
The Sole Shareholder resolves to establish the central administration and effective management of the Company at 16
Finchley Road, London, NW8 6EB, United Kingdom, with effective date as of the date of the present Deed.
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<i>Third resolutioni>
The Sole Shareholder grants full power and authority to any employee of Cambridge Terrace (Director) Ltd, a limited
company existing under Guernsey laws, with address at 16 Finchley Road, London, NW8 6EB (the sole manager of the
Company) or any notary clerk in Luxembourg, to proceed with all and any action necessary in order to accomplish the de-
registration of the Company with the Luxembourg trade and companies register.
<i>Declarationi>
The undersigned notary who understands and speaks English, states herewith that on request of the above appearing
party, the present deed is worded in English followed by a French version and in case of divergences between the English
and the French text, the English version will prevail.
WHEREOF, the present deed was drawn up in Pétange, on the day named at the beginning of this document.
The document having been read to the proxyholder of the person appearing, she signed together with the notary the
present deed.
Suit la traduction française du texte qui précède
L’an deux mille quinze, le deux novembre,
Devant Nous, Maître Jacques Kesseler, notaire résidant à Pétange (Grand-duché de Luxembourg).
A COMPARU:
Palis Holding S.à r.l., une société à responsabilité limitée, établie au Luxembourg, ayant son siège social au 5, rue
Guillaume Kroll, L-1882 Luxembourg, immatriculée auprès du Registre du Commerce et des Sociétés sous le numéro B
163142 (l’«Associé Unique»), ici représentée par Madame Sofia AFONSO-DA CHAO CONDE, clerc de notaire, résidant
professionnellement à Luxembourg, selon un pouvoir accordé le 27 octobre 2015, lequel pouvoir, après avoir été signé ne
varietur par le représentant et le notaire soussigné, sera enregistré ensemble avec le présent acte.
La partie comparante est l’Associé Unique de Palis Limited, une société ayant son siège social à Guernesey et ayant un
centre d’affaires et bureaux et son principal établissement au 5, rue Guillaume Kroll, L-1882 Luxembourg, immatriculée
auprès du Registre du Commerce et des Sociétés de Luxembourg sous le numéro B167.975, dont l’établissement à Lu-
xembourg a été décidé par un acte du notaire Maître Martine SCHAEFFER le 9 février 2012, publié au Mémorial C, Recueil
des Sociétés et Associations, numéro 1259 daté du 21 mai 2012 (la «Société»).
Le notaire a reçu les documents suivants:
1. une copie du conseil de gérance tenu le 24 septembre 2015 et décidant du transfert de l’administration centrale et de
la direction effective de la Société de Luxembourg- Ville, Grand-Duché de Luxembourg vers Londres, Royaume-Uni, avec
effet immédiat; et
2. Un bilan intérimaire de la Société daté du 2 novembre 2015 (le “Bilan Intérimaire”).
Les documents ci-dessus signés ne varietur par le mandataire de la partie comparante et le notaire soussigné resteront
annexés au présent acte pour les besoins de l’enregistrement.
La partie comparante représentant l’entièrement du capital social de la Société a requis du notaire instrumentant d’acter
les résolutions suivantes avec effet immédiat:
<i>Première résolutioni>
L’Associé Unique décide de transférer l’administration centrale et la direction effective de la Société de Luxembourg-
Ville, Grand-Duché de Luxembourg vers Londres, Royaume-Uni, sans dissolution de la Société mais au contraire, avec
continuité entière de la personnalité sociale.
<i>Deuxième résolutioni>
L’Associé Unique décide d’établir l’administration centrale et la direction effective de la Société au 16 Finchley Road,
Londres, NW8 6EB, Royaume-Uni, avec effet à la date du présent acte.
<i>Troisième résolutioni>
L’Associé Unique décide de donner un pouvoir individuel à tout employé de Cambridge Terrace (Director) Ltd, une
limited company existant sous les lois de Guernesey, ayant son adresse au 16 Finchley Road, Londres, NW8 6EB (le gérant
unique de la Société), ou tout clerc de notaire à Luxembourg, afin de procéder à la radiation de la Société auprès du Registre
de Commerce et des Sociétés de Luxembourg.
<i>Déclarationi>
Le notaire soussigné, qui comprend et parle la langue anglaise, déclare qu'à la requête du représentant de la partie
comparante, le présent acte est rédigé en anglais, suivi d'une version française. Sur demande de la partie comparante, en
cas de divergences entre la version anglaise et française, la version anglaise fera foi.
DONT ACTE, rédigé et passé à Pétange, à la date indiquée en tête des présentes.
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Et après lecture faite au mandataire de la partie comparante, ce mandataire a signé avec le notaire instrumentant le présent
acte original.
Signé: Conde, Kesseler.
Enregistré à Esch/Alzette Actes Civils, le 06 novembre 2015. Relation: EAC/2015/25899. Reçu soixante-quinze euros
75,00 €.
<i>Le Receveur ff.i> (signé): M. Halsdorf.
POUR EXPEDITION CONFORME.
Référence de publication: 2015192922/97.
(150216321) Déposé au registre de commerce et des sociétés de Luxembourg, le 30 novembre 2015.
Equinocse Sàrl, Société à responsabilité limitée.
Capital social: EUR 14.535,00.
Siège social: L-2613 Luxembourg, 5, place du Théâtre.
R.C.S. Luxembourg B 143.855.
CLÔTURE DE LIQUIDATION
L'AN DEUX MILLE QUINZE, LE DIX-HUIT NOVEMBRE.
Par-devant Maître Cosita DELVAUX, notaire de résidence à Luxembourg,
se réunie
l'Assemblée Générale Extraordinaire des associés de la société EQUINOCSE Sàrl, une société à responsabilité limitée
ayant son siège social au 5, Place du Théâtre, L-2613 Luxembourg, inscrite au Registre de Commerce et des Sociétés de
Luxembourg, à la section B, sous le numéro 143.855, ayant un capital social de quatorze mille cinq cent trente-cinq euros
(EUR 14.535,-) représentée par quatorze mille cinq cent trente-cinq (14.535) parts sociales d'une valeur nominale d'un euro
(EUR 1,-) chacune (la «Société»), constituée sous la dénomination de Tower 5 S.àr.l. suivant acte reçu par Maître Jacques
DELVAUX, alors notaire de résidence à Luxembourg, en date du 1 décembre 2008, publié au Mémorial C, Recueil des
Sociétés et Associations numéro 162 du 24 janvier 2009, et dont les statuts ont été modifiés la dernière fois le 10 décembre
2008, par acte de Maître Jacques DELVAUX, prénommé, publié au Mémorial C, Recueil des Sociétés et Associations
numéro 330 du 14 février 2009.
La société a été mise en liquidation suivant acte du notaire instrumentant en date du 7 septembre 2015, publié au Mémorial
C, Recueil des Sociétés et Associations numéro 2947 du 28 octobre 2015, comprenant la nomination de EQUINOX S.A.,
ayant son siège social au 5, Place du Théâtre, L-2613 Luxembourg, R.C.S. Luxembourg B 77.581, en tant que liquidateur.
La séance est ouverte sous la présidence de Monsieur Massimiliano SELIZIATO, employé privé, demeurant profes-
sionnellement à Luxembourg,
Le président désigne comme secrétaire Monsieur Alessandro CUSUMANO, employé privé, demeurant professionnel-
lement à Luxembourg.
L'assemblée choisit comme scrutateur Monsieur Paolo BARTOLUCCI, employé privé, demeurant professionnellement
à Luxembourg.
Le bureau de l’assemblée ayant ainsi été constitué, le Président déclare et requiert au notaire que:
A) L’ordre du jour de l’assemblée est le suivant:
<i>Ordre du jour:i>
I) Présentation et approbation du rapport du commissaire vérificateur à la liquidation;
II) Décharge à accorder aux administrateurs et au commissaire aux comptes en fonctions lors de la mise en liquidation
de la Société
III) Décharge au liquidateur et au commissaire à la liquidation pour leur mandat respectif;
IV) Désignation de l’endroit où les livres et documents sociaux devront être déposés et conservés pendant cinq ans;
V) Clôture de la liquidation;
VI) Mandats à confier en vue de clôturer les comptes de la Société et d’accomplir toutes les formalités;
VII) Divers.
B) Que les associés présents ou représentés, les mandataires des associés représentés, ainsi que le nombre de parts
sociales qu'ils détiennent, sont indiqués sur une liste de présence; cette liste de présence, après avoir été signée par les
associés présents, les mandataires des associés représentés ainsi que par les membres du bureau, restera annexée au présent
procès-verbal pour être soumise avec lui à la formalité de l'enregistrement.
C) Que les procurations des associés représentés, après avoir été signées ne varietur par les comparants resteront pa-
reillement annexées aux présentes.
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D) Que toutes les quatorze mille cinq cent trente-cinq (14.535) parts sociales représentatives de l'intégralité du capital
social sont présentes ou représentées à la présente assemblée, que les associés présents ou représentés déclarant avoir eu
connaissance de l'ordre du jour qui leur a été communiqué au préalable, et que dès lors il a pu être fait abstraction des
convocations d'usage.
E) Que la présente assemblée est par conséquent régulièrement constituée et peut délibérer valablement sur tous les
points portés à l'ordre du jour.
Ces faits ayant été reconnus exacts par l'assemblée, cette dernière a pris l'unanimement les résolutions suivantes:
<i>Première résolutioni>
L’assemblée prend acte de et approuve le rapport de la société ERNST & YOUNG, ayant son siège social au 7, Rue
Gabriel Lippmann, Parc d’Activité Syrdall 2, L-5365 Luxembourg, nommée commissaire vérificateur à la liquidation,
lequel rapport restera ci-annexé.
<i>Deuxième résolutioni>
L'assemblée confirme la résolution prise lors de l’assemblée de dissolution et mise en liquidation de la Société en date
du 7 septembre 2015 de donner décharge de toute responsabilité présente et future tant aux gérants qu'au reviseur d'entre-
prises agrée pour accomplissement de leurs mandats respectifs.
<i>Troisième résolutioni>
L'assemblée décide de donner décharge de toute responsabilité présente et future tant au liquidateur qu'au commissaire-
vérificateur à la liquidation pour l'exercice de leurs mandats respectifs.
<i>Quatrième résolutioni>
L'assemblée décide que les livres et documents sociaux de la Société resteront déposés pendant cinq (5) années au 5,
Place du Théâtre, L-2613 Luxembourg, et qu'en outre les sommes et valeurs éventuelles revenant aux associés ou aux
créanciers qui ne se seraient pas présentés à la clôture de la liquidation seront déposés auprès d’un compte bancaire spé-
cialement ouvert auprès de Intesa Sanpaolo Bank Luxembourg, 19-21, Bld du Prince Henri, L-1724 Luxembourg.
<i>Cinquième résolutioni>
L'assemblée prononce la clôture de la liquidation de la Société.
<i>Sixième résolutioni>
L'assemblée donne tout pouvoir au liquidateur, la société EQUINOX S.A., pré-désignée, afin d’effectuer les opérations
de clôture selon le rapport du commissaire-vérificateur et aussi d’effectuer toutes les opérations financières ou autres,
nécessaires pour réaliser la clôture matérielle de la liquidation, y compris celui de conduire éventuellement des procès en
la matière.
<i>Clôture de l’assembléei>
Toutes les résolutions qui précèdent ont été prises chacune séparément et à l'unanimité des voix. L'ordre du jour étant
épuisé, Monsieur le Président prononce la clôture de l'assemblée.
<i>Evaluation des fraisi>
Le montant total des frais, dépenses, rémunérations ou charges, sous quelque forme que ce soit, qui incombent à la
Société ou qui sont mis à sa charge à raison du présent acte, s'élève approximativement à mille quatre cent cinquante euros
(EUR 1.450,-).
DONT ACTE, le présent acte a été passé à Luxembourg, à la date indiquée en tête des présentes.
Après lecture du présent acte aux comparants, connus du notaire par leurs noms, prénoms, états civils et domiciles,
lesdits comparants ont signé avec Nous notaire le présent acte.
Signé: M. SELIZIATO, A. CUSUMANO, P. BARTOLUCCI, C. DELVAUX.
Enregistré à Luxembourg Actes Civils 1, le 20 novembre 2015. Relation: 1LAC/2015/36775. Reçu soixante-quinze
euros 75,00 €
<i>Le Receveuri> (signé): P. MOLLING.
POUR EXPEDITION CONFORME, délivrée aux fins de dépôt au Registre de Commerce et des Sociétés de Luxem-
bourg et aux fins de publication au Mémorial C, Recueil des Sociétés et Associations.
Luxembourg, le 1
er
décembre 2015.
Me Cosita DELVAUX.
Référence de publication: 2015193410/94.
(150217068) Déposé au registre de commerce et des sociétés de Luxembourg, le 1
er
décembre 2015.
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MK Luxinvest S.A., Société Anonyme.
Siège social: L-5365 Munsbach, 9A, rue Gabriel Lippmann.
R.C.S. Luxembourg B 43.576.
Im Jahre zweitausend und fünfzehn, am sechzehnten November.
Vor dem unterzeichnenden Notar Martine SCHAEFFER, mit Amtssitz in Luxemburg.
Versammelte sich die außerordentliche Generalversammlung der Aktionäre der Aktiengesellschaft "MK LUXINVEST
S.A.", mit Sitz in L-1736 Senningerberg Luxemburg, 5, Heienhaff, eingetragen im Handels- und Gesellschaftsregister
Luxemburg Sektion B unter der Nummer 43.576,
gegründet durch eine Urkunde aufgenommen durch Notar Edmond SCHROEDER mit damaligem Amtssitz in Mersch,
am 21. Mai 1993, veröffentlicht im Mémorial C, Recueil des Sociétés et Associations, Nummer 236 vom 21. Mai 1993.
Die Satzung wurde zuletzt geändert durch eine Urkunde aufgenommen durch Notar Pierre PROBST, mit dem Amtssitz
in Ettelbrück am 15. Dezember 2011 veröffentlicht im Mémorial C, Recueil des Sociétés et Associations, Nummer 344
vom 9. Februar 2012.
Die Sitzung wird unter dem Vorsitz von Frau Mme Leyla Gürbüzel, Privatangestellte, mit Berufsanschrift in Luxemburg,
eröffnet,
welcher Herrn Liridon ELSHANI, Privatangesteller, mit Berufsanschrift in Luxemburg, zum Protokollführer ernennt.
Die Versammlung wählte Frau Marilyn KRECKE, Privatangestellte, mit Berufsanschrift in Luxemburg, als Wahlprüfer.
Nachdem das Sitzungspräsidium konstituiert ist, erklärt der Vorsitzende und bat den unterzeichnenden Notar festzus-
tellen, dass:
I. Die erschienenen oder vertretenen Aktionäre der Aktiengesellschaft sowie die Anzahl der von ihnen gehaltenen Aktien
auf einer Anwesenheitsliste angeführt sind, welche nach Paraphierung durch den Präsidenten und den amtierenden Notar,
gegenwärtiger Urkunde beigebogen bleibt, um mit ihr registriert zu werden.
II. Aus der Anwesenheitsliste geht hervor, dass die 10,000 (zehntausend) bestehenden Aktien, welche das gesamte
Gesellschaftskapital darstellen, in gegenwärtiger außerordentlichen Generalversammlung zugegen oder vertreten sind, und
die Versammlung somit rechtsgültig über sämtliche Punkte der Tagesordnung entscheiden kann.
III. Die Tagesordnung gegenwärtiger Generalversammlung begreift nachfolgende Punkte:
1. Verlegung des Sitzes der Gesellschaft von L-1736 Senningerberg, 5, Heienhaff, nach L-5365 Munsbach, 9A, rue
Gabriel Lippmann
2. Änderung des ersten Satzes von Artikel 3 der Satzung der Gesellschaft um die Verlegung des Gesellschaftssitzes
nach Senningerberg widerzuspiegeln sodass dieser wie folgt lautet: «Der Sitz der Gesellschaft befindet sich innerhalb der
Gemeinde von Schuttrange.»
3. Verschiedenes
Die außerordentliche Generalversammlung der Aktionäre fasst nach eingehenden Erörterungen einstimmig die folgen-
den Beschlüsse:
<i>Erster Beschlussi>
Die Generalversammlung beschließt den Sitz der Gesellschaft vom derzeitigen Standort in L-1736 Senningerberg, 5,
Heienhaff, mit Wirkung zum 1. Dezember 2015 nach L-5365 Munsbach, 9A, rue Gabriel Lippmann, zu verlegen.
<i>Zweiter Beschlussi>
Die Generalversammlung beschließt in Zusammenhang mit dem ersten Beschluss, Artikel 3 Absatz 1 der Satzung
abzuändern, um ihm folgenden Wortlaut zu geben:
" Art. 3. Der Sitz der Gesellschaft befindet sich innerhalb der Gemeinde von Schuttrange.“
<i>Kosteni>
Die Kosten, Ausgaben, Vergütungen oder Lasten, die unter irgendeiner Form der Gesellschaft zu Lasten fallen oder
sonst aufgrund dieser Satzungsänderung von ihr getragen werden, werden auf eintausendzweihundert Euro (EUR 1,200.-)
geschätzt.
Worüber Urkunde, aufgenommen in Luxemburg, Datum wie eingangs erwähnt.
Und nach Vorlesung von allem Vorstehenden an den Erschienenen, dem Notar nach Namen, gebräuchlichem Vornamen,
Stand und Wohnort bekannt, hat derselbe gegenwärtige Urkunde mit dem Notar unterschrieben.
Signé: L. Gürbüzel, L. Elshani, M. Krecké et M. Schaeffer.
Enregistré à Luxembourg Actes Civils 2, le 19 novembre 2015. Relation: 2LAC/2015/26224. Reçu soixante-quinze
euros Eur 75.-
<i>Le Receveuri> (signé): André MULLER.
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POUR EXPEDITION CONFORME, délivrée à la demande de la prédite société, aux fins d’inscription au Registre de
Commerce.
Luxembourg, le 2 décembre 2015.
Référence de publication: 2015194450/59.
(150218116) Déposé au registre de commerce et des sociétés de Luxembourg, le 2 décembre 2015.
Maricopa S.A., Société Anonyme.
Capital social: USD 250.000,00.
Siège social: L-2121 Luxembourg, 231, Val des Bons-Malades.
R.C.S. Luxembourg B 30.905.
L'an deux mille quinze, le vingt novembre.
Pardevant Maître Jean SECKLER, notaire de résidence à Junglinster, (Grand-Duché de Luxembourg), soussigné;
s'est réunie
l'assemblée générale extraordinaire des actionnaires de la société anonyme “MARICOPA S.A.”, (ci-après la "Société"),
avec siège social à L-2121 Luxembourg-Kirchberg, 231, Val des Bons-Malades, inscrite au Registre de Commerce et des
Sociétés de Luxembourg, section B, sous le numéro 30 905, constituée suivant acte reçu par Maître André-Jean-Joseph
Schwachtgen, alors notaire de résidence à Luxembourg, en date du 6 juin 1989, publié au Mémorial C no. 336 du 18
novembre 1989 et dont les statuts ont été modifiés pour la dernière fois suivant acte reçu par le même notaire en date du
22 juin 1999, publié au Mémorial C no. 716 du 27 septembre 1999.
La séance est ouverte sous la présidence de Madame Annerose GÖBEL, corporate administrator, avec adresse profes-
sionnelle au 231, Val des Bons Malades, L-2121 Luxembourg.
La présidente désigne comme secrétaire Madame Franka MANES, corporate administrator, avec adresse professionnelle
au 231, Val des Bons Malades, L-2121 Luxembourg.
L'assemblée choisit comme scrutatrice Madame Katrin DUKIC, corporate administrator, avec adresse professionnelle
au 231, Val des Bons Malades, L-2121 Luxembourg.
Le bureau ayant ainsi été constitué, la présidente expose et prie le notaire instrumentaire d'acter:
I.- Que l'ordre du jour de l'Assemblée est le suivant:
<i>Ordre du jour:i>
1. De procéder à la dissolution de la société, décision de dissoudre la Société et décision subséquente de la mettre en
liquidation.
2. Approbation des comptes intérimaires au 31 octobre 2015.
3. Nomination de SG Services S.à r.l., R.C.S. B 78.306, avec siège social au 231, Val des Bons Malades, L-2121
Luxembourg, comme Liquidateur.
4. Autorisation à donner au Liquidateur à exécuter, à côté de la liquidation, les actes qui sont dans l'intérêt de la Société
en conformité avec l'article 145 et suivants de la loi luxembourgeoise sur les sociétés commerciales.
5. Sous réserve de l'approbation des points 1 et 2, décision que le Liquidateur sera rémunéré aux dépens de la Société
sur base des honoraires usuels pour ses services professionnels et le remboursement des dépenses encourues.
6. Décharge aux administrateurs et au commissaire aux comptes pour l'exécution de leurs mandats jusqu'au jour de la
mise en liquidation de la Société.
Après délibération, l'assemblée prend à l'unanimité des voix les résolutions suivantes:
<i>Première résolutioni>
L'assemblée générale décide de dissoudre la Société et de la mettre en liquidation volontaire.
<i>Deuxième résolutioni>
L'assemblée générale approuve les comptes intérimaires au 31 octobre 2015.
Copie de ces comptes, restera après avoir été signée «ne varietur» par les membres du bureau et le notaire instrumentant,
restera annexée aux présentes.
<i>Troisième résolutioni>
L'assemblée générale nomme SG Services S.à r.l., société à responsabilité limitée existant et gouvernée par les lois du
Grand-Duché de Luxembourg, ayant son siège social au 231, Val des Bons Malades, L-2121 Luxembourg, inscrite auprès
du Registre de Commerce et des Sociétés Luxembourg, section B, sous le numéro 78.306, à la fonction de Liquidateur.
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<i>Quatrième résolutioni>
L'assemblée générale autorise le Liquidateur à exécuter, à côté de la liquidation, les actes qui sont dans l'intérêt de la
Société en conformité avec l'article 145 de la loi luxembourgeoise sur les sociétés commerciales.
<i>Cinquième résolutioni>
L'assemblée générale décide que le Liquidateur sera rémunéré aux dépens de la Société sur base des honoraires usuels
pour ses services professionnels et le remboursement des dépenses encourues.
<i>Sixième résolutioni>
L'assemblée générale accorde, par vote spécial, décharge aux administrateurs et au commissaire aux comptes pour
l'exécution de leurs mandats jusqu'au jour de la mise en liquidation de la Société.
<i>Fraisi>
Le montant des frais, dépenses et rémunérations quelconques incombant à la société en raison des présentes s'élève
approximativement à 1.250,- EUR.
Le capital social a été évalué à 233.621,- EUR
L'ordre du jour étant épuisé, la séance est levée.
DONT ACTE, fait et passé à Luxembourg, date qu'en tête des présentes.
Et après lecture faite et interprétation donnée aux comparantes, toutes connues du notaire par noms, prénoms usuels,
états et demeures, elles ont signé avec Nous notaire le présent acte.
Signé: Annerose GÖBEL, Franka MANES, Katrin DUKIC, Jean SECKLER.
Enregistré à Grevenmacher Actes Civils, le 26 novembre 2015. Relation GAC/2015/10256. Reçu soixante-quinze euros
75,00 €
<i>Le Receveuri> (signé): G. SCHLINK.
Référence de publication: 2015194441/68.
(150217814) Déposé au registre de commerce et des sociétés de Luxembourg, le 2 décembre 2015.
Uppernext S.C.Sp, Société en Commandite spéciale.
Siège social: L-2449 Luxembourg, 3, boulevard Royal.
R.C.S. Luxembourg B 201.866.
EXTRAIT
1. Dénomination et durée. La société en commandite spéciale ayant pour dénomination «Uppernext S.C.Sp», a été
constituée par acte sous seing privé signé en date du 30 novembre 2015 pour une durée illimitée (ci-après la «Société»).
2. Siège social. le siège social de la Société est établi au 3, boulevard Royal, L-2449 Luxembourg, Grand-Duché de
Luxembourg.
3. Objet social. Il résulte du contrat social que l'objet social de la Société est le suivant:
« 5. Objet social de la Société.
5.1 La Société pourra employer ses fonds à la création, à la gestion, à la mise en valeur et à la liquidation d'un portefeuille
se composant de tous titres et droits de propriété intellectuelle de toute sorte et de toute origine, participer à la création, au
développement et au contrôle de toute entreprise, acquérir par voie d'apport, de souscription, de prise ferme ou d'option
d'achat et de toute autre manière, tous titres et droits de propriété intellectuelle, les réaliser par voie de vente, de cession,
d'échange ou autrement et mettre en valeur ces titres et droits de propriété intellectuelle. La Société pourra accorder tout
concours (par voie de prêts, avances, garanties, sûretés ou autres) aux sociétés ou entités dans lesquelles elle détient une
participation ou faisant partie du groupe de sociétés auquel appartient la Société (y compris ses Associés ou entités affiliées)
ou de toute autre société sous le contrôle direct ou indirect de l’Associé Commanditaire. La Société pourra en outre nantir,
céder, grever de charges ou créer, de toute autre manière, des sûretés portant sur tout ou partie de ses Actifs de la Société.
5.2 La Société pourra également mettre en gage, céder, hypothéquer ou constituer toute forme de sûreté sur tout ou une
partie des Actifs de la Société.
5.3 La Société pourra emprunter sous quelque forme que ce soit par voie de placement privé.
Elle pourra émettre des créances, des obligations et d'autres titres représentatifs d'emprunts, convertibles ou non, et/ou
des titres de participations.»
4. Désignation des associés solidaires. L’associé commandité de la Société est Uppernext Management GP S.à r.l., une
société à responsabilité limitée existant selon les lois du Grand-Duché de Luxembourg, ayant son siège social au 3, bou-
levard Royal, L-2449 Luxembourg, Grand-Duché de Luxembourg et en cours d’immatriculation auprès du Registre de
Commerce et des Sociétés de Luxembourg.
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5. Désignation des gérants. Uppernext Management GP S.à r.l., précitée, a été nommée en tant que associé commandité
gérant pour une durée illimitée.
6. Pouvoir de signature du gérant. Envers les tiers, la Société est valablement engagée par la seule signature de son
associé commandité gérant.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Senningerberg, le 1
er
décembre 2015.
Référence de publication: 2015194668/38.
(150218274) Déposé au registre de commerce et des sociétés de Luxembourg, le 2 décembre 2015.
Next Luxembourg S.C.Sp, Société en Commandite spéciale.
Siège social: L-2449 Luxembourg, 3, boulevard Royal.
R.C.S. Luxembourg B 201.867.
EXTRAIT
1. Dénomination et durée. La société en commandite spéciale ayant pour dénomination «Next Luxembourg S.C.Sp», a
été constituée par acte sous seing privé signé en date du 30 novembre 2015 pour une durée illimitée (ci-après la «Société»).
2. Siège social. le siège social de la Société est établi au 3, boulevard Royal, L-2449 Luxembourg, Grand-Duché de
Luxembourg.
3. Objet social. Il résulte du contrat social que l'objet social de la Société est le suivant:
« 5. Objet social de la Société.
5.1 La Société pourra employer ses fonds à la création, à la gestion, à la mise en valeur et à la liquidation d'un portefeuille
se composant de tous titres et droits de propriété intellectuelle de toute sorte et de toute origine, participer à la création, au
développement et au contrôle de toute entreprise, acquérir par voie d'apport, de souscription, de prise ferme ou d'option
d'achat et de toute autre manière, tous titres et droits de propriété intellectuelle, les réaliser par voie de vente, de cession,
d'échange ou autrement et mettre en valeur ces titres et droits de propriété intellectuelle. La Société pourra accorder tout
concours (par voie de prêts, avances, garanties, sûretés ou autres) aux sociétés ou entités dans lesquelles elle détient une
participation ou faisant partie du groupe de sociétés auquel appartient la Société (y compris ses Associés ou entités affiliées)
ou de toute autre société sous le contrôle direct ou indirect de l’Associé Commanditaire. La Société pourra en outre nantir,
céder, grever de charges ou créer, de toute autre manière, des sûretés portant sur tout ou partie de ses Actifs de la Société.
5.2 La Société pourra également mettre en gage, céder, hypothéquer ou constituer toute forme de sûreté sur tout ou une
partie des Actifs de la Société.
5.3 La Société pourra emprunter sous quelque forme que ce soit par voie de placement privé. Elle pourra émettre des
créances, des obligations et d'autres titres représentatifs d'emprunts, convertibles ou non, et/ou des titres de participations.»
4. Désignation des associés solidaires. L’associé commandité de la Société est Next Luxembourg Management GP S.à
r.l., une société à responsabilité limitée existant selon les lois du Grand-Duché de Luxembourg, ayant son siège social au
3, boulevard Royal, L-2449 Luxembourg, Grand-Duché de Luxembourg et en cours d’immatriculation auprès du Registre
de Commerce et des Sociétés de Luxembourg.
5. Désignation des gérants. Next Luxembourg Management GP S.à r.l., précitée, a été nommée en tant que associé
commandité gérant pour une durée illimitée.
6. Pouvoir de signature du gérant. Envers les tiers, la Société est valablement engagée par la seule signature de son
associé commandité gérant.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Senningerberg, le 1
er
décembre 2015.
Référence de publication: 2015194463/37.
(150218275) Déposé au registre de commerce et des sociétés de Luxembourg, le 2 décembre 2015.
Hilton PCB S.à r.l., Société à responsabilité limitée.
Siège social: L-2453 Luxembourg, 6, rue Eugène Ruppert.
R.C.S. Luxembourg B 114.192.
Les statuts coordonnés suivant l'acte n° 1546 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: 2015193488/9.
(150217045) Déposé au registre de commerce et des sociétés de Luxembourg, le 1
er
décembre 2015.
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Helfin S.A., Société Anonyme.
Siège social: L-2453 Luxembourg, 19, rue Eugène Ruppert.
R.C.S. Luxembourg B 42.231.
<i>Extrait des résolutions prises lors de l'assemblée générale ordinaire du 20 novembre 2015i>
- L'Assemblée Générale accepte la démission de Monsieur Jean LAMBERT, administrateur, avec effet au 20 novembre
2015.
- L'Assemblée Générale décide de nommer un nouvel administrateur au lieu et place de l'administrateur sortant, à savoir:
Monsieur Nicolas SCHREURS, né le 3 décembre 1970 à Knokke (Belgique), demeurant professionnellement au 19,
rue Eugène Ruppert, L-2453 Luxembourg, au poste d'Administrateur avec effet immédiat.
Son mandat d'Administrateur expirera lors de l'Assemblée Générale qui se tiendra en l'année 2020.
- L'Assemblée Générale décide de reconduire les mandats d'administrateurs de Madame Claudia Herber et Monsieur
Patrice Yande venant à échéance lors de cette assemblée générale annuelle jusqu'à l'Assemblée Générale qui se tiendra en
l'année 2020.
- L'Assemblée Générale décide de reconduire le mandat du commissaire aux comptes Exaudit S.A. venant à échéance
lors de cette assemblée générale annuelle jusqu'à l'Assemblée Générale qui se tiendra en l'année 2020.
Extrait sincère et conforme
HELFIN S.A.
<i>Un mandatairei>
Référence de publication: 2015193506/22.
(150217263) Déposé au registre de commerce et des sociétés de Luxembourg, le 1
er
décembre 2015.
Fisc & Consult s.à r.l., Société à responsabilité limitée.
Siège social: L-2560 Luxembourg, 12-14, rue de Strasbourg.
R.C.S. Luxembourg B 150.212.
<i>Extrait du procès-verbal de l'Assemblée générale extraordinaire de la société FISC & CONSULT S.A.R.L. en date du 07i>
<i>novembre 2015 à 15h00i>
L'Assemblée dûment constituée et représentée a pris la décision suivante:
1. Démission en qualité de gérant administratif en date du 15/10/2015 de Joffrey MORETTI demeurant à L-2268 Lu-
xembourg; 30 rue d'Orchimont.
2. Signature conjointe du gérant technique et gérant administratif
3. L'adresse de Monsieur Cyril JUSSAC, gérant administratif a changé de L-2732 Luxembourg; 13 rue Wilson à L-2268
Luxembourg; 30 rue d'Orchimont.
Luxembourg, le 15 novembre 2015.
Pour extrait sincère et conforme
FISC & CONSULT SARL
Représenté par Cyril JUSSAC / Yves MONDY
<i>Associé unique & gérant administratif / Gérant techniquei>
Référence de publication: 2015193440/20.
(150216904) Déposé au registre de commerce et des sociétés de Luxembourg, le 1
er
décembre 2015.
Hawi Energy Europe, Société Anonyme.
Siège social: L-5326 Contern, 17, rue Edmond Reuter.
R.C.S. Luxembourg B 194.488.
Les statuts coordonnés de la société 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.
Luxembourg, le 30 novembre 2015.
Référence de publication: 2015193499/10.
(150216850) Déposé au registre de commerce et des sociétés de Luxembourg, le 1
er
décembre 2015.
Editeur:
Service Central de Législation, 43, boulevard F.-D. Roosevelt, L-2450 Luxembourg
Imprimeur: Association momentanée Imprimerie Centrale / Victor Buck
18000
ALL STAR Restaurants S.àr.l.
Alzinger S.A.
Art Estate S.A.
ASTC Participations S.A.
Bacco Capital S.à r.l.
Belle-Ile S.à r.l.
B-Important
B-Important
Black Metallic Holdings S.à r.l.
Cafor Holding S.A.
CaixaBank Wealth SICAV
Camden Finance S.A.
Cotton Connect Global S.à r.l.
Eastspring Investments
Equinocse Sàrl
Fisc & Consult s.à r.l.
Hawi Energy Europe
Helfin S.A.
Hilton PCB S.à r.l.
Les Victorines S.à r.l.
Letzebuerger Stad Brauerei LSB S.A.
Maricopa S.A.
MK Luxinvest S.A.
MM Publishing and Media S.A.
MM Publishing S.A.
Next Luxembourg S.C.Sp
Palace Street II
Palais de Chine S.à r.l.
Palamal Sàrl
Palek Immo S.A.
Palis Limited
Pama Solidum S.à r.l.
Panker Invest S.à r.l.
Pastificio Bolognese
Patisserie Délice s.à r.l.
People Competences S.A.
Porta Nova Participations SA
Portico Düsseldorf Sàrl
Portoazul S.A.
Presta Meat S.A.
Promotion Yara S.A.
Repco 28 S.A.
Repco 31 S.A.
Repco 32 S.A.
Repco 33 S.A.
Repco 34 S.A.
Repco 36 S.A.
Rio Grande SA/SPF
Uppernext S.C.Sp